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PayPal pledges to achieve net zero greenhouse emissions by 2040

An anonymous reader quotes a Bloomberg report: PayPal said so achieve zero net greenhouse gas emissions by 2040 looking for ways in which financial technology can prevent climate change. The payments giant also pledged to use renewable energy sources to power its data centers by 2023, and pledged to reduce its operational greenhouse gases by 25% by 2025. pledges are part of PayPal’s commitment to help limit global warming to a maximum of 1.5. degrees Celsius, the most ambitious target of the Paris Agreement.

“Our climate action goes beyond our scientific goals,” Sri Shivananda, PayPal’s chief technology officer, said in an email. “As we continue to develop more effective and efficient payment solutions, we have the opportunity to identify financial inclusion solutions that strengthen climate resilience and maximize results for the underserved communities hardest hit by the diseases. extreme weather events. ” PayPal said it has also funded projects in communities where it has major operations to tackle the “inevitable climate pollution” they generate. The company, for example, helped a foundation historically restore black cemeteries in Richmond, Virginia, to offset its greenhouse gas emissions. “It will take all of us to succeed in creating a climate neutral economy,” added Shivananda. “We will lead the search for opportunities and attract partners for collaboration to advance innovative fintech solutions that prioritize climate impact and financial health.”

PayPal pledges to achieve net zero greenhouse emissions by 2040

Source link PayPal pledges to achieve net zero greenhouse emissions by 2040

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