How we enable CO2-neutral investing
Our mission is to make the crypto market easy and accessible for everyone without impacting our planet. We aim to provide CO2-neutral crypto investments to make tomorrow's world a better place. Thus, we are offsetting the emissions of all trades associated with our portfolios. Together with Offsetra, we completely CO2-neutralised all of our portfolios, so you can invest and protect our planet at the same time.
How Are We Offsetting? You Decide!
In collaboration with Offsetra, we support high-quality initiatives for CO2 reduction. We left the choice of which projects and technologies to support up to our community and ran a poll on our social media channels. The vote was clearly in favour of forest protection and wind energy. Accordingly, we decided to support the following projects:
"Weyerhaeuser - Uruguay"
Based in Eastern Uruguay, the project involves various forest areas that were previously used to graze herds of cattle. Grazing large herds of cattle is a form of land use that causes severe soil erosion and degradation. Thus, the project aims to replant the damaged area with native trees and will monitor forest development to ensure growth, forest health and fire risk.
"Shandong Wendeng Zhangjiachan Wind Farm Project - China"
The project in eastern China aims to harness wind power resources for electricity generation by building a wind farm in the city of Wendeng. It will replace grid-connected fossil fuel power plants in the northern Chinese power grid, resulting in a reduction in fossil fuel consumption.
By supporting the Weyerhaeuser initiative and the Shandong Wendeng Zhangjiachan wind farm project, we offset 420,000 kilograms of CO2 emissions. It is important for us to invest only in verified green projects. These verifications and standards are evidence of the high added value of the projects, including biodiversity protection and social programs for local communities.
As a company, we understand, that everybody has to start acting to protect our planet. Therefore, we aim to set a standard for the entire crypto industry and will be offsetting our emissions yearly as part of our mission to protect the environment.
How Did We Calculate Our Emissions?
We started off by calculating the total amount of carbon emissions that are produced by trading our portfolios. The main footprint comes from transactions that occur on a normal basis like deposits, portfolio switches, rebalancing or withdrawals. We have offset all CO2 emissions from crypto transactions to date, meaning all emissions from the founding of Coinpanion until the third quarter of 2021. We will monitor all future emissions and continuously offset them by supporting verified projects. Moreover, you will always decide which projects we will be supporting!
To find out more about our partner, the projects and to view our certificates, explore here.