Net Zero by 2030

Our net zero commitment

At Zumo, sustainability is one of our founding values and baked into the core of what we do. Zumo’s  three-pillar net zero strategy sets out the roadmap to an extremely ambitious target of net zero by 2030, encompassing Zumo’s operational and value chain carbon footprint (Pillar 1) , and the blockchains that Zumo and our clients interact with (Pillar 2).  We recognise that we cannot do this alone, and are active in various forums to try and push the entire digital assets ecosystem towards net zero (Pillar 3).

Zumo Oxygen, our pioneering solution to help financial institutions, fintechs and enterprise clients differentiate themselves by aligning their digital asset activities with net-zero principles, is a key part of our net zero strategy. But we recognise that there is much more to do, and we continue to work hard to evolve our strategy and offering.  We will share our progress annually via our ESG report.

Our three-pillar commitment

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Control
Impact
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Zumo the company
Zumo the company

Zumo commits to quantifying, reducing as far as possible, and offsetting the remainder of our Scope 1, 2 and 3 emissions.  This applies from the day we were founded.

 

  • This includes all indirect emissions including business travel, staff commuting, working from home, purchased goods and services and capital goods.
  • We will achieve this by avoiding emissions where possible, reducing the remaining emissions as far as possible, and transparently offsetting any residual emissions using a certified scheme.
Zumo and the blockchain
Zumo and the blockchain

We will quantify, mitigate and disclose the electricity consumption associated with our digital asset activity, and develop products and services to enable our clients to do the same.

 

  • We have identified and will continue to investigate the best ways to compensate for the carbon footprint of digital asset activity.
  • Through our Oxygen offering, we will continue to develop the products and services to enable our clients to align their offerings with net zero principles.
  • We will inform and engage our customers relating to the electricity usage of blockchains (see Driving Sectoral Change for further information about our work in this area).
Zumo and the wider ecosystem
Zumo and the wider ecosystem

We will work with industry partners, engage in knowledge sharing, and be active in driving the sector forward to address the carbon footprint of our industry.

 

  • We will actively contribute to supporting industry-wide commitments, driving conversation and shaping the sector frameworks and guidelines that allows localised action to translate into lasting impact across the ecosystem (see Driving Sectoral Change for further information about our work in this area).
Got a question?

Drop us a line to find out more about our solutions and any of our initiatives in the ESG space.

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