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Press release content from Business Wire. The AP news staff was not involved in its creation.

North Lane Expands Its Corporate Sustainability Commitment Through Its Carbon Reduction Initiative

December 23, 2020 GMT

PHILADELPHIA--(BUSINESS WIRE)--Dec 23, 2020--

Payments technology leader North Lane Technologies (North Lane) today announced it has been named a “Certified Carbon Fighter” by Cool Effect, the Bay Area based 501(c)3 nonprofit focused on fighting the climate crisis.

North Lane has partnered with Cool Effect since 2019 to offset the company’s carbon emissions. Cool Effect invests in carbon reduction projects that protect and regenerate the world’s forests and improve ocean health. With carbon and temperature levels rising to unsustainable volumes year after year, North Lane is committed to expanding its corporate sustainability efforts and impact.

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North Lane offset its entire 2020 carbon footprint, a total of 1,741.000 tonnes. The contribution offsets carbon emissions from all travel, including commuting, in both 2020 and 2021. The daily commuter emits 20.6 tonnes of carbon annually, so North Lane will continue to encourage and actively support remote work as well as additional ways to reduce the company’s overall carbon footprint in 2021.

“As responsible global citizens, the employees of North Lane feel it is our duty to support efforts to protect and preserve the planet,” said Seth Brennan, CEO of North Lane. “We knew offsetting our carbon footprint was an important and immediate step we could take to become a more environmentally conscious company and join in the critical efforts to slow climate change.”

For more information on North Lane’s corporate social responsibility efforts, please visit https://www.northlane.com/corporate-social-responsibility.

ABOUT NORTH LANE TECHNOLOGIES

Headquartered in Pennsylvania, North Lane Technologies, Inc., is a payments technology leader, managing customer, employee and corporate payouts and disbursements across the Fortune 500. North Lane is purpose-built for large enterprise payments. Highly configurable and tooled for rapid deployment, the North Lane platform offers cutting-edge digital payouts to virtual cards, prepaid cards, deposit accounts, and mobile wallets on a global scale. www.northlane.com

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ABOUT COOL EFFECT

Cool Effect is a San Francisco Bay Area 501(c)3 nonprofit dedicated to reducing carbon emissions around the world by allowing individuals, businesses, organizations and universities to create a tangible impact on climate change by funding the highest quality carbon reduction projects that are verifiably and measurably reducing global warming emissions. The organization was founded by Dee and Richard Lawrence on their passionate belief that support of carbon offset projects will create a cumulative effect that will reduce and prevent carbon pollution. Like the Butterfly Effect, The Ripple Effect, and others, a single action can have global impact. To learn more, please visit cooleffect.org or follow Cool Effect on Facebook, Instagram, LinkedIn and Twitter.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201223005275/en/

CONTACT: Amber Roberts

Vested:northlane@fullyvested.com

KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT ENVIRONMENT TECHNOLOGY OTHER TECHNOLOGY FINANCE BANKING

SOURCE: North Lane Technologies

Copyright Business Wire 2020.

PUB: 12/23/2020 09:18 AM/DISC: 12/23/2020 09:18 AM

http://www.businesswire.com/news/home/20201223005275/en