DALLAS, Dec. 14, 2021 /PRNewswire/ -- Match Group
(NASDAQ: MTCH) announced today its business will be carbon neutral
by March 2022 following the purchase
of offsets that effectively make the company's operations carbon
neutral beginning with the year 2021 lasting through the subsequent
two years. With this purchase, which is based on projected
greenhouse gas emissions, the company commits to offsetting its
corporate footprint for each year going forward.
"Sustainability is a core foundational principle that all
companies should care about. There's no future if we do not have a
livable planet to hand over to our children and grandchildren,"
said Shar Dubey, CEO of Match Group.
"This is the beginning of our actions to reduce our business impact
on the environment."
To achieve carbon neutrality, Match Group is investing in
Hyundai Green Power Corporation, which captures and recycles waste
gases to generate electricity through its Hyundai Steel Waste
Energy Cogeneration Project. The site's steel mill reuses waste
gases created through the steel production process, and what
remains is consumed by the project's power plant. The recovered
gases supply energy to the local grid in Dangjin, South Korea, that would otherwise be sourced
from fossil fuels, reducing air pollution and resulting in an
estimated reduction of 1.8 million tons of carbon emissions per
year.
Match Group has made the implementation of eco-friendly
strategies a primary objective at the corporate and brand levels,
with specific focus on promoting environmentally sustainable habits
and practices within the organization and providing opportunities
for employees to take part in environmental initiatives within the
community. Earlier this year, Match Group released its first Impact
Report, which outlined the company's social, environmental, and
governance performance for 2020. The company plans to share more
about its environmental impacts and reduction strategies in future
Impact Reports.
Match Group brands have also taken steps to reduce their
environmental footprint, from installing green power solutions and
compost receptacles at their facilities, to organizing hackathons
around eco-friendly design. In 2020, Match Group's France-based dating brand Meetic started the
process to become ISO 14001 certified for its environmental
management system.
About Match Group
Match Group (NASDAQ: MTCH), through
its portfolio companies, is a leading provider of digital
technologies designed to help people make meaningful connections.
Our global portfolio of brands includes Tinder®, Match®, Meetic®,
OkCupid®, Hinge®, Pairs™, PlentyOfFish®, OurTime®, Azar®, Hakuna
Live™, and more, each built to increase our users' likelihood of
connecting with others. Through our trusted brands, we provide
tailored services to meet the varying preferences of our users. Our
services are available in over 40 languages to our users all over
the world.
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SOURCE Match Group