Ripple Signed The Climate Pledge With A Commitment To Protecting The Environment

Ripple, along with hundreds of other businesses, is a blockchain company at the forefront of efforts to create a greener future.

Indeed, Ripple announced on September 20 that it had signed the Climate Pledge, joining over 375 other companies in pledging to achieve net-zero carbon emissions by 2040 in order to build a more sustainable future.

The Climate Pledge, co-founded by Amazon in 2019, includes businesses from 51 industries and 29 countries that have pledged to achieve net-zero carbon emissions ten years before the Paris Agreement.

According to Ripple:

“When it comes to the climate crisis, crypto must do its part to help build a more sustainable future. Yesterday, we signed the ClimatePledge and joined 375+ businesses that are prioritizing the planet.”

Hewlett Packard Enterprise, Salesforce, Visa, IBM, Microsoft, Coca-Cola, Unilever, Best Buy, Mercedes-Benz, Rivian, Verizon, and many more are also signatories.

The reduction of carbon emissions is not the only future-oriented mission that those with Ripple connections are involved in. Jed McCaleb, one of its co-founders and former chief technology officer, announced the launch of his new space enterprise, Vast, in mid-September, with the goal of building “human habitation in space.”

Meanwhile, Ripple is being sued by the Securities and Exchange Commission (SEC) for the issuance of the XRP cryptocurrency, which the SEC claims occurred without its approval because the tokens are securities, costing the blockchain company more than $100 million in legal fees, according to its CEO Brad Garlinghouse.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

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