“We want to leverage the power of nature to capture carbon and fight climate change.
The initiative will be co-led by Salesforce and leading environmental organizations, including the World Economic Forum’s Friends of Ocean Action, Ocean Risk and Resilience Action Alliance , Conservation International, and The Nature Conservancy, along with the Meridian Institute, to support the stakeholder engagement process.
“As Salesforce decarbonizes its business, we’re leveraging technology, philanthropy, mobilization, policy, and investments in nature-based solutions to reach our climate goals,” said Dr.
However, less than 1% of the total value of the ocean has been invested in sustainable projects through philanthropy and official development assistance.
That’s why Salesforce is joining ORRAA, a multi-stakeholder collaboration with a goal to drive at least $500 million of investment into coastal projects by 2030.
“At the moment, there are too few on-the-ground solutions which can be a source for high-quality, verifiable blue carbon credit products ready to go to market, and no clear benchmarks or definitions of what a high-quality blue carbon product is – or should be,” said Karen Sack, Executive Director, ORRAA.
“Science tells us that it’s now or never to take climate action.
Before joining Salesforce, Christophersen served as the head of Nature for the Climate Branch, and Coordinator of the UN Decade on Ecosystem Restoration at the United Nations Environment Programme.