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Add a carbon offset when you check out with Razer's latest green initiative

By Ken Wong - on 9 Nov 2022, 10:19am

Add a carbon offset when you check out with Razer's latest green initiative

From left to right: Vikram Rao, Head of Enterprise, AWS, Kimberly Lee, Carbon Solutions Lead, STACS, Ng Lay San, Head, GoNetZero of Sembcorp Industries, Lee LiMeng, CEO at Razer Fintech, Kenneth Ng, Sustainability Lead at Razer. Image source: Razer.

Razer is letting consumers and businesses be as green as its logo with a new sustainability initiative Restorify.

While carbon offsets can be difficult to trace, Restorify aims to rebuild trust around carbon offsets by only allowing traceable offsets with realised decarbonisation effects to be used by consumers. Consumers can choose a project to offset emissions from those aggregated by Razer partners like GoNetZero to trace the carbon credits from origination to retirement, over cloud computing platform, Amazon Web Services (AWS).

Image source: Razer.

An e-commerce service rolled out by Razer Fintech, Restorify lets consumers fractionalise carbon credits so they can be made when a consumer pays for their online purchases.

Image source: Razer.

During a media briefing, on the launch of Restorify, the company said that they started this initiative by listening to the concerns of their customers over climate issues and their willingness to take accountability for the products they buy and how they're made.

Image source: Razer.

The traceable carbon-neutral shopping cart offered by Restorify will let the consumer know the carbon footprint of the product they’re buying. When they check out, they can decide whether they want to offset the purchased products by purchasing carbon credits.

Image source: Razer.

Upon purchasing the carbon credits, consumers will receive a certificate detailing the total amount of carbon emissions that have been offset by their purchase, what kind of project the retired credits have supported and in which country, and the certification standard. These individual fractionalised transactions are digitally recorded onto the ESGpedia registry where consumers can track their carbon offset efforts.

For example, Restorify will let buyers of a Sneki Snek Plushie know they can buy a carbon offset certificate for US$0.03 and support carbon offsetting projects that are monitored and reported on regularly for progress to assure the consumer of the integrity of the carbon credits.

 

Opening up Restorify to others

Image source: Razer.

Restorify also gives businesses access to a product emissions calculator that helps businesses estimate their carbon footprint based on a product’s emissions across its life cycle as Razer wanted to provide businesses with the means to calculate their product's carbon footprint and to evaluate the environmental impact of their products through the ECOLOGO Certification, Environmental Product Declaration Certification, or Product Carbon Footprint Verification using Razer’s ecolabel partner, global safety science leader, UL Solutions.

Restorify is already live on Razer’s web store, with the company announcing plans to open it to other businesses to integrate Restorify into their existing platform for their own customers to make their own carbon offset purchases.

Razer’s ultimate goal is to be net zero by 2030 and has adopted ‘Life Cycle Thinking’, meaning it seeks to reduce emissions across the key stages of its products’ lifecycles, from mineral sourcing to manufacturing, transportation to end-of-life.

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