Mode Global Holdings has made a commitment to achieve net zero emissions from all energy consumption related to its cryptocurrency operations by 2030.
It is working on plans to tackle its carbon footprint and achieve carbon neutrality “significantly ahead” of this date.
The company has also become a signatory of the Crypto Climate Accord (CCA), a private sector-led initiative focused on developing open-source solutions to enable the decarbonisation of the cryptocurrency industry.
In addition, Mode will become a user of Energy Web’s new digital platform Energy Web Zero, a publicly-accessible search engine for digitised renewable energy and carbon products intended to accelerate the sector’s progress towards net zero.
Ryan Moore, CEO of Mode said: “There is no reason why any crypto or payments platform should be contributing to climate change. We believe that our customers should be able to invest in Bitcoin and rest easy that they are not harming the environment. We all need to urgently play our part to reduce global emissions – including businesses.
“We are launching a range of commitments to combat climate change and to be an industry leader. I am proud that we have signed the Crypto Climate Accord and agreed to be a trial user of Energy Web’s carbon reduction platform.
“We are fully committed to being carbon neutral in our crypto activities by 2030 and our new Sustainability Committee will quickly develop a plan of action to ensure that we deliver on our commitment.”