**London**: Watershed has announced its first RFP aimed at expanding its network of carbon removal partners. The initiative seeks diverse solutions to enhance offerings for a client base that includes major corporations and financial institutions, allowing effective progress on sustainability goals.
Watershed, a company dedicated to facilitating decarbonisation efforts, has announced its inaugural request for proposals (RFP) aimed at expanding its network of carbon removal partners. This initiative marks a significant step in Watershed’s commitment to providing its diverse clientele, including notable corporations such as Airbnb, FedEx, General Motors, Visa, Walmart, and several leading financial institutions, with comprehensive carbon removal solutions.
The RFP is designed to secure carbon removal credits for Watershed’s extensive customer base, which includes four of the top six US banks and six of the top ten private equity firms. Given the broad range of industries represented among its clients, Watershed is seeking a variety of nature-based and engineered carbon removal methods to enhance its offerings.
Currently, Watershed clients benefit from a selection of permanent, nature-based carbon removal projects, as well as options for clean energy and sustainable aviation fuel. Past collaborations have included innovative partnerships, such as one with Frontier, as well as unique virtual power purchase agreements and the acquisition of sustainable aviation fuel certificates.
Through this RFP, Watershed aims to diversify its portfolio of carbon removal solutions, thereby enhancing the choices available to its clients. The initiative is intended to cultivate high-impact and low-risk opportunities, ensuring that clients can effectively address their sustainability objectives.
Suppliers selected through this process will enjoy a streamlined sales and contracting experience, enabling them to connect with an aggregated buyer group facilitated by Watershed. Additionally, these suppliers will have the opportunity to establish long-term partnerships within Watershed’s growing network, which now encompasses over 500 companies across various sectors and regions. Successful suppliers will also receive priority consideration for future purchase cycles, which may include multi-year contracts.
Clients who are developing carbon removal portfolios will experience significant advantages, such as access to high-quality projects that are typically available only to larger buyers, while also supporting the advancement of emerging technologies critical to climate initiatives. Furthermore, the collective buying power of Watershed’s customers is expected to reduce costs and simplify contract negotiations.
As the availability of carbon removal options remains limited, Watershed’s customers stand to benefit from a secure supply, enabling substantial progress towards their sustainability goals. The company is set to accept applications for the RFP until March 31, 2025.
Source: Noah Wire Services
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