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Klarna announces multi-million contribution from internal carbon tax for game-changing climate impact solutions; shares progress on emissions reduction
Later this year, Klarna will allocate a portion of its $2.35 million contribution to new projects* developing innovative climate solutions for carbon removal, selected together with its strategic partner Milkywire as part of the Climate Transformation Fund:
A portion of Klarna's contribution will also be distributed to organizations the company has supported previously, including Husk, Silicate and InterEarth, as well as to the other parts of Milkywire's Climate Transformation Fund.
said Maurice Bryson , Founder and Director, Silicate.
said Robert Höglund, Climate Fund Manager, Milkywire.
In addition to sponsoring impactful projects, Klarna continues to make progress in reducing its own emissions. Klarna's absolute carbon footprint decreased by 3.75% in 2022 compared to 2021, driven by steady improvements in reducing emissions from purchased goods and services as well as capital goods. Klarna also achieved its goal of ensuring that all of its office locations reach 100% renewable energy usage at the end of 2022, two years earlier than planned. By 2030, Klarna aims to reduce 50% of its carbon-intensity-based emissions in line with the Paris Agreement, and by 2040, the company aims to operate at net-zero.
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1) Klarna intends to support the new organizations listed. Klarna, along with strategic partner Milkywire, a planet health-tech platform, selected these new initiatives for The Climate Transformation Fund after reviewing submissions from over 250 organizations following an open call for applications.
2) Klarna follows the guidelines from the GHG Protocol Corporate Accounting and Reporting Standard, and the Corporate Value Chain (Scope 3) Accounting and Reporting Standard. The internal carbon tax is set at $100 /tonne for all scope 1, 2 and travel emissions (remaining scope 3 emissions set at $10 /tonne). This resulted in $2,35 million to support climate projects in 2023 and a total of $5.07 million since 2021. For more information, visit https://www.klarna.com/international/sustainability/climate-solutions.
:
Adaline Colton
+1 (614) 429-9125
press@klarna.com
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