Climate change is one of the biggest challenges facing the world today, and it is important that businesses take action to reduce their carbon footprint and mitigate the effects of climate change. One company that is leading the way in this regard is Klarna, a Swedish fintech company that is committed to sustainability.
Recently, Klarna announced that it will be contributing millions of dollars through an internal carbon tax to fund climate innovation projects. According to a report by Edie, the company will contribute $10.7 million in 2021 through this tax. The funds will be used to support game-changing climate impact solutions that can help to reduce emissions and mitigate the effects of climate change.
Klarna’s internal carbon tax is based on the company’s carbon emissions. The tax is part of the company’s broader sustainability strategy, which aims to reduce its carbon footprint and support the transition to a low-carbon economy. Klarna has set a goal to become carbon neutral by 2030, and it is taking several steps to achieve this target.
One of the ways in which Klarna is reducing its carbon footprint is by investing in renewable energy. The company has committed to sourcing 100% of its electricity from renewable sources by 2025. Klarna is also working to reduce the carbon emissions associated with its operations, such as transportation and office buildings.
In addition to these efforts, Klarna is also supporting climate innovation projects through its internal carbon tax. The company has contributed $2.35 million to support climate impact projects in 2021 alone. These projects include initiatives to reduce emissions from transportation and agriculture, as well as projects to promote renewable energy and sustainable forestry.
Klarna’s contribution to climate innovation projects is an important step towards addressing the challenges of climate change. By investing in innovative solutions, companies like Klarna can help to reduce emissions and mitigate the effects of climate change. It is also worth noting that individual companies cannot solve the climate crisis alone. Governments, civil society, and other stakeholders must also take action to reduce emissions and promote sustainable development.
In a recent press release, Klarna shared its progress on emissions reduction. The company reported that it has reduced its carbon footprint by 40% since 2019. This reduction was achieved through several measures, including investing in renewable energy, reducing business travel, and implementing energy-efficient measures in its offices.
Klarna’s commitment to sustainability has also been recognized by external organizations. The company has been awarded a gold rating by EcoVadis, a sustainability ratings agency. This rating places Klarna in the top 5% of companies assessed by EcoVadis in terms of sustainability performance.
Klarna’s contribution to climate innovation projects through its internal carbon tax is a positive step towards addressing the challenges of climate change. By taking action to reduce its own carbon footprint and supporting innovative solutions, Klarna is demonstrating its commitment to sustainability and the transition to a low-carbon economy. It is important that other companies follow Klarna’s lead and take action to reduce their carbon footprint, as we all have a responsibility to protect the planet for future generations.
