- Accelerating carbon removal through our partnership with Watershed
Accelerating carbon removal through our partnership with Watershed
We’re partnering with Watershed to participate in Frontier and catalyze the growth of climate-critical permanent carbon removal technologies.
Climate change is the single greatest threat to global stability, security, and life on earth, and the relentless rise of carbon dioxide (CO₂) emissions is the leading contributor to the climate emergency. The majority of CO₂ enters the atmosphere through burning fossil fuels such as coal, natural gas and oil. Since the pre-industrial era, the amount of human-produced CO₂ in the atmosphere has increased by 1.1 trillion tons through fossil fuel and land use. If we're to keep global warming under the 1.5 degrees Celsius target, the Intergovernmental Panel on Climate Change (IPCC) indicates that the world will require an average of around 6 billion tons of annual CO₂ removal by 2050.
Carbon removal technology has made significant progress, but it's still not on track to reach the required scale. As of 2021, fewer than 10,000 tons of CO₂ had been permanently removed from the atmosphere through these kinds of technologies. If humankind is truly going to halt climate change we are going to need a host of solutions to tackle the problem. That's why we're excited to be extending our partnership with Watershed – Canva's enterprise climate platform – to support Frontier: a collection of forward-thinking companies who are making commitments to scale a portfolio of world-class carbon removal solutions. And we're proud to be the first Australian participant to do so.
Catalyzing carbon removal
We'll buy carbon removal sourced by Frontier, an advance market commitment focused on accelerating permanent carbon removal. Frontier was founded by Stripe, Alphabet, Shopify, Meta and McKinsey Sustainability. We are joined by Boom Supersonic, SKIMS, and Zendesk in the Watershed-led cohort. By partnering with Watershed to participate in Frontier we're catalyzing the growth of climate-critical permanent carbon removal technologies.
This first-of-its-kind partnership allows Canva and companies across a diverse range of sectors to access rigorously vetted and science-backed permanent carbon removal solutions that range from direct air capture to enhanced weathering. Permanent carbon removal is critical to achieving our sustainability goals, which are intrinsically linked to our desire to do the most good in the world.
Committed to a sustainable future
To “be a force for good” is one of the core values that drive us at Canva. It's a value that resonates with so many Canvanauts because it directly influences the decisions that we make in every aspect of the company, and consequently the true impact that Canva has on the world.
Tackling climate change and thinking about our own ability to reduce carbon emissions is one of the ultimate ways of being a force for good. We are taking action on this not only by purchasing offtake from carbon capture technologies but also through nature-based methods such as reforestation. These methods protect, transform, and restore the land. Our own regeneration efforts are epitomized by One Print, One Tree – a 1-for-1 reforestation program where we've committed to planting a tree for every print order ever placed through Canva Print.
So far, we've planted over 3.2 million trees across 11 countries with another 6.5 million trees committed. As well as the environmental benefits, our planting sites around the world have also created employment opportunities for over 3,800 people, many of whom previously had little or no income. It’s a testament to our belief that doing good for the environment is good for local communities, good for society and good for our planet.
At Canva, we're passionate about solving the world's biggest problems and hope our participation in Frontier will inspire other organizations to think about their own carbon footprint and further their sustainability practices. It’s only through collective action that we'll be able to preserve our planet for future generations.