Razer Collaborates with STACS to Enable Customers to Offset their Carbon Footprint

Published on: 09 November 2022
by KnowESG
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Razer, a company that makes lifestyle products for gamers, is working with ESG fintech firm STACS to launch Restorify, an e-commerce service with traceable carbon-neutral checkout.

The partnership gives Razer customers around the world the power to be responsible consumers by letting them offset their own carbon footprints when they buy Razer products.

These individual offset transactions would be recorded digitally on STACS' ESGpedia registry, making the whole carbon credit value chain easier to track and more open.

In the future, Razer plans to offer the Restorify service to partner merchants as well as collaborate with STACS on decarbonisation throughout their supply chain.

The Monetary Authority of Singapore's Greenprint ESG Registry, one of the four digital utility platforms that make up Project Greenprint, is also run by STACS' ESGpedia registry.

Razer Fintech, the company's financial technology arm, is in charge of Restorify. In the past, Razer Fintech has launched a Visa prepaid card and offered insurance to its users.

Min-Liang Tan, Co-founder and CEO of Razer, said:

"In our own journey to net zero, we have realised that there are growing pains and that not all carbon credits are equal. With Restorify, we hope our novel approach towards carbon credits will foster greater accountability and transparency within carbon offsetting."

Benjamin Soh, Managing Director of STACS, said:

"STACS aims to enable corporates of all sizes to navigate the opportunities in going green via holistic ESG data and technology. We are honoured to be partnering with Razer in its journey towards spearheading sustainability amongst consumers via enhancing transparency in its carbon credits processes."

Source: Fintech News Singapore

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