Small business solutions platform Xero has gone carbon neutral. The accounting giant announced it has offset 100 per cent of its carbon emissions by investing in carbon certified environmental projects and conservation schemes across the globe.
The brand says this move will balance out the carbon emissions produced by its operations and major suppliers for the 2018-19 financial year. Dubbing the initiative Net Xero @ Xero, the company has committed to maintaining its carbon neutral position in the future.
Xero CEO Steve Vamos said Xero takes sustainability very seriously and Net Zero is just one element of the overall picture for the company.
“After focusing our efforts on social and environmental impact in 2019, we’ve been able to achieve a net zero carbon footprint and do so retrospectively for the last financial year.”
“Net Zero @ Xero is just one step on our journey to ensure we are doing our part to look after the environment and set ourselves up for long-term sustainability and success. We will be introducing more initiatives to optimise our carbon footprint so that ultimately, we are reducing our impact – not just offsetting it. This includes looking at ways we can deliver efficiencies with our data centre usage through suppliers, global premises, our people and our supply chain.
“The investments and commitments we are making are driven by our people, customers, partners and shareholders. There is a passionate force across our Xero community that keeps us accountable and striving to keep improving, I’m proud of this and excited about the journey we’re on.”
To achieve net-zero emissions for its FY19 carbon footprint, Xero has selected premium forestry offsets for more than two-thirds of the total footprint including the Katingan Mentaya Project in Borneo. This world-leading forestry project protects critically endangered species and is home to ten per cent of the global population of the Bornean orangutan.
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