Mode Global Holdings PLC (LSE:MODE, FRA:MOC) (LSE:MODE) has inked an accord to run its crypto-related operations at net zero emissions before 2030.
The company said it is already working on plans to achieve carbon neutrality significantly ahead of that target.
It signed the Crypto Climate Accord (CCA) and has agreed to be a ‘pioneer’ in a CCA trial that will test new digital solutions to accelerate the decarbonisation of the cryptocurrency sector. Additionally, the company established a sustainability committee to target net-zero emissions from all its other business activities.
"There is no reason why any crypto or payments platform should be contributing to climate change,” said chief executive Ryan Moore. “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."
Moore added: "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."