Wise Partners with Opna to Drive Climate Resilience and Carbon Removal

Wise, the global technology company dedicated to improving money management and transfers, has announced a strategic partnership with Opna, a high-impact carbon removal company. In a significant move to bolster its Environmental, Social, and Governance (ESG) strategy, Wise has committed £500,000 to support nature-powered carbon removal projects across its key growth markets in Latin America (LatAm) and Asia-Pacific (APAC).

Focus on High-Integrity Carbon Removal Projects

This investment will form a core element of Wise’s climate resilience efforts, supporting carbon removal solutions that are rooted in local communities and ecosystems. The projects Wise will fund, through Opna’s expertise, include initiatives such as Improved Forest Management and Biochar, particularly in regions that are most vulnerable to the impacts of climate change.

Wise’s commitment to these nature-based and hybrid carbon removal solutions goes beyond merely addressing emissions. The projects aim to create employment opportunities, promote gender equity, support agriculture, and enhance biodiversity in vulnerable communities.

The initiative is designed to be socially impactful while strengthening the resilience of frontline communities facing the brunt of climate-related challenges.

Wise’s ESG Strategy and Local Impact

Wise’s ESG committee led the process of selecting Opna as a partner in 2024, ensuring that the partnership aligns with the company’s mission of transparency and measurable impact.

According to the company, real climate impact arises from understanding local context and supporting on-the-ground solutions that address both environmental and social challenges.

Wise’s partnership with Opna represents a thoughtful step forward in its climate action journey, with a clear focus on regions where the need for climate resilience is most urgent.

Also read: CarbonQuest Enters Food & Beverage Market with On-Site CO2 Capture & Reuse Tech

Opna’s Approach to Carbon Removal with Impact

Opna takes a distinctive approach by not only evaluating carbon removal projects for their carbon sequestration potential but also considering their social, economic, and environmental impacts.

This guarantees that the projects supported by Opna not only address the climate issues of the world but also yielding important impacts at the community level. These projects, which are anchored in climate-exposure areas, emphasize sustainability in the long term and the improvement of livelihoods by creating employment, gender equality, and improved resilience to climate change.