Paysafe Group, a global payments provider, announced on Wednesday it has achieved CarbonNeutral Company status. This announcement comes on the 50th anniversary of Earth Day. Paysafe reported that the status is part of its ongoing commitment to the environment and has also been backdated to cover its carbon footprint in 2019 as well as 2020 and was achieved following an extensive data gathering and third-party verification process.
“The impact of its carbon footprint for the two years was then offset by financing several sustainability projects in developing countries. To conduct the independent assessment and identify suitable projects, Paysafe partnered with Natural Capital Partners, a leader in this field and partner to multiple blue-chip organizations including Microsoft and Sky.”
Speaking about the status, Philip McHugh, CEO at Paysafe, stated achieving carbon neutrality is a critical milestone for the company as well as part of Paysafe’s environment program and holistic approach to corporate responsibility:
“We set out to achieve this milestone several months ago and I’m very proud to be announcing it today on Earth Day as people around the world discuss the importance of climate action.”
Paysafe then concluded the three sustainability projects that it has committed to are water filtration and improved cookstoves in Guatemala; community reforestation in East Africa; and renewable energy development through wind power in West India.