LifeShopping & Food

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

By Jordan Haworth

One year ago, Shopify pledged to invest at least $5 million per year to help combat climate change, according to their website. 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. 

Related posts

The Essential Proposal Guide: Do’s & Dont’s

Roughly 10% of all proposals happen on Valentine’s Day, and with this romantic holiday on the…
Read more

7 Questions with CTV News Ottawa’s Leah Larocque

From her passion for languages to her love for British Period Dramas and marathon running, CTV…
Read more

The Handbook: 2024's Most Anticipated Trends In Home, Fashion & Entertainment

You heard it here first: farmhouse-style kitchens may be left in 2023. Modern kitchens with…
Read more