Nature & Carbon Markets

Pachama

52Mixed / Improving

San Francisco, CA, USAFounded 2018Series B0 followers

pachama.com

Uses satellite data and machine learning to verify and monitor forest carbon projects, bringing transparency and quality to nature-based carbon markets.

Green Score

52/100
Mixed / Improving
Greenwashing risk
medium
Data confidence
medium
Method
how it is calculated
Climate Impact & Solution35%62

Does the core business genuinely avoid or reduce emissions, or build climate resilience? Share of revenue that is actually 'green'. Fossil-dependent models score low.

Pachama's technology genuinely improves quality screening in the voluntary carbon market — rejecting over 70% of registry-approved projects — and its Verra DMRV pilot is a meaningful step toward credible MRV, but it remains an enabler of carbon offsetting whose downstream climate impact depends heavily on the contested validity of forest carbon credits broadly.

Decarbonization & Targets20%28

Credible, science-based targets (SBTi), a real net-zero plan with progress to date, and CDP disclosure — not just a dated press release.

No public evidence of Pachama holding validated SBTi targets, CDP disclosure, or a formal net-zero plan for its own operations; the company advocates these frameworks for its clients but has not publicly committed to them itself, yielding a low score for its own climate accountability.

ESG & Operations15%48

Operational footprint, labour and social practices, and governance quality across the company's own operations and supply chain.

No confirmed B Corp certification, no public SBTi or CDP filing found for Pachama itself; the company conducted layoffs of ~20 staff in 2024-2025 amid carbon market downturn, and no published supply-chain or labour standards disclosures were located, limiting ESG scoring.

Transparency & Verification15%60

Quality of disclosure, independent third-party verification, and how much hard data backs the company's claims.

Pachama publishes its project evaluation criteria, partners with Verra on a digital MRV pilot, and discloses that fewer than 30% of projects pass its screen — providing meaningful methodology transparency — but lacks independently audited impact reporting for its own portfolio-level outcomes or corporate operations.

Integrity15%58

Controversies, litigation, pollution, fossil-fuel lobbying, conflict-zone involvement and governance scandals. Higher means cleaner.

A Guardian/SourceMaterial investigation surfaced credible allegations from Pachama's former chief scientist that commercial pressure led to corner-cutting and the sale of at least one questionable project, and an early REDD-Monitor report found Pachama was displaying Gold Standard logos despite that body stating it did not 'work closely' with them — both material integrity flags even if no litigation resulted.

Why it's on ClimateTicker

Pachama is a climate-tech enabler that uses AI, satellite imagery, and LiDAR to bring greater transparency and quality screening to the voluntary forest carbon market — a sector rife with integrity problems. Its core value is as a verification and due-diligence layer rather than a direct emitter or carbon project developer, though it also operates its own curated marketplace. Investors should recognise that Pachama's real-world impact is contingent on the quality of underlying carbon credits surviving increasing scientific scrutiny of forest offset additionality and permanence.

enablerPachama earns transaction fees from carbon credits traded on its marketplace, takes a small percentage of each credit sale, and licenses its remote-sensing and AI monitoring technology as a SaaS/due-diligence service to corporate credit buyers and project developers.

Commitments & Certifications

Controversy & Greenwashing Watch

lowSignificant Layoffs Amid Carbon Market Downturn

Pachama laid off approximately 20 employees in 2024-2025 as voluntary carbon markets contracted under anti-ESG sentiment and economic uncertainty, signalling business model fragility tied to offset market health.trellis.net

highFormer Chief Scientist Alleges Corner-Cutting and Sham Credit Sale

A Guardian/SourceMaterial investigation reported that Pachama's founding chief scientist alleged that demand pressure led the company to cut corners and sell credits from at least one project he considered a sham, stating short-term profits trumped the stated mission.source-material.org

lowMisleading Registry Logo Display (Early-Stage)

In 2020, REDD-Monitor found Pachama displaying Gold Standard logos on its website despite Gold Standard stating it did not 'work closely' with Pachama and had never heard of the company before being contacted by press.redd-monitor.org

Funding

Series B · Led by Future Positive & Lowercarbon Capital
USD 55.0M5/10/2022

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