SUSTAINABLE FINANCE
rules for project validation, monitoring and verification alongside maintaining a public registry for transparency.
The Puro Standard specialises in certifying carbon removal projects such as biochar, bioenergy with carbon capture and storage and other technology-based removals. It has a set of requirements, methodologies and independent verification processes.
Isometric is a newer standard focussed on technological carbon removal. It emphasises scientific rigour and transparency and verifies projects through independent audits and detailed methodologies.
SAP’ s collaboration with Climeworks Climeworks and SAP are working together through a multi-million-euro agreement to secure 33,500 tonnes of carbon removal credits. Until 2034, Climeworks will remove CO₂ for SAP through a portfolio of DAC, biochar and enhanced rock weathering, tailored specifically to SAP’ s business context.
“ Investing in quality carbon removals addresses emissions we can’ t eliminate directly,” says Sophia Mendelsohn, Chief Sustainability and Commercial Officer at SAP.“ Our Climeworks partnership secures high-integrity capacity at preferred rates while protecting against price volatility. This investment also
184 September 2025