INSUBCONTINENT EXCLUSIVE:
Earlier this year, Microsoft made waves in the corporate community by coming out with one of the most ambitious and wide-ranging
strategies to reduce carbon emissions from the company operations.
Part of that plan was a $1 billion fund that would invest in climate
change mitigation technologies — specifically focused on decarbonization
At the time, details were scarce, but it looks like the strategy is becoming a little more clear, with details beginning to emerge about who
will be running the show.
According to sources — and a LinkedIn profile search — it appears that Brandon Middaugh is taking point on the
investment fund.
Middaugh has been at Microsoft for more than four years and worked as one of the architects of the company climate strategy
during her tenure at the company
In her previous role as part of the company Cloud Energy and Sustainability team, Middaugh led the distributed energy strategy and was a
part of the partnership Microsoft initiated with the East Coast regional transmission organization, the PJM — which manages the power grid
for a large swath of the Northeastern and Mid-Atlantic region of the United States
It appears that Middaugh is going to be taking point on
the deployment of that $1 billion fund Microsoft announced in January, according to people who have discussed the company investments.
At
the January event, Microsoft committed to going &carbon negative& by 2030 and said that it would remove by 2050 the equivalent of all the
carbon it had emitted into the atmosphere since its founding in 1975
Those commitments are far more aggressive than any made by any other corporation in any industry.
Part of the plan involves expanding the
carbon fee the company has imposed internally on its direct emission across its supply and value chains
The $1 billion fund is part of that effort to reduce emissions from suppliers and customers by financing projects and technologies that can
reduce emissions with new generation or efficiency technologies, or capture and remove carbon from the atmosphere.
Equity and debt
investments have to meet four criteria, including: the ability to drive meaningful decarbonization, climate resilience or other
sustainability-related goals; have additional market impacts for future climate solutions; can address Microsoft own climate debt; and have
implications for the unequal distribution of climate impacts.
Late last year, Amazon committed that it would move to 100% renewable energy
powering its operations by 2030 and that it would achieve net zero carbon emissions by 2040
Meanwhile, Alphabet has been developing renewable energy projects under its moonshot division and has long been an investor in climate
mitigation technologies, including the use of renewables to power its operations.
All of these efforts will need to be met by additional
work from corporations and financial institutions across every industry if the world is to reduce the most dire effects of dramatic climate
Already forest fires, flooding and other climate-related catastrophes have led financial investors and insurers to push for better
mitigation strategies and to bring climate impacts front and center within corporate strategies.
Microsoft had not replied to a request for
comment by the time of publication.
