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Cabify will use blockchain technology to offset the carbon footprint

Cabify announced it would use blockchain technology to offset its carbon footprint. To do this, the company worked with ClimateTrade, a fintech pioneer in developing a blockchain marketplace. The news comes this Tuesday as they state that they are stepping up their commitment to the environment by using blockchain technology in their carbon offsetting project and expanding their initiatives to new countries.

According to the International Energy Agency and C40 cities, road transport accounts for 11.7% of global greenhouse gas emissions, and urban centers account for 70% of that. Cities are also the key to solving climate change, which must be on the way to decarbonising mobility.

This mobility company is the only company that offsets its carbon footprint in Latin America

Cabify was the first company in this sector in Latin America and Spain to offset 100% of the emissions caused not only by its business activity but also by emissions from users and companies through the application (carbon neutral) they have this commitment in three years Maintain the sequence, they explain from the company.

Cabify will use blockchain technology to offset the carbon footprint
Cabify will use blockchain technology to offset the carbon footprint

With that in mind, they add that “Cabify has offset more than 310,000 tonnes of CO2 through environmental protection projects during that time, the equivalent of 280 car trips from Buenos Aires to São Paulo or protecting 12 million trees in the EU Amazon rainforest. At the same time, it does Companies with a commitment of 15% per year advances emissions reduction and promotes the electrification of fleets in 2025 in Spain and in 2030 in Latin America, including Colombia. “

For this reason, the company is already working on the integration of the API (Application Programming Interface) developed by Climate Trade, with which the carbon footprint per trip of users and companies in Colombia who travel with the application can be tracked. This allows users to see in real time the footprint that is created during their trip, and Cabify compensates for this and transparently promotes the acquisition of carbon-neutral services.

Juan de Antonio, CEO and co-founder of Cabify, assures that in “The complex times in which countries, cities and municipalities currently find themselves are not slowing down the speed, but are motivating more than ever to make a decisive commitment to mobility and sustainable city models. “

The complex times in which countries, cities and municipalities currently find themselves are not slowing down the pace, but are more than ever motivating people to work resolutely for sustainable mobility.

And adds that “We are sticking to our progress and our commitment to the electrification of the fleet and at the same time want to ensure that we achieve a positive impact with the corresponding local projects that goes beyond the CO2 neutrality achieved three years ago and also promotes human development. of the communities to whose everyday life we ​​belong ”.

Francisco Benedito, CEO of ClimateTrade, said the same “At ClimateTrade, we want to complement Cabify in managing sustainable mobility and, through the contributions of its customers, achieve the greatest impact on the climate. This alliance will make it possible to transparently accredit the company’s carbon neutrality and to create a unique tandem in an international context to improve the health of the planets. “

Cabify has been a member of the United Nations Global Compact since 2018

Since 2018, Cabify has been the first and only company in the industry in Europe and Latin America to offset 100% of the emissions that are not only caused by its business activities but also those that result from user and company trips through the application (climate-neutral), which have maintained this commitment for three years in a row.

During this time, Cabify has offset more than 310,000 tons of CO2 through environmental protection projects, which corresponds to the protection of 12 million trees in the Amazon rainforest. At the same time, with a commitment of 15% per year, the company is making progress in reducing emissions and promoting the electrification of fleets in Spain in 2025 and in Latin America in 2030.

Cabify has adhered to the United Nations Global Compact since 2018 and has aligned its sustainability strategy with the 2030 Agenda and the Sustainable Development Goals. In addition, the company is committed to the European Environmental Pact, through which the European Union wants to be climate-neutral by 2050 and reduce net greenhouse gas emissions by 90%.

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