Connect with us

Hi, what are you looking for?

Life

Shopify Works Toward Net-Zero Emissions, Says It Has Kept Over 12,000 Tons of Carbon Out of Air This Year

One year ago, Shopify pledged to invest at least $5 million per year to help combat climate change. Just one year later, and the e-commerce company’s investments are already paying off. 

“While Shopify is investing in proven solutions that are already fighting climate change, we are placing bets on high-potential technologies at the frontier of the carbon removal industry,” said Tobi Lütke, CEO. “Our goal is to help prove, scale, and commercialize climate technology for massive impact in the long-term.”

The fund is divided into two portfolios: the Frontier Portfolio which funds projects that permanently remove carbon, and the Evergreen Portfolio, which focuses on short-term removal of carbon.

“We spent $1.6 million on carbon sequestration—taking carbon out of the air and permanently storing it,” said a representative in a press statement.    

Shopify also added Shop Pay, which offsets carbon emissions at no cost to purchasers, making it one of the first carbon-neutral purchasing options. 

As of Aug. 31, 2020, Shopify says they offset over 50 million orders, or more than 12,000 tons of carbon emissions. 

The press statement says Shopify hopes to work towards complete net-zero emissions. 

Details on each of the company’s investments can be found on their Sustainability Fund webpage. 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement Village Green Dental Care
Advertisement canadianlithographs

You May Also Like

Entertainment

Francesca Farago, also known as “Frankie,” became a hit sensation after the airing of Netflix’s reality show Too Hot To Handle.

Life

While the 2020 edition of the CHEO Dream of a Lifetime Lottery won’t offer participants a tour of the actual Mintro Dream Home, the...

Life

Ontario is no stranger to dock spiders who, despite their name, are found all over cottage country and not just on docks. Here are...

Entertainment

The St. Lawrence Parks announced that it will begin its annual Pumpkinferno on Sept 27th with some changes to its annual halloween attraction. The...

Advertisement Sysco