Glovo claims to be first carbon-neutral player in the delivery industry – Silicon Republic

The delivery company also entered into a partnership with offset marketplace Pachama to purchase carbon credits that supported the Brazil Nuts Concessions and the Madre de Dios forest preservation projects in Peru, and the Jari Pará Forest Conservation Project in Brazil.

Finally, the company partnered with carbon finance consultancy group South Pole to expand its compensation initiatives in order to cover 100pc of its emissions.

Glovo is now looking to new targets to significantly reduce its carbon emissions by 2030.

“Achieving our goal of becoming carbon neutral is the start of our climate journey at Glovo.

Founded in 2015, Glovo hit unicorn status in 2019 after raising €150m in Series E funding.

Last year, the Intergovernmental Panel on Climate Change highlighted the devastating long-term effects of climate inaction.

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