Climate Transformation Fund

A curated portfolio of high impact projects for sustainability leaders

The Climate Transformation Fund enables companies to take credible, science-based climate action that drives progress toward global net zero.

Climate Transformation Fund

A curated portfolio of high impact projects for sustainability leaders

The Climate Transformation Fund enables companies to take credible, science-based climate action that drives progress toward global net zero.

Through a portfolio of projects, the Climate Transformation Fund directs funding toward initiatives that deliver measurable, long-term CO₂ reduction and removal. Aligned with the SBTi’s Beyond Value Chain Mitigation guidance, the fund sets a new standard for credible, strategic climate contributions.

01 /

Durable carbon removal

02 /

Decarbonization

03 /

Protecting and restoring nature

Framework

The Climate Transformation Fund encompasses a wide array of projects, each addressing different themes and approaches.

01 /

Durable carbon removal (CDR)

02 /

Decarbonization

03 /

Protecting and restoring nature

$16M+

Total contributions to date since the fund was created in 2021.

65

Total number of projects supported since 2021.

27

Since 2021, the fund has supported projects in 27 countries across 6 continents.

Our experts

Meet our fund managers

We collaborate with a broad network of experts and maintain a robust portfolio management system to ensure high quality and scientific rigor. The portfolio is overseen by a group of portfolio managers who work closely with an external advisory group.

Annika Richter

Carbon finance & sustainable energy expert

Annika Richter is a carbon finance and sustainable energy expert with extensive experience in project development and climate policy. Formerly Regional Manager for East Africa at Atmosfair, she has worked on corporate climate action and host country carbon market frameworks. Based part-time in Dar es Salaam, she co-founded the Tanzania Climate Network and currently leads the carbon market workstream of the FCDO-funded UK–Tanzania Green Growth Facility. Annika has also consulted for international organizations including GIZ, USAID, and MECS.

Natalya Yakusheva Jarlebring

Senior Environmental Lead

Natalya Yakusheva Jarlebring holds a Ph.D. in Environmental Science and has worked extensively on forest–climate policy and sustainable resource management. Formerly a postdoctoral researcher at the University of Helsinki, she focused on the forest–climate nexus in EU climate commitments. Natalya has also served as a consultant for organizations such as UNEP, UNDP, and GIZ, developing sustainability policies and natural resource strategies across multiple regions.

Robert Höglund

Head of Climate Strategy & CDR

Robert Höglund is a carbon dioxide removal (CDR) and climate policy expert. He manages the Climate Transformation Fund, co-founded the CDR market platform CDR.fyi, and collaborates with the NGO Carbon Gap. Robert is a member of the EU Expert Group on Carbon Removals, contributes to the Science Based Targets initiative (SBTi) Working Group on Beyond Value Chain Mitigation (BVCM), and serves on the board of Mistra Sustainable Consumption. He has previously led Oxfam Sweden’s policy and communications team and founded the Climate Goal Initiative in Sweden.

Meet our advisory group

Grant Faber

Techno-economic Analysis Expert, Carbon-Based Consulting LLC

Fabiano Ximenes

Senior Research Scientist at NSW Department of Primary Industries

Carlos Härtel

Senior Industry & Investment Advisor, previously CTO Climeworks

Join us on our mission

The Climate Transformation Fund turns corporate ambition into real, measurable impact. Join a growing group of sustainability leaders driving the transformation toward global net zero.

Our approach

What should a best-in-class company do for our climate?

Leading frameworks like SBTi, WWF/BCG, and Gold Standard/Milkywire endorse a four-step approach to credible climate action. Responsible companies go beyond emission reductions and implement an internal carbon fee to support climate projects beyond their own value chains.

By funding these external climate projects, companies can drive innovation and internalize environmental costs in order to reach global net-zero.

Robert Höglund, Head of Climate Strategy and CDR at milkywire

“After nearly five years, the Climate Transformation Fund is no longer a pilot. It’s a working model for how companies can fund climate action that actually moves the needle. We’ll keep testing, adjusting, and sharing what we learn, so others can build on it and help speed up the global transition to net zero.”

Through a portfolio of projects, the Climate Transformation Fund directs funding toward initiatives that deliver measurable, long-term CO₂ reduction and removal. Aligned with the SBTi’s Beyond Value Chain Mitigation guidance, the fund sets a new standard for credible, strategic climate contributions.

01 /

Durable carbon removal

02 /

Decarbonization

03 /

Protecting and restoring nature

Framework

The Climate Transformation Fund encompasses a wide array of projects, each addressing different themes and approaches.

01 /

Durable carbon removal (CDR)

02 /

Decarbonization

03 /

Protecting and restoring nature

$16M+

Total contributions to date since the fund was created in 2021.

65

Total number of projects supported since 2021.

27

Since 2021, the fund has supported projects in 27 countries across 6 continents.

Our experts

Meet our fund managers

We collaborate with a broad network of experts and maintain a robust portfolio management system to ensure high quality and scientific rigor. The portfolio is overseen by two main portfolio managers who work closely with an external advisory group.

Annika Richter

Carbon finance & sustainable energy expert

Annika Richter is a carbon finance and sustainable energy expert with extensive experience in project development and climate policy. Formerly Regional Manager for East Africa at Atmosfair, she has worked on corporate climate action and host country carbon market frameworks. Based part-time in Dar es Salaam, she co-founded the Tanzania Climate Network and currently leads the carbon market workstream of the FCDO-funded UK–Tanzania Green Growth Facility. Annika has also consulted for international organizations including GIZ, USAID, and MECS.

Natalya Yakusheva Jarlebring

Senior Environmental Lead

Natalya Yakusheva Jarlebring holds a Ph.D. in Environmental Science and has worked extensively on forest–climate policy and sustainable resource management. Formerly a postdoctoral researcher at the University of Helsinki, she focused on the forest–climate nexus in EU climate commitments. Natalya has also served as a consultant for organizations such as UNEP, UNDP, and GIZ, developing sustainability policies and natural resource strategies across multiple regions.

Robert Höglund

Head of Climate Strategy & CDR

Robert Höglund is a carbon dioxide removal (CDR) and climate policy expert. He manages the Climate Transformation Fund, co-founded the CDR market platform CDR.fyi, and collaborates with the NGO Carbon Gap. Robert is a member of the EU Expert Group on Carbon Removals, contributes to the Science Based Targets initiative (SBTi) Working Group on Beyond Value Chain Mitigation (BVCM), and serves on the board of Mistra Sustainable Consumption. He has previously led Oxfam Sweden’s policy and communications team and founded the Climate Goal Initiative in Sweden.

Meet our advisory group

Grant Faber

Techno-economic Analysis Expert, Carbon-Based Consulting LLC

Fabiano Ximenes

Senior Research Scientist at NSW Department of Primary Industries

Carlos Härtel

Senior Industry & Investment Advisor, previously CTO Climeworks

Join us on our mission

The Climate Transformation Fund turns corporate ambition into real, measurable impact. Join a growing group of sustainability leaders driving the transformation toward global net zero.

Our approach

What should a best-in-class company do for our climate?

Leading frameworks like SBTi, WWF/BCG, and Gold Standard/Milkywire endorse a four-step approach to credible climate action. Responsible companies go beyond emission reductions and implement an internal carbon fee to support climate projects beyond their own value chains.

By funding these external climate projects, companies can drive innovation and internalize environmental costs in order to reach global net-zero.

Robert Höglund, Head of Climate Strategy and CDR at milkywire

“After nearly five years, the Climate Transformation Fund is no longer a pilot. It’s a working model for how companies can fund climate action that actually moves the needle. We’ll keep testing, adjusting, and sharing what we learn, so others can build on it and help speed up the global transition to net zero.”

Resources

Practical tools to support you

We create and share resources to advance credible climate and nature action. Developed in collaboration with leading experts, our articles, reports, whitepapers, and webinars are designed to make complex topics accessible and actionable for both newcomers and professionals.

01

04

Internal carbon fee guidance

Our white paper outlines the key steps for setting an internal carbon fee, a proven mechanism to drive accountability and fund climate impact.

CDR 101

Want to better understand durable carbon removal? Sign up for our CDR 101 crash course to get five bite-sized lessons delivered straight to your inbox.

Carbon removal targets

This practical guide provides clear recommendations for setting long-term and interim carbon removal targets within a net-zero strategy.

Webinars

Browse through our recorded collection of webinars, covering topics such as carbon removal targets, biodiversity actions, and scaling carbon removal.

Resources

Practical tools to support you

We create and share resources to advance credible climate and nature action. Developed in collaboration with leading experts, our articles, reports, whitepapers, and webinars are designed to make complex topics accessible and actionable for both newcomers and professionals.

01

04

Internal carbon fee guidance

Our white paper outlines the key steps for setting an internal carbon fee, a proven mechanism to drive accountability and fund climate impact.

CDR 101

Want to better understand durable carbon removal? Sign up for our CDR 101 crash course to get five bite-sized lessons delivered straight to your inbox.

Carbon removal targets

This practical guide provides clear recommendations for setting long-term and interim carbon removal targets within a net-zero strategy.

Webinars

Browse through our recorded collection of webinars, covering topics such as carbon removal targets, biodiversity actions, and scaling carbon removal.

We are here to help you take the next steps on your sustainability journey

We are here to help you take the next steps on your sustainability journey

© Milkywire AB, 2025. All rights reserved. Mailbox 3306, 112 73, Stockholm, Sweden. All donations are handled by WRLD Foundation Sweden (registered with org ID No "802526 - 9328") and WRLD Foundation US (registered 501(c)(3) charity).

© Milkywire AB, 2025. All rights reserved. Mailbox 3306, 112 73, Stockholm, Sweden. All donations are handled by WRLD Foundation Sweden (registered with org ID No "802526 - 9328") and WRLD Foundation US (registered 501(c)(3) charity).