Zumo confirmed on Monday (June 7, 2021) its key Signatory status of the Crypto Climate Accord (CCA), an international initiative that has been launched to harness the collective efforts of the crypto and blockchain sector to support the industry’s gradual transition to 100% renewable energy and achievement of net-zero emissions by 2040.
As one of the CCA Signatories, Zumo reports that it has agreed to work cooperatively with various other CCA Supporters on important initiatives that will aim to prioritize climate stewardship across the crypto space that seek to decarbonize the industry.
Zumo, which offers a crypto wallet and payments solution and is based in Edinburgh, Scotland, says it will offer its expertise to facilitate and accelerate the development of the operating standards, appropriate tools, and technology required to attain the goals and objectives of the Accord.
Through voluntary open-source working groups and while employing “big tent” approach, Zumo and other CCA Supporters will be able to identify important areas in which their experience and expertise can assist with driving action. They will also be engaging with relevant stakeholders, and will focus on offering ideas and targets that aim to contribute towards achieving the Accord’s vision of industry-wide decarbonization.
Nick Jones, CEO at Zumo stated:
“Zumo has been climate neutral since our inception in 2018. The industry, of course is not. However, ours in an industry evolved purely from pioneering tech innovation, and through initiatives such as the Crypto Climate Accord, we are mobilising quickly through collective responsibility towards a clean-tech future.”
As one of the first Accord Signatories, Zumo is focused on supporting proactive direct actions in order to engage in knowledge-sharing and collaborative project development with their partners to drive lower the carbon footprint of the industry.
The company’s management also mentioned that today’s announcement is mainly about sharing the news of their Signatory status and “trying to spread awareness of the Crypto Climate Accord.”
The firm’s management added that it has “ambitious plans around how and where Zumo can specifically apply knowledge and expertise and in the open-source ethos of the Accord.” The company further noted that it will “be very open about sharing our learnings and our journey both within the framework of the Accord and beyond.”
Jones also mentioned that we should “watch this space,” and that Zumo will have “much to share over the coming months and years.”