We’re partnering with Plan A to build world’s first net-zero gaming company
We will fully offset our unavoidable carbon emissions by the end of 2022 with the long-term objective of reaching net-zero by 2025
We are excited to share our new partnership with Plan A, the leading carbon accounting, decarbonisation, and ESG reporting platform, as part of a long-term sustainability strategy.
In July of 2021, we reduced our corporate carbon footprint by 99 percent by migrating the vast majority of our transactions within the Ethereum blockchain to the more efficient Layer 2 network. Our long-term ambition is to align our decarbonisation efforts to a long-term net-zero strategy.
Sorare cards are backed by non-fungible technology to ensure scarcity, authenticity and true ownership. While the technology ensures the highest levels of transparency and security for gaming, it is often associated with environmental challenges as it used to consume large amounts of electricity, before the Ethereum migration known as the “The Merge’’, from “proof-of-work” to “proof-of-stake”. See below for how The Merge changed Ethereum’s energy consumption.
The partnership with Plan A will also focus on developing and implementing a science-based long-term net-zero strategy by:
(1) reducing emissions in our value chain
(2) investing in high-quality carbon offsets for emissions which can not be reduced starting this year.
As the Plan A Initial Emissions Report shows, Sorare has a total carbon footprint of 133,643 tCO2e for 2021. Broken down by Scopes and emission activities, the following picture emerges:
The major share of Sorare’s emissions — which generally applies to tech and digital companies — comes from Scope 3, in particular from Category 1 (purchased goods and services) as a result of the gas consumed to conduct the platform operations in the underlying main blockchain architecture, the so-called Layer 1. To reduce this high electricity consumption, we migrated the majority of its transactions within the Ethereum blockchain to the 2,000 times more efficient Layer 2 (overlaying network) in July 2021 and was able to decrease the associated emissions by 99 percent, significantly reducing its corporate carbon footprint.
We are committed to further reducing its emissions as we continue our rapid growth. We will leverage Plan A Platform’s AI to understand the emission hotspots of our operations and derive science-based decarbonisation targets and a long-term net-zero strategy. We’re now planning to shift to green mobility and introduce policies for business trip reduction and vendor selection to reduce its office and transport-related emissions.
Sorare is a business created to have a global impact on behalf of sports fans, players and teams but, as we grow our game and our community, we want to ensure that we are doing so responsibly and sustainably. Our goal is to turn Sorare into a net-zero company and in the process to set the industry standard for sustainable practices among companies utilising blockchain technology. We’re delighted to partner with Plan A to help us achieve this and we look forward to working with them to meet our net-zero ambitions in a scientifically robust and strategic way.
