Shopify Climate Report 2023

May 22, 2024

This climate report from Shopify for 2023 outlines the company’s initiatives and progress in addressing climate change, including efforts to support Carbon Dioxide Removal solutions.

Shopify has committed $55 million to 39 carbon removal suppliers, aiming to purchase 84,400 tonnes of durable carbon removal.

The company is a founding member of Frontier Climate, an advance market commitment consortium committed to buying over $1 billion of permanent carbon removal by 2030.

Key developments in the carbon dioxide removal space include:

    • New market entrants with novel approaches
    • Improved technology development and deployment
    • 52.4% of suppliers now have protocols for carbon credit issuance
    • Increased government support and policy development

Read full report here