Potential offtaker

Snap Inc.

www.snap.com

Estimated electricity consumption

N/A

Countries of production presence

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Snap Inc. is a social media company based in the United States of America that operates in the advertising revenue sector. The company is known for its popular mobile application, Snapchat, which allows users to share photos and videos that disappear after a short period. The company was founded in 2011 by Evan Spiegel, Bobby Murphy, and Reggie Brown, and has since grown to become a major player in the social media industry.

Snap Inc. has a strong commitment to sustainability and decarbonisation. The company has set ambitious goals to reduce its carbon footprint and increase its use of renewable energy. In 2019, Snap Inc. became carbon neutral, meaning that the company has offset all of its greenhouse gas emissions. The company achieved this by purchasing renewable energy credits and investing in carbon offset projects.

In addition to its commitment to decarbonisation, Snap Inc. is also focused on corporate energy management. The company has implemented energy-efficient practices in its offices and data centers, which has resulted in significant energy savings. Snap Inc. has also implemented a corporate power purchase agreement (PPA) to ensure that the energy it uses comes from renewable sources. This PPA allows the company to purchase renewable energy at a fixed price, which provides stability and predictability in its energy costs.

Snap Inc. has also invested in renewable energy projects. In 2019, the company announced that it had signed a 20-year agreement to purchase 100% of the electricity generated by a solar farm in Virginia. This project will provide Snap Inc. with a reliable source of renewable energy and will help the company achieve its sustainability goals.

Snap Inc. is committed to reducing its environmental impact and has set ambitious goals to achieve this. The company has committed to reducing its greenhouse gas emissions by 25% by 2025 and has set a goal to source 100% of its electricity from renewable sources by 2025. These goals demonstrate the company's commitment to sustainability and its role in addressing climate change.

In addition to its sustainability efforts, Snap Inc. is also focused on innovation and creativity. The company is known for its unique and innovative approach to social media, which has helped it stand out in a crowded market. Snap Inc. has also invested in new technologies, such as augmented reality, which has the potential to revolutionize the way people interact with social media.

Snap Inc. has a strong corporate culture that values creativity, innovation, and diversity. The company has a diverse workforce and is committed to creating a workplace that is inclusive and welcoming to all employees. Snap Inc. also has a strong commitment to social responsibility and has implemented programs to support local communities and charitable organizations.

In conclusion, Snap Inc. is a social media company based in the United States of America that operates in the advertising revenue sector. The company is committed to sustainability and has set ambitious goals to reduce its carbon footprint and increase its use of renewable energy. Snap Inc. has implemented energy-efficient practices, a corporate PPA, and has invested in renewable energy projects. The company is also focused on innovation and creativity and has a strong corporate culture that values diversity and social responsibility. Snap Inc. is a leader in the social media industry and is committed to making a positive impact on the world.