PayPal commits to carbon neutrality by 2040

SourceThe National
SectorOil & Gas
CountryMiddle east

PayPal, which operates one of the largest ecommerce platforms globally, plans to become carbon neutral by 2040. The FinTech company aims to use 100 per cent renewable energy to run all its data centres in the next two years and reduce almost 25 per cent of greenhouse gas emissions from its operations by 2025. “We are focused on mobilising resources to reduce and abate our greenhouse gas emissions as rapidly as possible … we are already making tangible progress towards these targets,” Sri Shivananda, the company’s chief technology officer, said. Last year, PayPal matched 98 per cent of the energy in its data centres more...