AS a member of Stripe's Climate Change project, in May, we helped fund Charm Industrial's first-ever off take agreement. Stripe's Climate was Charm's first customer in 2020, so we're particularly excited to see them go from concept to scale-up in just three short years. Since we one one of the first to join the Climate change project, we played an important role shaping Charm's trajectory.

We help funded 14 early-stage carbon removal companies that Stripe just added to the Stripe Climate portfolio, and we were the first customer for 10 of them. Based on their own projections, these companies could collectively remove more than half a million tons of CO₂ annually by 2026.