CTW09.19-42. Etsy
Etsy CEO Josh Silverman at the company’s Brooklyn headquarters.PHOTOGRAPH BY DAVID WILLIAMSPhotograph 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.

    Company Information

    CountryU.S.
    HeadquartersBrooklyn
    Impact SegmentEnvironmental Impact
    SectorRetailing
    IndustryInternet Services and Retailing
    CEOJoshua Silverman
    Websitewww.etsy.com
    Company TypePublic
    TickerETSY
    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