Sorare partners with Plan A and Blisce to build the world's first net-zero game. The climate strategy includes disclosing its blockchain-related emissions, developing a comprehensive decarbonisation strategy and automated reporting of its carbon footprint.
Exciting news for the Web3 and NFT industry. Sorare, the leading global fantasy sports game, announces a long-term partnership with leading carbon accounting, decarbonisation, and ESG reporting platform Plan A as part of their sustainability strategy.
Sorare, the French Unicorn, has already reduced its corporate carbon footprint by 99% by migrating the vast majority of its transactions within the Ethereum blockchain to the more efficient Layer 2 network and aims to align its decarbonisation efforts to a long-term net-zero strategy. As part of the decarbonisation strategy, Sorare will fully offset its unavoidable carbon emissions by the end of 2022 with the long-term objective of reaching net-zero by 2025.
Credit: Sorare
Sorare uses non-fungible technology (NFT) to allow users to collect, trade, and play with digital cards of real-life players and store them on the Ethereum blockchain. While the technology ensures the highest levels of transparency and security for gaming, it is often associated with environmental challenges as it consumes large amounts of electricity. Sorare has partnered with Plan A to tackle these challenges through automated reporting of its Scope 1, 2, and 3 emissions for 2021 and beyond.
The partnership will also focus on developing and implementing a science-based long-term net-zero strategy by (1) reducing emissions in its value chain and (2) investing in high-quality carbon offsets for emissions which can not be reduced starting this year. This is fundamental to the organisation's long-term mission to set the industry standard for sustainable practices among blockchain technology companies.
"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 community, we want to ensure that we do so responsibly and sustainably. Our goal is to turn Sorare into a net-zero company and, in the process, set new standards for other companies utilising blockchain technology." Nicolas Julia, CEO and co-founder of Sorare.
99% Emissions reduction due to technological innovation
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:
Source: Plan A Platform
The significant 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 central blockchain architecture, the so-called Layer 1. To reduce this high electricity consumption, Sorare migrated most of its transactions within the Ethereum blockchain to the 2,000 times more efficient Layer 2 (overlaying network) in July 2021 and decreased the associated emissions by 99 per cent, significantly reducing its corporate carbon footprint.
Bringing decarbonisation to the Web3 industry
Sorare is committed to further reducing its emissions as it continues its rapid growth. It will leverage Plan A Platform's technology to understand the emission hotspots of its operations and derive science-based decarbonisation targets and a long-term net-zero strategy. The first initiative was to move its Ethereum blockchain operations to Layer 2 in July 2021.
Sorare is 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.
Discover more details about Sorare and Plan A's partnership. Showcase your sustainability leadership by partnering with us. Book a demo today.
