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Mode signs Crypto Climate Accord
Mode signs Crypto Climate Accord.
About this update from R8 Capital Investments Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9379I\n Mode Global Holdings PLC\n 18 August 2021\n \n \n \n \n Mode Global Holdings PLC\n \n \n (\"Mode\" or \"the Company\" or \"the Group\")\n \n \n \n \n \n Mode commits to net-zero emissions from crypto-related operations before 2030\n \n \n \n \n \n ● Mode becomes an industry leader in the crypto industry by signing the Crypto Climate Accord (\"CCA\") and agreeing to reduce net emissions from its cryptocurrency activities before the end of the decade \n \n \n ● Mode has also agreed to be a pioneer in a CCA trial to test new digital solutions to accelerate the decarbonisation of the cryptocurrency sector\n \n \n ● Mode establishes a Sustainability Committee to target net-zero emissions from all other business activities\n \n \n \n \n \n Mode Global Holdings PLC (\"LSE:MODE\"), the LSE-listed Fintech Group, is pleased to announce that it is launching a range of initiatives to tackle its carbon footprint with an ambition to be a sector leader in its environmental responsibility.\n \n \n \n \n \n The Company has firstly become a signatory of the CCA. This commits Mode to achieve net-zero emissions from all energy consumption related to cryptocurrency, and prove this decarbonisation by 2030. Mode is already working on plans to achieve carbon neutrality significantly ahead of this date.\n \n \n \n \n \n The CCA is a private-sector led initiative inspired by the [Paris Agreement on climate change], that is focused on developing open-source solutions to enable the decarbonisation of the cryptocurrency industry. Co-founded and convened by three non-for-profit organisations - Energy Web, RMI, and Alliance for Innovative Regulation, the CCA has already attracted support from over 150 companies. \n \n \n \n \n \n Mode will also become a pioneer user of Energy Web's new digital platform Energy Web Zero - a publicly accessible search engine for digitised renewable energy and carbon products - that is intended to accelerate the sector's progress towards net zero. Mode's participation on Energy Web Zero will provide useful feedback to Energy Web and ensure it meets the needs of the cryptocurrency sector. The results and insights from Mode's use of Energy Web Zero will be shared and made public. \n \n \n \n \n \n Mode is determined to demonstrate climate action leader...