Salesforce CEO Marc Benioff's quest to plant a trillion trees for greenhouse gas removal is discussed. The challenges of the initiative, involvement of governments and companies, and criticisms from activists are explored. The struggles of major companies in reporting tree planting progress and the effectiveness of carbon offsetting are highlighted.
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Quick takeaways
Planting trees can help remove carbon dioxide from the environment, but the 1T.org initiative is struggling to reach its goal of one trillion trees by 2030 due to challenges in accountability and reliance on the carbon market.
There is skepticism surrounding billionaire-led reforestation initiatives like 1T.org, with critics suggesting that resources might be better spent on more immediate climate change solutions rather than grand projects with uncertain impacts.
Deep dives
Mark Benioff's Stakeholder Capitalism Advocacy and 1T.org Initiative
Mark Benioff, CEO of Salesforce, advocated for stakeholder capitalism at the 2020 World Economic Forum and launched the 1T.org initiative to plant one trillion trees by 2030. While the goal aimed to combat climate change and engage the private sector, challenges like accountability and reliance on the carbon market impede progress.
Challenges and Accountability Issues in Achieving the 1 Trillion Tree Goal
The 1T.org initiative, co-founded by Salesforce, faces accountability challenges as companies vary in their reporting compliance and methods. The reliance on the carbon market raises concerns about measuring actual impact, with some companies using it to offset emissions without substantial tree planting.
Criticism and Reflection on Billionaire Philanthropy in Climate Change Efforts
Critics question the effectiveness of billionaire philanthropists' initiatives like 1T.org, suggesting resources could be better utilized for climate adaptation. The disconnect between philanthropic choices and scientific needs highlights concerns about pursuing grand but potentially less impactful projects over more essential climate change solutions.
Since 2020, Salesforce CEO and co-founder Marc Benioff has been on a mission to plant and preserve one trillion trees. The idea behind his initiative, 1t.org, is simple: A tree is good at taking carbon dioxide out of the environment. And more trees mean more greenhouse gas removal.
Four years, millions of dollars, and dozens of pledges from non-profits, NGOs, national governments, and private companies later – how close is Benioff to one trillion trees? Today, host Sarah Holder talks to Bloomberg wealth reporter Sophie Alexander about why a billionaire decided to go all in on reforestation, why the private sector followed, and why the initiative is lagging behind.