Axfood purchases climate compensation from Eken

Eken Financing AB provides SBTi companies with the opportunity to invest in multi-year high-quality carbon removal projects with immediate climate impact and pays forest owners to transition profitably to forestry practices with higher commercial, social, and biological value.

Axfood, a leading group in the Swedish grocery retail sector, has entered into an agreement with Eken regarding 32,000 CO2e stored through extended rotation age of at least 10 years in Swedish forests. The agreement is a continuation of the collaboration on climate compensation that began in 2022. 

– We are delighted to once again have earned the trust to provide Axfood with climate compensation through Swedish forestry, says Per Forssberg, Sales Lead at Eken.