San Francisco, California, March 11, 2021 (GLOBE NEWSWIRE) -- Pachama has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2021.
The list honors the businesses that have not only found a way to be resilient in the past year, but also turned those challenges into impact-making processes. These companies did more than survive, they thrived—making an impact on their industries and culture as a whole.
Pachama has earned the top standing in the Artificial Intelligence category for its use of AI to accurately measure carbon sequestration in reforestation and conservation projects around the world. A process that has enabled Pachama to bring clarity to which initiatives are making a real difference in the mission of solving climate change.
“Being recognized as one of the world’s most innovative companies, alongside highly respected entrepreneurs and leading innovators, is an honor for Pachama. We are delighted that our technology is gaining global attention as a way to bring new levels of trust to forest carbon markets. In the past, many companies had considered investing in forest restoration and conservation but didn’t do it because of concerns about how they were going to ensure that the commitments from these projects were going to be reported. By harnessing AI, LiDAR and satellite imagery, we are contributing to a credible forest carbon market, founded on increased accountability, accuracy and transparency. Our technology will enable a new standard of assurance in carbon markets, and mean that more and more individuals and organizations can invest with confidence to achieve climate goals, all while supporting our global forests.”
“In a year of unprecedented challenges, the companies on this list exhibit fearlessness, ingenuity, and creativity in the face of crisis,” said Fast Company Deputy Editor David Lidsky, who oversaw the issue with Senior Editor Amy Farley.
Large organizations such as Microsoft and Shopify are among Pachama’s customers, utilizing Pachama’s verified forest carbon projects to achieve net zero ambitions. This week Pachama also announced its first endeavor into project origination as it was selected as a key strategic partner by Mercado Libre, Latin America’s largest ecommerce and fintech company, to kickstart forest restoration projects in Brazil and verify and monitor carbon impact. This partnership marks a significant step for the company as Pachama expands its capabilities to help new reforestation projects get off the ground powered by advanced technology.
Nature-based solutions are a critical tool in the climate toolkit, with more projects needed to remove climate relevant amounts of CO2 from the atmosphere. Pachama’s technologies are key to scaling these efforts and catalysing project growth.
Fast Company’s Most Innovative Companies issue (March/April 2021) is now available online here, as well as in app form via iTunes and on newsstands beginning March 16, 2021. The hashtag is #FCMostInnovative.
Notes to Editors:
Fast Company’s editors and writers sought out the most groundbreaking businesses across the globe and industries. They also judged nominations received through their application process.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
About Pachama
Pachama is a mission-driven company looking to restore nature to help address climate change. Pachama brings the latest technology in remote sensing and AI to the world of forest carbon in order to enable forest conservation and restoration to scale. Pachama’s core technology harnesses satellite imaging with artificial intelligence to measure carbon captured in forests. Through the Pachama marketplace, responsible companies and individuals can connect with carbon credits from projects that are protecting and restoring forests worldwide. Pachama was founded in 2018 by Diego Saez-Gil and Tomas Aftalion, two technology entrepreneurs originally from Argentina, now based in Silicon Valley, California. The company is backed by some of the top venture capital funds focused on climate tech including Breakthrough Energy Ventures, Amazon Climate Fund, LowerCarbon Capital, Saltwater and Y Combinator.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Stephanie Mehta. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.