1、Climate report1 1Company sustainability21Climate solutions3Merchants and buyers20232ContentsClimate reportIntroduction1.Climate solutionsRenewable energyClean fuelsCarbon removal2.Company sustainabilityCarbon-neutral operationsCarbon-neutral platform3.Merchants and buyersPlanet appBlack Friday Cyber
2、 MondayShop Pay34567131416171821232023 Climate Report3IntroductionShopify backs climate entrepreneurs.Shopify allows anyone regardless of technical ability and experience to start,scale,market,and run a retail business of any size.Millions of merchants across more than 175 countries turn to us to po
3、wer their commerce ofgerings online,in store,and everywhere in between.But commerce can only thrive in the long-term if our planet thrives too.Its now been five years since we launched Shopifys Sustainability Fund in late 2019.Our fund was created to house all of our environmental investments and in
4、itiatives.We committed to spend a minimum of$5M annually on the most promising,impactful technologies and projects fighting climate change globally.We placed a bet that the world would need carbon removal at massive scale to stave ofg the worst impacts of climate change.Five years later its clear th
5、at it was an important bet.Weve made great strides,having signed contracts totalling$55.7M across 39 companies to deliver 84.4k tonnes of durable carbon removal.When we started on this journey there was no carbon removal to buy and now were seeing signs of an emerging market.While progress has been
6、made,there is more to do on the way to a fully decarbonized and sustainable future.This report provides an update on our 2023 Sustainability Fund initiatives.Commitment areaClimate solutionsAllCompany sustainabilityMerchants and buyers$5M spent annually$1M on Carbon removalCarbon-neutral operationsC