he accreditation was achieved following extensive data gathering and independent third-party verification, including the implementation of new measurements that take into account the impact that COVID-19 has had on business practice. Paysafe’s 2021/2022 CarbonNeutral certification, factors in a ‘home office carbon footprint’ calculation for every employee with the plan to move to a more hybrid working model by 2022.
Following said accreditation, Paysafe had pledged to offset the impact of its carbon footprint by financing sustainability projects in developing countries. In order to identify said projects, it worked together with Natural Capital Partners conducting the proper assesment and finally committed to sustaining Community Reforestation in East Africa; the Acre Amazonian Rainforest REDD+ portfolio in Brazil and Sindh Wind Power in Pakistan.
Paysafe has also embarked on a number of employee engagement initiatives including sharing sustainability tips for the home and providing plant-based cookery courses.
The CEO at Paysafe, Philip McHugh, said: “Like many other companies, the pandemic has had a dramatic impact on our carbon footprint, however the return to physical office locations and international travel will happen in time and we can expect to see carbon emissions rise again. Meanwhile, we will continue to capture data based on home working carbon emissions and offset that as part of our pledge to sustainability. Bottom line, we are committed to supporting ongoing carbon reduction in the long-term and our environmental programme forms a central part of our approach to corporate responsibility and our commitment to doing business the right way.
Concurrently, Rebecca Fay the Chief Marketing Officer at Natural Capital Partners added: “We are very pleased to support Paysafe in the achievements of its environment programme as it commits to four years as a carbon neutral business. Even after what the world has experienced over the past year, the need for climate action has not changed. Carbon neutrality is a critical step to achieving the global transformation of our economy and should be a priority for businesses everywhere. It’s great to see international companies like Paysafe making and meeting commitments to being environmentally responsible.”