Business Wire

ByteDance Purchases more than 100,000 Units of Rubicon Carbon’s Flagship Product, The Rubicon Carbon Tonne®

Share

ByteDance secured access to premium credits at today’s prices, reducing exposure to future cost spikes and supply issues, which will be essential in achieving its 2030 carbon neutrality target.

Rubicon Carbon, a leading carbon credit management firm, announced today that ByteDance, the global technology company behind content platforms including TikTok, has purchased the right to retire more than 100,000 tonnes of carbon credits. The credits were purchased through Rubicon Carbon’s flagship carbon credit offering, the Rubicon Carbon Tonne® (RCT), and represent a milestone on ByteDance’s path toward achieving its carbon neutrality target by 2030 while also underscoring the company’s commitment to high-integrity climate action.

Rubicon Carbon Tonnes (RCTs) are actively managed portfolios of high-quality carbon credits from global projects, including nature-based, super pollutant, and carbon removal initiatives. Rubicon’s science team ensures ongoing monitoring and integrity. Buyers secure access to premium credits at today’s prices, reducing exposure to future cost spikes and supply issues. With expert management, RCTs offer confidence that retired credits will meet the highest standards and deliver measurable climate impact.

The RCTs acquired by ByteDance include a carefully curated mix of nature-based avoidance credits and carbon removal credits designed to deliver both immediate climate impact and long-term carbon dioxide removal.

“We are thrilled to welcome ByteDance as a buyer of Rubicon Carbon Tonnes,” said Tom Montag, CEO of Rubicon Carbon. “ByteDance’s decision to invest in RCTs signals a serious, long-term commitment to climate leadership and a recognition that the path to net zero must be built on high-quality, durable carbon solutions. We're proud to play a role in helping them meet that goal.”

To achieve its carbon neutrality goals by 2030, ByteDance aims to reduce at least 90% of its operational emissions, with the remaining 10% offset by carbon credits. Rubicon Carbon’s team provided ByteDance with robust educational resources and advisory support, helping the company evaluate its purchases in the voluntary carbon market with confidence.

“We greatly appreciate the time and expertise that the Rubicon Carbon team invested to help us make high-value and impactful decisions within the carbon credit landscape,” said Ian Gill, Global Head of Sustainability at ByteDance. “As we advance toward our 2030 carbon neutrality goal, it’s critical that we build long-term relationships with trusted partners. This purchase marks an important step in that journey, and we look forward to continuing our collaboration with Rubicon Carbon.”

The announcement builds on Rubicon Carbon’s continued momentum as a trusted partner to global organizations seeking scalable, science-based climate solutions. The company’s unique approach to carbon credit sourcing — combining rigorous project selection with a portfolio-based structure — ensures that every Rubicon Carbon Tonne meets the highest standards of environmental integrity.

For more information about Rubicon Carbon and the Rubicon Carbon Tonne, visit rubiconcarbon.com.

About Rubicon Carbon:
Rubicon Carbon is a carbon credit management firm that empowers the world’s largest enterprises to achieve their sustainability goals by addressing carbon emissions and driving global climate finance. Backed by TPG Rise Climate and led by top executives from across finance, technology, and climate science, Rubicon Carbon delivers innovative carbon credit solutions to global businesses while unlocking carbon avoidance and removal projects at scale, all backed by rigorous in-house scientific diligence. For more information, visit www.rubiconcarbon.com.

About ByteDance:
Founded in 2012, ByteDance's mission is to inspire creativity and enrich life. With a suite of more than a dozen products, including TikTok, Helo, and Resso, as well as platforms specific to the Chinese market, including Toutiao, Douyin, and Xigua, ByteDance has made it easier and more fun for people to connect with, consume, and create content. ByteDance's investors include Coatue, General Atlantic, KKR, Sequoia Capital, SIG, and Softbank.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250625148017/en/

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

IFF’s 2024 Do More Good Report Highlights Progress in Sustainability and Innovation25.6.2025 17:00:00 CEST | Press release

The company continues to deliver sustainable solutions that helped customers and consumers avoid 27.3 million metric tons of CO₂e emissions in 2024. IFF (NYSE: IFF)—a global leader in flavors, fragrances, food ingredients, health, and biosciences—has released its 2024 Do More Good Report which showcases a year of meaningful progress, transformative innovation, and commitment to people and the planet. The report highlights key accomplishments across the organization and emphasizes the impact of IFF’s sustainable solutions through four core pillars, aligned with its new theme, 'The Science of Possible': Conscious Sourcing, Intentional Innovation, Partnerships of Impact, and Operating for the Future. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250625701433/en/ “We’re working to bring the best of science, creativity and heart to everything we do,” said Erik Fyrwald, IFF CEO. “This report is more than a record of progress — it

Moody’s fully acquires ICR Chile, solidifying its leading position in key Latin American markets25.6.2025 15:00:00 CEST | Press release

Moody’s Corporation (NYSE:MCO) announced today that it has fully acquired ICR Chile (ICR), a leading provider of domestic credit ratings in Chile. The transaction follows Moody’s 2019 acquisition of a minority stake in ICR and will further strengthen its presence in Latin America’s domestic credit markets. Following the transaction, ICR will continue issuing domestic ratings in Chile under its own rating process and methodologies. In the following months, ICR will be fully integrated into Moody’s Local, a group of leading credit rating agencies in Latin America. “Today’s acquisition builds on our successful partnership with ICR and underscores our commitment to Chile’s growing debt capital market,” said Martin Fernandez-Romero, Managing Director of Moody’s Local. “Bringing ICR into Moody’s Local will enhance our ability to provide high quality credit ratings, research, and analytical services to market participants, while contributing to greater transparency in Latin America.” Founded

Empatica Unveils EmbraceMini: The World’s Smallest Actigraphy Wearable for Clinical Trials25.6.2025 15:00:00 CEST | Press release

Empatica, a pioneer in digital biomarker development and patient monitoring using wearables and AI, today unveiled EmbraceMini, its revolutionary new wearable for clinical trials. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250617320584/en/ EmbraceMini is an ultra-compact health monitoring device, focused on delivering exceptional wearability and high-quality data without compromising sponsor or participant needs. At just 12mm thick and 14mm wide, EmbraceMini is the smallest wristworn actigraphy device for clinical research in the world – the size of a USB flash drive or AA battery. EmbraceMini is an ultra-compact health monitoring device, focused on delivering exceptional wearability and high-quality data without compromising sponsor or participant needs. With its incredibly small footprint and refined looks, EmbraceMini offers effortless, seamless and non-invasive activity data collection while prioritizing the patient

Expensify Expands Global Support for Company Cards, Languages, Billing, and Reimbursements25.6.2025 15:00:00 CEST | Press release

The financial superapp now supports corporate cards from thousands more banks worldwide, alongside a handful of other major international upgrades Expensify, Inc. (Nasdaq: EXFY), the financial management superapp for expenses, travel, and corporate cards, today announced a sweeping expansion of international support across its platform. The launch includes support for corporate card import from 10,000+ more banks worldwide, multilingual capabilities, Euro-based billing, international reimbursements in New Expensify, and beta access to the Expensify Card across the UK, EU, and soon Canada. These updates mark a milestone in Expensify’s global strategy, enabling businesses across the world to manage expenses and cards faster and more seamlessly than ever before—all within a single platform. “Now, companies everywhere can handle expenses, cards, reimbursements, and more — entirely within Expensify,” said David Barrett, founder and CEO of Expensify. Highlights of today’s international expan

Novoloop Raises $21 Million Series B Funding Led by Taranis to Scale Circular Performance Materials25.6.2025 15:00:00 CEST | Press release

Novoloop, a pioneer in advanced chemical recycling, announced today the successful close of its Series B funding round, led by Taranis. The investment will accelerate Novoloop’s commercial scale-up of its proprietary Lifecycling™ technology, which transforms post-consumer polyethylene into high-performance polyol and polyurethane, and support the launch of key customer programs. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250624087075/en/ Novoloop successfully closes series B funding round led by Taranis This latest funding round brings Novoloop’s total capital raised to over $50 million and marks a continuation of the company’s significant momentum—demonstrated by achieving continuous operations at its demonstration plant in India, strategic partnerships with world-leading polyurethane producers in China, and progress toward siting its first commercial facility. With continued backing from existing investor Valo Ventures

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye