Overview Carbon Water Waste Ecosystems Appendix 26 Enabling systems change (continued) Climate Innovation Fund 8 percent of global emissions, and low-GHG Our Climate Innovation Fund is focused on accelerating innovations like CarbonCure can reduce the carbon existing technology and investing in the innovation $50M footprint of our built environment. Microsoft used the of new technologies to help Microsoft and the world CarbonCure product in concrete mixes provided to our reach net zero emissions. investment in Energy LinkedIn Bay Area campus where our collective In the first year of our fund, we have made commitments Impact Partners΄ global low-carbon concrete strategies will keep to carbon removal and carbon reduction technologies investment coalition, approximately 4.8 million pounds of carbon out of the across a range of sectors, including designing a carbon focused on new atmosphere, a 30 percent reduction in business as removal project finance facility with direct air capture technologies. usual. We see CarbonCure as a technology solution pioneer Climeworks, to support its first-of-a-kind to decarbonize our global construction activities, as commercial-scale, fully renewable carbon capture and well as a market enabler for productive use of mineralization plant, located in Iceland. captured carbon. We are seeding the global economy’s future portfolio • Aclima, a climate technology company with a of climate solutions with early stage investments such as: pioneering approach to mapping hyperlocal air pollution and greenhouse gases block by block. Their • $50 million in Energy Impact Partners’ (EIP) global technology supports data-driven environmental investment coalition, a leading private equity platform decisions with consideration for climate equity. focused on new technologies enabling the transition Our portfolio to date includes a mix of fund partnerships to cleaner, more resilient, and more inclusive energy and direct investments. Each commitment represents a and transportation ecosystems, two sectors that key ingredient in the technology roadmap to net zero. account for most greenhouse gas emissions. EIP In particular, our investments target inflection points in follows a uniquely collaborative impact investment technology development and deployment where capital model by partnering with over 30 of the world’s is scarce, and investment can make an outsized impact largest, most innovative, and environmentally on growth prospects and early adoption. conscious corporate firms as highly engaged, strategic investors. • CarbonCure, a low-GHG concrete technology company, in a round with Amazon and Breakthrough Energy Ventures. Cement accounts for approximately Carbon removal and reduction will change all sectors of the economy.