Reflecting on 2024: Treeconomy’s Year in Review
Milestones and Achievements to Celebrate and Inspire
Company News
Team
Carbon Credits
Project Development
Science & Tech
Dec 11, 2024
Carolina Amu Trujillo
As 2024 comes to a close, we’re taking a moment to celebrate the achievements, milestones, and partnerships that have defined this remarkable year. From team growth to product innovations, this year has been one of incredible progress and collaboration. Here’s a look back at some of our key highlights.
Team Rooting & Sprouting
This year, we hosted a successful second team gathering at the beginning of September, a fantastic opportunity to strengthen our bonds, share insights, and align our vision for the future.
We also welcomed new talent and expertise:
- Dr. Linda Sheard joined our Advisory Board at the start of 2024. With expertise in responsible AI, remote sensing, and data integration, Linda has already made a tremendous impact. Her work on sustainability-driven AI solutions, particularly in the UK central government sector, and her passion for technology’s role in nature restoration align perfectly with our mission.
- Sarah Bishop joined our team at the beginning of this month (December) as our new Product Lead, a pivotal addition to our team as we continue to innovate and enhance our offerings in the upcoming year.
- After 3 years with Treeconomy, Emily Houston was promoted from Senior Commercial & Partnerships Associate to Chief of Staff. In her new role, she will work closely with our CEO, overseeing key projects, managing workflows and facilitating strategic planning as we continue to advance and grow.
- We’re excited to announce upcoming team expansions, including a Geospatial Scientist and a new Data Engineer to drive our mission forward.
Standout Purchases and Contracts
2024 also saw us secure unique partnerships and contracts that strengthen our mission:
- We partnered with Naturalis Biodiversity Center and Nattergal for a first-of-its-kind purchase of carbon removal credits from a rewilding project worth 100 euros per tonne. We joined forces with Nattergal to support Naturalis’ efforts to offset emissions from employee travel while setting a precedent for global financing of rewilding projects. The credits were sold from Nattergal’s Boothby Wildland project, spanning 617 hectares, which combines carbon sequestration with biodiversity restoration, making it a model for large-scale, nature-driven carbon removal solutions.
- In a groundbreaking deal, we worked with CUR8 to support British Airway’s purchase of 3,000 tonnes of carbon removal credits from our partners’ projects, Montgreenan and Abergavenny. The collaboration used a unique stacking method to combine Woodland Carbon Code and Sequoia Carbon Pending Units, extending the lifespan of carbon sequestration efforts. This pioneering approach set a new benchmark for the durability and permanence of carbon removal projects, aligning with British Airways’ net-zero goals for 2050 and advancing the role of nature-based solutions in climate action.
- We teamed up with Octopus Investments under the UK Space Agency’s “Unlocking Space for Business” programme to integrate satellite-based analytics into Octopus’s natural capital investment strategy. The project will use Earth observation and AI data to enhance due diligence, monitoring, and reporting for nature restoration projects. This partnership aims to streamline investment in high-quality carbon and natural capital projects, ultimately increasing transparency and confidence in private finance flows to address the $700B global nature funding gap.
Building Stronger Supply Partnerships
2024 has been a year of collaboration and growth for Treeconomy. We have made significant strides in scaling access to high-quality, nature-based carbon removal solutions by working with like-minded partners. Our partnerships reflect a shared commitment to transparency, innovation, and impactful climate action.
- We proudly joined Kita’s Carbon Credit Supplier Pool, a significant step forward for the VCM. This partnership combines Treeconomy’s nature-based carbon removal credits with Kita’s pioneering carbon insurance solutions to build trust and stability in the market. By participating in Kita’s Best Match Method, we provide replacement credits for insurance claims, enhancing market reliability and enabling more participants to engage in carbon credit transactions confidently.
- Tripshift, a carbon accounting platform transforming how businesses manage transport and Scope 3 emissions, partnered with us to offer our nature-based carbon removal credits through their app. By connecting their customers to Treeconomy’s marketplace, Tripshift simplifies access to high-quality offsetting solutions.
- We established a strategic partnership with Net Zero expert consultancy Ampersand Partners to expand the reach of Treeconomy’s nature-based carbon removal projects. Together, we aim to broaden access to high-quality nature restoration projects, drive investment in initiatives tackling climate change and biodiversity loss, and support businesses achieving Net Zero with practical, high-integrity solutions.
- We joined forces with Zopeful Climate, a leader in creating portfolios of durable carbon removal solutions, to make high-quality carbon credits more accessible. Zopeful’s focus on democratising access to premium carbon removal aligns perfectly with our vision of delivering durable, auditable, and quantified credits at less than $100/t. Through their Carbon Removal Portfolio-1, Zopeful connects businesses to vetted, high-integrity credits like ours, backed by science and robust monitoring.
Key Memberships: Expanding Our Influence
This year, strategic memberships with global initiatives shaping the future of nature-based solutions were significant. By joining influential forums and alliances, we demonstrated our commitment to driving transparency, innovation, and collaboration in the voluntary carbon market.
- We joined the Taskforce on Nature-related Financial Disclosures (TNFD) Forum, composed of a global network of multidisciplinary institutions working together to provide businesses and capital markets with high-quality information on nature-related risks through corporate reporting. This initiative supports better risk management for enterprises and investors, enhancing nature-related projects and developments. By joining this influential group, we stay updated on TNFD’s essential work and actively contribute to their technical initiatives.
- We joined the Nature Tech Collective (NTC), a global network using technology for accurate nature measurement. NTC connects experts to advance data and solutions for conservation. Our platforms, Sherwood and our marketplace, utilise MRV technology for transparent carbon removal data. Collaboration with NTC helps us scale restoration efforts using advanced remote sensing and AI, enhancing project credibility and market confidence.
- We became members of the Nature Finance Certification Alliance (NFCA). This alliance is instrumental in shaping the future of nature finance transactions in the UK. As members, we were committed to advancing transparency and integrity in the voluntary carbon and biodiversity credit markets. Treeconomy’s focus on using robust MRV technology aligned perfectly with the NFCA’s mission to ensure that natural capital investment delivered economic, social, and environmental impacts.
- We made a major achievement by joining the Katapult Ocean Accelerator Program 2024 cohort. Among more than 2,000 candidates from across six continents, Treeconomy was selected as one of the top 1% to join this prestigious accelerator. The program is designed to prepare companies for scaling, offering workshops, mentoring, pitch training, and investor presentations. Katapult's rigorous selection process underscored the quality and impact of our work, and we were excited to continue our journey with them.
- We proudly became part of the Wilder Carbon Network of Collaborators. This network unites trusted partners dedicated to scaling nature restoration efforts. Through our collaboration, we use our advanced monitoring technology to ensure nature-based projects meet Wilder Carbon’s rigorous standards for carbon removal.
As we expand our influence, we are excited to keep contributing to important conversations and initiatives, working alongside other leaders.
Advancing Research and Expertise
2024 was also one of remarkable strides in advancing research and technology to support nature-based solutions.
- We contributed to the Knepp Wildland Carbon Project, producing a report on rewilding's carbon sequestration potential. The study found that rewilded scrub and grassland can store carbon at rates comparable to newly planted woodlands, positioning rewilding as a viable climate solution. Treeconomy led the carbon measurement analysis, collaborating with partners like Knepp Wilding, Nattergal, Arup, and the Queen Mary University of London.
- We were selected for the CivTech Scotland Challenge 10.6 to develop solutions for efficient carbon measurement in Woodland Carbon Code and Peatland Code projects. Partnering with Scottish Forestry and IUCN, we aim to improve UK carbon markets and unlock global potential for nature-based solutions.
Through these collaborations, we continue to lead the delivery of trusted, innovative solutions for natural capital projects and carbon markets.
Science & Product Innovations: Delivering Impactful Solutions
Lastly, 2024 was an important year for our Science & Product Development! We significantly upgraded our platforms, enhancing their capacity to scale and support nature-based solutions. The Treeconomy Marketplace now offers a streamlined experience for corporates and market partners, combining high-quality, monitored carbon removal credits with a comprehensive framework of trackable metrics and insights. These tools provide an in-depth view of projects and their tangible impact, ensuring transparency and confidence in carbon procurement.
Our most significant product advancement was the transformation of Sherwood into an all-in-one hub for project developers. The upgraded Sherwood seamlessly integrates monitoring, carbon credit sales, and project financing, supporting every stage of the project lifecycle. With advanced remote sensing and AI technology, Sherwood empowers developers to design impactful projects, streamline monitoring processes, and maximise credit value.
Additionally, we introduced the Project Site Eligibility Assessment, delivered through Sherwood, to simplify the development of Afforestation, Reforestation, and Revegetation (ARR) projects. This tool accelerates site evaluation, providing fast, actionable data on land eligibility and future project potential, saving time and resources for developers.
The momentum continues—we’re gearing up to launch two exciting new products at the start of next quarter!
Looking Ahead to 2025
Reflecting on 2024, we’re filled with gratitude for the partnerships, collaborations, and shared achievements that made this year extraordinary. Together, we’ve set a strong foundation for an even more impactful year ahead.
Thank you for being part of Treeconomy’s journey. Here’s to continuing our work to restore nature, support communities, and create a better future for our planet in 2025 and beyond.
Cheers to a thriving new year!
The Treeconomy Team