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PayPal Pledges to Reach Net-Zero Greenhouse Emissions by 2040

Payments giant is seeking fintech solutions for climate change
Investors, consumers are pushing firms to address the problem

Sri Shivananda — Sri Shivananda
Photographer: Josie Lepe/Bay Area News Group via Getty Images

By

Jennifer Surane

April 6, 2021, 4:08 PM UTC

PayPal Holdings Inc. said it would achieve net-zero greenhouse-gas emissions by 2040 as it looks for ways financial technology can prevent climate change.

The payments giant also vowed to use renewable-energy sources to power its data centers by 2023, and pledged to reduce its operational greenhouse gases by 25% by 2025. The promises are part of PayPal’s commitment to help limit global warming to no more than 1.5 degrees Celsius, the most ambitious goal of the Paris Agreement.