Global 1000 

CDR Challenge
Mobilising the world’s 1000 largest companies to buy 1M tonnes of permanent CDR in 2025
We face a massive gap to scale permanent carbon removal (CDR) solutions
To finance CDR projects, we must rapidly expand the universe of buyers
Without these projects, companies will not be able to meet net zero targets
6Gt/yr
Carbon removals required by 2035, with a current gap of 4Gt/yr*
1Gt/yr
Total permanent CDR required by 2035 in a Paris-consistent scenario*
0.012Gt
Total permanent CDR purchased 
since 2020
2.1%
of top 1000 listed companies that have purchased 1K+ tonnes of permanent CDR
* State of CDR 2024
** As of 1 Dec 2024 per cdr.fyi
PARTICIPANTS
The top 1000 companies
meeting the challenge
2024
Companies
Industries
Total Market Cap
Leading Industry
Leading Country
12
5
$6,964,825 (Trillion USD)
Information Technology (16.8%*)
United States (51.2%*)
2025
Companies
Industries
Total Market Cap
Leading Industry
Leading Country
0
0
0 (Trillion USD)
0
0
PATRONS
The Global 1000 CDR Challenge is an initiative spearheaded by ClimeFi and XPRIZE
ClimeFi is the leading global portfolio manager specialising in permanent carbon removal (CDR) assets, providing comprehensive intelligence and asset management for contracting, purchasing, and managing CDR purchases across diverse pathways
XPRIZE Foundation is a non-profit organization that designs and hosts public competitions to solve humanity’s greatest challenges through incentivised competition, motivating individuals, companies, and organisations to develop ideas and technologies
Frequently asked questions
Why should companies meet the Challenge?
After an initial surge of interest, CDR purchases which are critical to financing the industry have not materialized at a rate necessary to scale; without rapid expansion of the buyer pool for this market, projects vital to meeting corporate net zero ambitions cannot be built.
Why is the benchmark so low?
This benchmark is intentionally low to ensure the Challenge is accessible to a wide range of companies, regardless of their size or current climate commitments. The focus is on creating a broad base of support to accelerate the CDR industry.
My company has already bought CDRs, why should we care?
Entering a new purchase agreement in 2025 will demonstrate continued leadership and support for CDR, while recognizing the need to generate the broad corporate support required to grow the industry.
How do I buy CDRs?
Contact the Global 1000 or refer to the website for additional resources to help to make a qualifying purchase.
How do I sign up?
Your company doesn’t need to do anything to participate! The Global 1000 Challenge will monitor public announcements of CDR transactions, along with private notification of transactions that satisfy the Challenge (deals@Global1000Challenge.org) in order to track progress.
How to meet the challenge
Global 1000 will track public transactions of CDRs and update the leaderboard of companies meeting the challenge
If your company prefers to keep details of CDR transactions private, please contact Global 1000 at deals@global1000challenge.org to notify us of successfully having met the challenge
To identify projects that would satisfy the challenge, please check out the XPRIZE Carbon Removal Finalists or contact ClimeFi for more options and support