Salesforce backs clean energy transition with grants and investments

A crystal globe of the earth rests on a bed of moss in the forest.

Salesforce, the cloud-based customer relationship management software provider, has announced several commitments aimed at accelerating the global transition to clean energy.

Salesforce has committed $25 million to a coalition led by Frontier Climate to scale and commercialize carbon dioxide removal (CDR) technology. Frontier aims to invest $1 billion by 2030 in early-stage carbon removal companies, focusing on solutions that store carbon for more than 1,000 years, have a path to affordability at scale, and avoid competing for arable land. Salesforce’s investment is part of a larger $300 million commitment made in 2021 by the company, its founder and CEO Marc Benioff, and his wife, Lynne. In addition, Salesforce has expanded its renewable energy contracts portfolio to maintain its commitment to purchase the renewable equivalent of the energy consumed by the company’s operations—a goal the company has achieved since 2022.

Alongside these latest investments Salesforce has awarded seven grants totaling $3.9 million in support of efforts to provide equitable access to affordable clean energy, develop renewable energy on non-arable land, and create green jobs. Recipients include RE-volv, Groundswell, GRID Alternatives, Planet Reimagined, Working Power, Honnold Foundation, and Evergreen Climate Innovations.

“To tackle the climate crisis head on, companies must develop a comprehensive climate transition plan,” said Salesforce executive vice president and chief impact officer Suzanne DiBianca. “For us, this means investing in and scaling new climate technologies, securing clean energy access in underserved regions of the world, and aligning our corporate philanthropy strategy to ensure no one is left behind.”

(Photo credit: Getty Images/Sarinya-Pinngam)