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Etsy

Photograph by David Williams for Fortune

    An online retailer makes a carbon-offset promise, and others follow suit.

    Etsy is finally profitable, and new CEO Josh Silverman is thinking more deeply about the company’s social role. Earlier this year, Etsy became the first e-commerce platform to offset 100% of shippers’ carbon emissions by funding carbon-reduction projects. Because it’s difficult to control emissions from shipments Etsy doesn’t handle itself (its sellers do the shipping), “offsets are really a viable and credible way” to address them, says Adam Klauber of the Rocky Mountain Institute. Etsy may also be inspiring others: 3Degrees, a firm that helps companies (including Etsy) reach sustainability goals, says it has seen an uptick in inquiries since Etsy’s announcement.

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    Company Information

    Country
    U.S.
    Headquarters
    Brooklyn
    Impact Segment
    Environmental Impact
    Sector
    Retailing
    Industry
    Internet Services and Retailing
    CEO
    Joshua Silverman
    Websitehttp://www.etsy.com
    Company Type
    Public
    Ticker
    ETSY
    Prior Year Rank-
    Revenues ($M) (Last Fiscal Year)$604
    Profits ($M) (Last Fiscal Year)$77
    Market Value ($M) as of 8/12/19$6,622
    Employees874

    Refinitiv Sustainable Leadership Monitor