Shopify, the e-commerce platform provider that has emerged as the anti-Amazon, is set to stump up a minimum of $5 million annually for its new Sustainability Fund.
“We have taken many steps to build a sustainable company, including becoming carbon neutral. We’re setting best-in-class standards by buying offsets for all the carbon this company has ever used and will ever use, and we choose renewable energy to heat and power our operations. But it’s not enough,” says Shopify CEO Tobi Lütke.
“The Shopify Sustainability Fund will house all of our environmental investments, including carbon sequestration. Our intention is to increase our financial commitment annually based on our revenue growth. The fund will intelligently commit every dollar to the most promising, impactful technologies and projects fighting climate change globally, even if it means overpaying for them,” he adds.
Further details here.