Prosus and Naspers sign The Climate Pledge

Prosus and Naspers sign The Climate Pledge

Prosus and Naspers sign The Climate Pledge, a commitment to reach net zero carbon emissions by 2040 – 10 years ahead of the goal set out in the United Nations’ Paris Climate Agreement.

The Climate Pledge is a community of leading businesses committed to transformational action in addressing critical climate challenges. Founded by Amazon and Global Optimist in 2019, the 375+ signatories to The Climate Pledge play a critical role in stimulating investment in the development of low-carbon products and services.

As we sign up to The Climate Pledge, we are committing to:

• Measure and report greenhouse gas emissions on a regular basis.
• Implement decarbonisation strategies in line with the Paris Agreement through real business change and innovation, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies.
• Take actions to neutralise any remaining emissions with additional, quantifiable, real, permanent and socially-beneficial offsets to achieve net zero annual carbon emissions by 2040.

“As a new signatory of The Climate Pledge, we reaffirm our commitment to lead in the transition towards a greener economy. The Climate Pledge is a unique platform to drive urgent joint action, to address the most critical climate challenges” said Prajna Khanna, Global Head of Sustainability at Naspers and Prosus.

As a global consumer internet group and a leading long-term technology investor, Naspers and Prosus recognise the power of technology to create solutions for some of the world’s most pressing needs, such as climate action. Our portfolio of asset light, digital platforms, can support the transition to a lower carbon economy by providing alternatives to traditional brick and mortar businesses and support for circular-economy innovations.

• Our education technology platforms are enabling digital access to a range of learning opportunities to millions of people without the need for physical travel or extended infrastructure.
• Our classifieds businesses are enabling a wider systemic transition to the circular economy.
• Through our Prosus Ventures arm and our early-stage tech investment vehicle, Naspers Foundry, we are increasing our focus on sustainable investment themes, such as agriculture technology and education technology.

Enhanced environmental disclosure is a key element of our commitment to net zero, and a demonstration of the importance we attach to climate stewardship across the group. We have made significant steps in the last two years on our disclosure of environmental data, using the GHG Protocol framework.

Further details of our climate action strategy can be found here:
Task Force on Climate-related Financial Disclosures (TCFD) disclosures
Mapping our environmental footprint
Boundaries and scope of our greenhouse gas accounting