Carbon Initiative

We ended 2019 with carbon-neutral operations. Your company can too.

Anthropogenic climate change is one of the defining issues of our time.

The Issue

Human-caused (known as anthropogenic) climate change has been accelerating at an unsustainable pace for the past century - in large part due to an increased concentration of carbon dioxide in the atmosphere. Why are carbon dioxide concentrations on the rise? The combustion of fossil fuels by humans.

Scientific Consensus


Ninety-seven percent of climate scientists agree that climate warming is extremely likely due to human activities.

Temperature Increased

1.62 Degrees

‍Since the late 19th century the earth's average temperature has risen 1.62 degrees Fahrenheit, driven largely by an increase in carbon dioxide in the atmosphere

Ice Sheets Are Shrinking

286B Tonnes

Rising global temperatures have lead to a mass decrease in the Greenland and Antarctic ice sheets. With the Antartic's losses tripling in the last decade.

Sea Levels Are Rising

8 Inches

In the last century, global sea level have risen 8 inches. Nearly double the rate of the century prior.


What Impact Does a Software Company have on the climate?

Well the simple answer is - more than you would think. The inputs that go into a business to make it operate require energy and in many places that energy comes from the burning of fossil fuels. Software companies have employees that commute to the office and travel to visit clients, rely on data centers to run their code, have their offices heated and cooled and source inputs from vendors that all have their own carbon emissions.

What We Did
In 2019, we analyzed what it would take to become a carbon-neutral company.

0 TCO2e

Scope 1 - Direct Emissions

Includes emissions that occur from sources that are owned or controlled by Lending Loop. As an early-stage software company, we do not have any direct emissions.

2.6 TCO2e

Scope 2 - Indirect Emissions

Includes emissions that are a result of the generation of purchased electricity necessary to operate our Lending Loop offices in downtown Toronto.

40.26 TCO2e

Scope 3 - Other Emissions

Scope 3 emissions are a consequence of the activities of operating Lending Loop, but occur from sources not owned or controlled by us. We decided to focus on employee commuting, business travel, marketing and servers.
Climate Change & Environmental Initiatives
And committed to minimizing our environmental impact

Carbon-Neutral Operations

To offset Lending Loop’s 2019 carbon footprint, we conducted a carbon audit and purchased 43 tonnes of verified carbon offsets.

Recycling & Composting Programs

In 2019, Lending Loop began a waste diversion program in partnership with Wastenot Farms that allows us to divert all recyclables and compostable waste from landfills.

Dedicated Environmental Team

We have a dedicated team in place to ensure Lending Loop is continuously thinking about how we can reduce our environmental impact.

Curious about what you or your company can do?

We reached our goal now it's your turn. If you're interested in spearheading a carbon initiative or sustainability program at your company or want to hop on-board a rocket ship that cares about the environment, check out the resources below.