Helping reduce the impact of climate change is a top priority at PayPal.
PayPal's commitment to purchasing solar energy has resulted
in new renewable energy generation in Arizona.
While global business leaders work towards a carbon-neutral economy, it’s important to make use of current technological advances to help make an immediate difference. One example is the efficiency of a global payments network in a disaster-relief scenario. Earlier this year, PayPal and its partners raised over AUD$100 million to support local charities that responded to the bushfires in Australia. The use of solar power is another example. Solar energy is a clean resource that is abundantly available and companies across all industries are experimenting with it in their efforts to innovate. PayPal has made significant investments in solar energy. Our efforts have resulted in a 10 per cent reduction in total greenhouse gas emissions last year, driven mainly by growth in our data center use of solar and other renewable energy sources.
As PayPal employees across the globe embrace Climate Week and take actions towards a more environmentally sustainable lifestyle, I’m reminded that the smallest of our individual actions can have a critical impact on accelerating collective solutions to the world’s most challenging problems.
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