Etsy has announced its ambitions to reach Net Zero carbon emissions by 2030.
The ecommerce marketplace’s reduction objectives will cast the widest net possible to ensure it is reducing both direct and indirect carbon impacts. This is why it will be addressing not only Scope 1 and 2 emissions, including office operations and purchased energy, but also Scope 3 emissions, which can include seller activities like shipping and packaging.
The reduction objectives will follow the protocol of the Science Based Targets Initiative, and will include a 50% absolute reduction in Scope 1 and 2 greenhouse gas emissions and a 13.5% absolute reduction in Scope 3 greenhouse gas emissions.
Efforts to reach this ambitious goal will touch every corner of the Etsy business and require buy-in from teams and partners around the globe. Alongside the many actions it is already taking to lessen its carbon footprint, Etsy will be increasing its focus on a sustainable supply chain, furthering its advocacy for the decarbonization of the logistics and transportation sector, and examining opportunities for cleaner fulfilment.
Josh Silverman, CEO at Etsy, said: “Climate change remains an ever-present threat to our environment and humanity, and we are bound and determined to do everything within our power to not only offset, but to reduce our overall carbon footprint.
“Etsy’s trailblazing integrated reporting model enables us to share impact updates alongside our financial results, reflecting our strong belief that our performance and impact are inextricably linked. As always, we’re committed to holding ourselves accountable and maintaining transparency as we push toward a net zero 2030.”
Today’s announcement follows a long run of ambitious goals from the business to manage its ecological footprint. In recent years, these include powering the Etsy marketplace with 100% renewable electricity and running zero waste operations globally. The marketplace became the first ecommerce company to offset carbon emissions from shipping in early 2019.