Climate Vault, an award-winning non-profit climate solutions start up founded at the University of Chicago, today announced it has entered into a strategic growth partnership with Bilancia, one of India’s fastest growing sustainability consulting firms. Climate Vault will become Bilancia’s preferred carbon reduction solution and Bilancia will promote Climate Vault’s solution in the rapidly growing Indian sustainability market.
Climate Vault pioneered a one-stop, market-based integrated carbon reduction and removal platform and partners with leading organizations to deliver not only the quickest, most credible way to voluntarily reduce their carbon footprint and achieve carbon neutrality but also a driver of business growth, employee recruitment and retention and customer preference and purchase.
“We’re excited to partner with Bilancia to extend Climate Vault’s international reach and to bring our innovative, verifiable and highly-effective market-based solution to India’s massive economy,” said Michael Greenstone, Co-Founder of Climate Vault and Milton Friedman Distinguished Service Professor of Economics at the University of Chicago, and former Chief Economist for President Obama’s Council of Economic Advisers. “In just over a year, Climate Vault has already reduced CO2 emissions by nearly 750,000 metric tons and is using the financial value of those reductions to accelerate game-changing carbon removal technologies. This partnership will allow us to help satisfy the rapidly growing demand from organizations to reduce their carbon footprint in one of the world’s most important markets.”
“Carbon action and meaningful, strategic sustainability programs are no longer optional for today’s modern businesses; they are economic imperatives,” said Rajas Gupta Managing Director at Bilancia. “We are thrilled to join with Climate Vault and bring their breakthrough solution for carbon reduction and removal to the burgeoning Indian marketplace. There is enormous need and demand for Climate Vault’s highly transparent, simple and cost-effective approach to helping organizations reduce their carbon footprint. We look forward to partnering with them and scaling their impact in India.”
Named to Fast Company’s 2022 World Changing Ideas list, Climate Vault’s solutions are trusted by leading organizations including Morningstar, TPG, Gemini and Vanderbilt among others. More information on Climate Vault’s innovative approach can be found here.
