ClimateTrade has acquired climate neutrality company TeamClimate as part of its strategy to expand its global presence and leverage its product portfolio, according to a press release.
“We couldn’t be more excited to bring TeamClimate into the ClimateTrade family,” ClimateTrade CEO Francisco Benedito said. “The founders’ and team’s dedication to making climate action both seamless and impactful for individuals and companies alike was clear to us from day one. By joining our expertise, climate projects and client bases, this acquisition will enable both ClimateTrade and TeamClimate to make a more consequential and positive impact on the fight against climate change.”
By purchasing a $10 subscription, users can measure, reduce and offset their carbon usage and support projects aiming to protect 440 square meters of rainforest in Brazil. The company also features a flight offsetting platform called “mindfulflights,” containing climate solutions for businesses.
Based in Vienna, TeamClimate offers carbon offsetting subscriptions to consumers and companies worldwide, with a specialty in the German-speaking region, as they make an effort to achieve climate neutrality.
“When we started TeamClimate as a school project, we set out to enable people and companies to have a lasting, positive impact by reducing and offsetting their carbon emissions,” said TeamClimate Founder and CEO Christophe Reberig. “We are incredibly proud to join the ClimateTrade family to elevate our mission and journey to the next level. With ClimateTrade, we’ll be better able to grow our impact and build the best solutions for our customers, multiplying the difference we can make in our world.”
The purpose of the acquisition is to enable ClimateTrade to offer its subscription-based carbon offsetting directly to contributors of the business.
The acquisition serves as ClimateTrade’s latest expansion effort. It comes soon after the establishment of its U.S. headquarters in Miami and the addition of E-Verde's carbon footprint calculators in 2022. Reflecting a change in the company's customer base, ClimateTrade introduced a blockchain-based carbon credit marketplace for corporations to offset their carbon footprint, a Scope 3 plug-and-play API and a Whitelabel in 2018, allowing its business clients to provide carbon offsetting choices to their customers. With the integration of TeamClimate, ClimateTrade will now provide a carbon offsetting subscription service directly to consumers, allowing it to focus on Scope 3 for its workers.