The LEGO Group has secured a portfolio of certified carbon dioxide removal (CDR) assets, in partnership with ClimeFi.
The agreement, which comes as part of LEGO Group’s recent contribution to supporting a diverse portfolio of carbon removal initiatives, is valued at DKK 19 million (€2.55 million), while KIRKBI A/S, the family-owned holding and investment company behind the LEGO Group brand, has made a commitment of DKK 5 million.
ClimeFi has provided the group with access to a suite of high-quality engineered CDR solutions, as well as active insights into portfolio monitoring.
ClimeFi played a key role in facilitating three out of the four engineered carbon removal projects included in the LEGO Group’s portfolio, it added.
‘Robust and durable’
“We’re excited to partner with the LEGO Group on this robust and durable carbon removal portfolio,” commented Paolo Piffaretti, co-founder and CEO at ClimeFi. “The projects were carefully chosen based on ClimeFi’s strict quality standards and underwent thorough technical review.
“The LEGO Group’s early adoption of these high-quality carbon removal solutions will help catalyse the growth of the carbon dioxide removal industry and help achieve our shared climate goals.”
By partnering with ClimeFi, the LEGO Group is positioning itself ‘at the forefront of the transition to a more sustainable future’, ClimeFi noted, adding that the agreement supports its commitment to advancing the carbon removal market, as well as unlocking access to carbon removal solutions.
‘Positive impact’
“We are proud to support these climate initiatives which we believe will have a positive impact on the wider environmental ecosystem,” added Annette Stube, chief sustainability officer at the LEGO Group.
“Innovative, high-quality carbon removal projects and emerging technologies have the potential to play an important role in supporting a more sustainable future, while reforestation has the potential to support improved biodiversity. These partnerships allow us to build our understanding of new technologies and practices to support a healthy planet for future generations.” Read more here.
