Rubik Financial first ASX-listed company accredited as carbon neutral

Rubik Financial first ASX-listed company accredited as carbon neutral

For the past six months Rubik Financial, the Bank-in-a-Box technology provider, has been working with the Carbon Reduction Institute (CRI) to understand its carbon footprint.

The CRI audit assessed Rubik electricity usage, business flights, fuel usage, waste, staff business travel and commuting and the embodied emissions in assets and expenses.

“As a result of the audit, Rubik made the decision to become carbon neutral. All emissions are now offset by purchasing carbon credits from the Karnataka Renewable Energy Project in India,” says Rubik CEO, Brent Jackson.

The Karnataka Renewable Energy Project generates renewable energy from clean burning waste agricultural products such as rice husks. This ensures residual crops do not rot and produce methane. The energy generated negates the need for electricity produced from fossil fuel. Local farmers are paid for the waste, providing them with additional income. The project reduces greenhouse gas emission by more than 30,000 tonnes of CO2 per year.

“The team at Rubik is proud to not only reduce our carbon footprint but to also contribute to a better community for the farmers involved in the Karnataka Project,” continues Jackson.
“Many of Rubik customers are credit unions. By the nature of their business, credit unions tend to be socially and environmentally aware. Many are active in sustainability and community driven projects. It is important to Rubik that our ethos and actions complement those of our customers,” explains Jackson.

“Companies using Rubik technology now have peace of mind that the solutions they providing to their customers has produced no emissions,” says Jackson.

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Tags carbon footprintgreencarbon neutralRubik FinancialCarbon Reduction InstituteRFL

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