Our Sustainability Commitment | 21SharesCorporate
21Shares has been carbon neutral since its founding
Corporate
Responsibility
21Shares has been carbon neutral since its founding
Our Commitment21Shares believes that the crypto market should be accessible to everyone while also being sustainable.
Since its founding in 2018, 21Shares has been fully carbon neutral (i.e. Scope 1, 2 and 3) with all commercial operations, travel, office usage, on-chain crypto transactions, and upstream components required to make our products and business function offset by green initiatives.
Projects include cleaner power generation, reforestation efforts, and coral reef protection, all designed to protect the world for future generations.
Since its founding in 2018, 21Shares has been fully carbon neutral (i.e. Scope 1, 2 and 3) with all commercial operations, travel, office usage, on-chain crypto transactions, and upstream components required to make our products and business function offset by green initiatives.
Projects include cleaner power generation, reforestation efforts, and coral reef protection, all designed to protect the world for future generations.
MilestonesHaving achieved Carbon Neutrality in 2023
Q3 2021
Carbon CalculationsWe assess the company’s entire transaction history in order to calculate the carbon emissions from our products. This record includes every type of transaction. Once we have determined our carbon footprint, we calculate the carbon permits we need in order to offset our emissions. Our accredited partner myclimate validates our data and uses high-quality carbon permits to offset our emissions. These carbon offsets support projects that adhere to the United Nations Sustainable Development Goals (UNSDG) standards. We continue to offset our transactions every year.
Q4 2021
Minimize Our FootprintWe assess the carbon emissions that stem from our business operations. Once we collect enough data, our partner myclimate calculates and implements effective ways to minimize our carbon footprint.
Q2 2022
Sustainably NeutralWe remain carbon neutral by monitoring and reporting our progress. When we build new products, we include them in our calculations and our carbon offsetting program.
Methods
We have developed a rigorous strategy to become carbon neutral.We continually assess the environmental impact of our products and our business operations. Using this data, we use high-quality carbon permits to offset our emissions. We calculate our footprint using the method outlined in section 2.2 of our methodology paper.
Climate ProjectsSelected projects form the MYCLIMATE portfolio
Indigenous Communities Protect Rainforest in FijiLand Use and ForestryThis carbon offset project aims at preventing further deforestation of a globally significant ecosystem. Instead of earning their living by harvesting timber, the local landowners – several Fijian clans – will establish a protected area which generates carbon credits.
Stable Power Supply Thanks to Hydropower in IndonesiaHydropowerIn Indonesia, a hydroelectric power plant is being renovated and recommissioned, and renewable power fed into the regional power supply system. Through the replacement of diesel-based power, greenhouse gas emissions are lowered.
Hydropower Replaces Fossil Fuel in VietnamHydropowerThis carbon offset project provides renewable energy in one of the poorest provinces of Vietnam. The construction of a mini hydropower plant supplies clean electricity to the national grid. The activity reduces the consumption of energy produced by coal, gas or diesel plants and thus leads to reduced carbon emissions.
