September 28, 2020
Manufacturing marketplace Xometry has announced it will provide its customers with an estimate of the carbon footprint of every order and offer the customer carbon credits to offset those emissions.
According to the company, Xometry has been offsetting carbon from its own operations since February 2020. Each time a package is shipped from Xometry or a Xometry Manufacturing Partner, the company works with Dot Neutral, an organization focused on connecting businesses with carbon emission offset initiatives, to invest in sponsoring a wind farm in Texas. The program has already offset 1.4 million pounds of carbon, according to the company.
“It is important for Xometry and its customers to help in the battle against climate change,” said Randy Altschuler, Xometry's CEO. “Through our partnership with Dot Neutral, we have already offset enough carbon to charge 83.3 million smartphones. We are excited to grow this program by offering our customers transparency about the total carbon footprint of their orders and give them the opportunity to offset it. We will continue to look for even more ways to improve our environment while transforming custom manufacturing.”
Xometry recently raised $75 million from investors including T. Rowe Price, ArrowMark Partners, and Durable Capital Partners. The company will use a portion of these funds to increase investment in environmental sustainability initiatives.
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