View original ↗on procurementmag.com
deal · 24 November 2025
Microsoft ↔ Chestnut Carbon
Microsoft: a firm purchase of afforestation/reforestation removal from Chestnut Carbon.
BuyerMicrosoft
SupplierChestnut Carbon
Amount$210,000,000
Capture pathwayAfforestation/reforestation
Storage mediumecosystem
Commitment typefirm
Deal structureofftake
Source pathway descriptionafforestation, which involves planting trees in areas where there were none previously. This process provides genuine carbon removal rather than carbon avoidance.
Delivery windowlong-term
Project locationNorth America (37 US states)
VerificationIntegrity Council for the Voluntary Carbon Market (ICVCM) - Core Carbon Principles alignment assessed
NotesThis is a financing arrangement (US$210m) backed by a long-term carbon removal deal between Microsoft and Chestnut Carbon. ERM served as technical advisor. JPMorgan was among the lenders involved. The deal is described as 'one of the largest carbon removal agreements in the US to date' and represents the first-of-its-kind investment in a voluntary carbon credit initiative with this financing struc
Durability defaultedtrue
Previous durabilityconventional
Previous durability basispathway-default
Durability notePathway default removed; duration requires source evidence
Watch these companies, see every deal like this, or ask about it.
A free account searches the whole database and saves records. Pro adds Ask, a watch list, totals, exports and the plugin for Claude and ChatGPT. New accounts get 14 days of Pro, no card needed.