Sustainability has become a new normal
Klarna becomes first fintech to join Climate Pledge and Race to Zero campaign. Source: facebook.com
Klarna has announced that the company is joining The Climate Pledge and the Race to Zero campaign.
According to the press release, Klarna is to implement decarbonization strategies in line with the Paris Agreement in order to reach net-zero greenhouse gas emissions in all scopes by 2040 at the latest.
The announcement builds on the company’s commitment earlier this year to reduce its total emissions by 50% by 2030 and to use an internal carbon tax that is channeled into effective climate projects.
The Climate Pledge is a commitment co-founded by Amazon and Global Optimism to reach net-zero carbon emission by 2040, 10 years ahead of the Paris Agreement. Race to Zero is an UN-backed global campaign that aims to build momentum around the shift to a decarbonized economy and thus halve all global emissions by 2030.
As part of the Climate Pledge Klarna commits itself to:
- Measure and report greenhouse gas emissions on a regular basis
- Implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies
- Neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially-beneficial offsets to achieve net zero annual carbon emissions
We’ve reported that Klarna launched a carbon tracking feature.
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