As a global business serving around 2 billion users, our potential for positive environmental impact extends beyond our own operational activities. The diversity of our businesses, geographies and customers offers a unique opportunity to empower and influence climate action in local communities.
We choose to invest in businesses that are not inherently polluting
and have the power to multiply positive environmental effects through their product offering. For example, digital payment services reduce our reliance on physical banking infrastructure and transportation, and platforms where consumers can buy and sell second-hand goods empower people to minimise their own environmental footprint.
Our classifieds businesses underpin circularity through the resale of a wide spectrum of goods
, including cars, thereby extending their life and lowering their lifecycle emissions footprint.
Accelerate to green
We use our presence – both as investor and operator – across the planet to support the acceleration to greener economies. With sound underlying principles, we adapt the execution of our environmental sustainability strategy to the diverse needs of each business segment and their energy, water and waste management.
Within the sphere of our own operations, we regularly assess the material physical and climate risks to our business and operations across all the geographies where we operate. We share the outcomes of our climate risk and opportunities mapping with our stakeholders by aligning our reporting to the guidelines provided by the Task Force on Climate-related Financial Disclosures (TCFD). Our detailed TCFD report
helps us communicate our contribution to the creation of a low-carbon and climate-resilient economy.
We invest in disruptive businesses that present greener alternatives to traditional services; for example, in online education, ride-sharing bikes and local pickup locations for last-mile delivery, which reduces delivery miles and associated emissions.
Our greenhouse gas (GHG) emissions come primarily from our office infrastructure and business travel.
Through our three-part energy strategy, we aim to;
Reduce: Identify and implement energy reduction opportunities
Replace: Switch to renewables where possible
Offset: Invest in certified standard projects to offset unavoidable emissions.
We annually report on the carbon footprint of our own operations and encourage and support our controlled entities to also report emissions resulting from their business and operations. We apply a consistent calculation methodology
across the group and participate in an audit process to obtain assurance on the emissions data reported. In 2021, we implemented an industry-leading software tool
to digitalise our data, processes, and reporting to better access, evaluate and improve our ESG performance across the group.
Our own greenhouse gas (GHG) emissions come primarily from our office infrastructure and business travel. Across the diverse business models of our controlled entities, there are variances in their emissions profile driven by their specific contexts that is evident in their GHG inventory reporting.
Our carbon footprint
Offsetting of unavoidable emissions
While we implement reduction and replacement initiatives across the group, we still have unavoidable emissions that we offset. Our offsets
are procured from certified projects around the world that help drive social, economic, and environmental progress in local communities.
As a technology investor, our overall impact on natural resources, including water, is relatively low. Geographic location of some of our businesses may raise the likelihood of physical climate-related hazards like increased water stress and drought. Each business must respond differently to mitigate specific risks and pursue opportunities within its distinct environment. Additionally, our businesses and the communities where we operate must be ready to respond to reduced water access or availability.
As a business operating principally online, we produce relatively small amounts of material waste. Businesses and segments within the Prosus group take an individual approach to managing waste within the context of the challenges of their specific activities and environment. For example, food delivery services have implemented initiatives to reduce packaging and plastic cutlery, while our classifieds businesses empower consumers to drive the circular economy by stimulating an active trade in second-hand goods.