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Leading cloud banking platform, Mambu has announced it achieved carbon neutral status for 2019 as part of its wider environmental, social and governance (ESG) commitment.

This achievement is part of the company’s vision to be amongst the most impactful platforms in the fintech era, which goes beyond its offerings and encompasses the environment and communities it works with.

“Achieving carbon neutrality in 2019 was an important first step for us. After completing an audit where our carbon footprint was assessed and calculated, we went through an exercise to find effective ways to offset and reduce our footprint going forward” said Mambu co-founder and CEO, Eugene Danilkis.

“We do realize that offsetting 1500 tons of CO2 is not a silver bullet, which is why it is important to emphasize this is just one first step of a bigger programme and commitment towards a more sustainable future."

To achieve the certification “Carbon Neutral Company”, Mambu implemented the Greenhouse Gas Protocol (GHG) to account for its emissions in different scopes, including travel, electricity, water consumption and office supplies. The executive team then chose to offset the company’s 1500 tons of CO2 - mostly related to air travel by selecting a certified reforestation project which also benefits communal job creation in Panama.

“Our aim is to maintain and improve the environment in which we live and pass on this positive impact to future generations to live great lives. Globally we are establishing environmental, social and governance (ESG) targets that borrow from UN sustainable development goals. These will include measures on gender equality, poverty alleviation and well-being, but also measure our climate impact and set targets to reduce our footprint,” says Danilkis.

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