OUR CORPORATE RESPONSIBILITY
21Shares has been carbon neutral since its founding
Our Commitment
21shares 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.
Milestones
Having achieved Carbon Neutrality in 2023
Carbon Calculations
We 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.
Minimize Our Footprint
We 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.
Sustainably Neutral
We 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 Projects
Based on our carbon footprint, we finance climate protection projects to take responsibility for our products and business functions. Our contributions support global climate protection projects that include cleaner power generation, reforestation efforts and access to clean water. These projects are designed to protect our planet for future generations and adhere to the United Nations Sustainable Development Goals (UN SDG). Among others, our yearly contribution benefits projects like Clean Drinking Water for Schools in Uganda and Small-Scale Farmers Reforest Forests in Uganda.
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