Nasdaq Announces Acquisition of Majority Stake in Puro.earth

Fazzaco learned that Nasdaq announced that it has acquired a majority stake in Puro.earth, a leading marketplace for carbon removal.

The partnership with Puro.earth will scale the marketplace to address a growing demand for carbon removal by corporations, as well as enable new carbon removal methodologies as technology evolves.

The addition of Puro.earth’s marketplace capabilities to Nasdaq’s environmental, social, and governance (ESG)-focused technologies and workflow solutions gives Nasdaq’s corporate clients further resources to successfully achieve their ESG objectives. Fortum, a leading European energy company, will remain a minority owner and an important partner in the venture.

Commenting on the collaboration, Bjørn Sibbern, Executive Vice President and President of European Markets at Nasdaq, said: “The addition of Puro.earth to our growing suite of innovative ESG products and services extends our strategy into an increasingly important area for our 4,000+ corporate clients worldwide. The partnership with Puro.earth will provide our global network of corporate clients access to a unique marketplace for carbon removal and will allow Puro.earth to scale its platform through the Nasdaq network and technology platform. We look forward to working together with the Puro.earth and Fortum teams to create a global, transparent and authenticated market for carbon removal.”

Antti Vihavainen, CEO of Puro.earth, commented: “This investment and strategic partnership with Nasdaq will enable us to realize our mission to support the transformation of the world’s economy to reward carbon negative emissions and help our customers reach their ambitious net-zero goals. So far we have seen the carbon removal industry take small steps, and with Nasdaq involved we have the potential to make much bigger strides.”

Fazzaco earlier reported Nasdaq was rolling out options​ on the Nasdaq-100 Micro Index .XND in order to provide retail investors with exposure to the popular Nasdaq 100 Index.