Big Companies that Have Pledged to Go Carbon Neutral!

May 17, 2022
|In Crypto 101
|By admin

Climate change and increasingly scarce fossil fuel sources are weighing on the minds of every big corporation and their investors. As a result, industry leaders across the board are shifting towards operations that have a much smaller net carbon footprint.

Many leaders in the crypto mining industry, for example, have begun the process of shifting to low carbon operations. However, big strides in carbon minimalization must still be taken by some of these companies to become truly green, and only a few of them are leading the pack.

BlockQuarry Corp (BLQC), for example, is at the forefront of green Bitcoin mining. The company seeks to not only be a leader in eco-friendly crypto mining… but is, right now, taking “going green” a huge step further.

Because the company already mines Bitcoin at net carbon-zero and has pledged (and pre-paid) to plant at least 1,000 trees, the company could actually have a positive impact on the environment.

Think about that for a moment.

BlockQuarry may be among only a handful of publicly traded CARBON NEGATIVE Bitcoin mine hosting companies. Just a handful!

Now, we understand many crypto miners still have a long way to go in greening up operations, but carbon negative is something every company should strive for…

Or, at the very least, strive for carbon-neutral operations.

Below are some large tech and DeFI companies that have taken eco-friendly advocacy to heart, protecting our planet while future-proofing their operations in the process.

While it’s inspiring to see BlockQuarry is taking its eco-friendly operations to the next level, the following companies should also be commended for their efforts in environmental stewardship.

Microsoft

The leading software giant was one of the first tech corporations to announce its carbon neutrality in 2020. In January of that year, Microsoft announced its plan to shift towards more eco-friendly processes. The company announced an investment of $1 billion towards its shift to using 100% green energy. According to the company, the target year to go fully green in its operations is 2030.

The announcement came to the surprise of very few, especially considering how Microsoft has remained largely “green” in its company processes. According to the United Nations Climate Change Report, Microsoft has been reliant on sustainable sources of energy since 2013, using them to power 95% of the company’s industrial processes in the years since.

Verizon

Telecommunications companies are also pledging to go carbon neutral, with Verizon leading the movement within the industry. Verizon’s sustainability efforts are well-documented, with the earliest initiatives dating back to 2016. According to a 2019 press release by the telecommunications giant, Verizon eliminated as much as 28% of its carbon emissions in 2016 alone. In 2019, Verizon announced that it would be fully carbon neutral in 2035.

Aside from that, Verizon’s carbon reduction initiatives have resulted in the Energy Star certifications of 278 corporate hubs. The company’s $1 billion allocations also funded the formation of Green Teams in 44 of the company’s corporate locations.

IBM

IBM is one of the most recent companies to announce its carbon emission reductions, with its announcement coming in February of 2021. Like Microsoft, the long-time tech giant pledges zero carbon emissions by 2030.

However, even with the later announcement, IBM has been working towards reducing its emissions for decades. Setting its base year at 2010, the company aimed to reduce its gas emissions by as much as 65%. By 2025, the company will resort to renewable energy sources, reducing fossil fuel reliance by another 10%.

One way that the company aims to achieve this is through the optimization of its cloud data storage infrastructure; they seek to accomplish this through a combination of hybrid computing and AI. IBM states that the data storage optimization will cut energy usage and carbon emissions significantly.

Apple

Apple’s pledge toward being carbon neutral can be found within the company’s environmental progress report. The report also contains Apple’s three-pronged strategy for carbon emission reduction and sustainable product designs.

A major component of Apple’s carbon neutrality strategy is its resource management. According to the environmental progress report, Apple aims to achieve its environmental targets through smarter water stewardship and using zero waste materials for landfill disposal.

Another part of its resources strategy is material selection. To reduce its carbon footprint, Apple will be sourcing materials from sustainable companies for the forthcoming designs of iPhones and Apple Watches.

Overall, Apple’s goal is to reduce carbon reliance and emissions to 25% of its levels from 2015. Apple CEO, Tim Cook, expressed his hopes for other companies within the tech field to follow suit.

Algorand

Blockchain technology is notorious for its consumption of fossil fuels. Sustaining a system, let alone fueling crypto mining, consumes a lot of electricity. With carbon emissions becoming a pain point for many blockchains, Algorand fills a niche for carbon neutral blockchain tech.

Algorand’s sustainability approach and efforts have made it one of the earliest DeFi projects to pledge not only carbon neutrality, but like BlockQuarry, its pledging carbon negativity. By doing this, Algorand seeks to become another sustainable solution to the blockchain by partnering with the likes of GaiaChain and Climate Trade.

Cardano

As the crypto market’s fifth-largest cryptocurrency, Cardano isn’t just a potentially valuable digital asset; but because of the Cardano Foundation’s pledge toward carbon reduction, it may also be one of the more carbon neutral digital coins.

The Cardano Foundation’s namesake token was the brainchild of one of Ethereum’s co-founders, Charles Hoskinson. According to Cardano’s founder, Cardano achieves green mining with its Proof-of-Stake protocol that requires users to participate in the blockchain network.

Participation is allowed with the purchase of Cardano coins rather than protocols within nodes, which reduces the use of fuel and electricity and the currency’s carbon footprint.

BlockQuarry Corp: The Forefront of carbon negative Crypto Mining

While the above companies are lauded for their efforts to keep our planet healthy, perhaps no company deserves more accolades than BlockQuarry and its already carbon-zero crypto mine hosting operations. But by planting at least 1,000 trees (the company says that’s just the beginning), BlockQuarry is hoping to become carbon negative, actually reducing the amount of CO2 in the atmosphere…

Which could make the company a game-changing leader in true, green and eco-friendly crypto mining.

Sources

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