EFM Signs Deal With Microsoft for Purchase of Nature-Based Carbon Removals and Fund Investment
EFM, a forest investment and management firm has finalized a multi-year offtake agreement with Microsoft alongside a fund investment that together secure Microsoft’s access to up to 3 million nature-based carbon removal credits from EFM’s investment platform.
EFM to Launch New Fund with Sojitz to Advance Climate-Smart Forestry and Carbon Solutions in the United States
EFM, a forest investment and management firm, today announced a new joint venture with Sojitz Corporation (Sojitz), through its 100% subsidiary Sojitz Corporation of America, which will establish a forestry investment fund to generate high-integrity carbon credits and promote climate-smart forest stewardship across the United States. The new entity, EFM Sojitz Management, LLC (ESM), will manage the fund and aims to raise approximately USD 200 million, with initial participation expected from Sojitz, Fuyo General Lease Co., Ltd. and other global investors.
EFM and Meta Collaborate to Advance Climate-Smart Forestry in Washington State
Yesterday, EFM, a forest investment and management firm, and Meta announced that they have finalized a groundbreaking long-term contract for the delivery of 676,000 nature-based carbon removal credits through 2035. The deal will support the transition of 68,000 acres of forestland to climate-smart management on Washington’s Olympic Peninsula, with the goal of removing more than one million tonnes of carbon emissions over the next decade.
