Pepperstone goes carbon neutral in FY23

Rick Steves

“Managing our carbon footprint is a key component of our Corporate Social Responsibility.”

Pepperstone wants to lead the way on becoming a Carbon Neutral organisation by the end of FY23 and set the challenge for all firms within the FX CFD space to follow suit, the FX broker revealed.

The decision follows the growing focus on climate change and pledges by the United Nations, leading countries and organizations, which have driven Pepperstone to take action.

FX broker to reduce and offset carbon emissions and offer reusable packaging

Pepperstone has partnered with Pangolin Associates, a carbon management and sustainability consultancy, to understand where the FX broker currently is and what needs to be done.

Pangolin, which has recognised certifications in Australia and the United Kingdom, will work with all levels of Pepperstone over the next six months to assess what the broker’s current carbon emissions are and what needs to be done to go carbon neutral.

Pepperstone will aim to both reduce and offset carbon emissions for a Platinum Sustainability Rating as well as reduce waste by offering reusable packaging to staff in partnership with Returnr.

Tamas Szabo, Chief Executive Officer at Pepperstone, said: “Managing our carbon footprint is a key component of our Corporate Social Responsibility. We recognise that as a global organisation, we have a responsibility not only to our employees, clients, partners and shareholders, but also to the environment that we operate in. We’re very excited to be working with Pangolin Associates and look forward to the journey ahead. We will aim to source all our power from renewable sources over time”.

Pepperstone is one of the most popular FX and CFD brokers across the globe, with subsidiaries regulated by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySec), the Securities Commission of The Bahamas (SCB), the Dubai Financial Services Authority (DFSA), the Federal Financial Supervisory Authority (BaFin) and The Capital Markets Authority of Kenya (CMA).

Pepperstone taps Kogan.com’s David Shafer and promotes Alexander Kolpokchi in Middle East

Pepperstone has recently welcomed David Shafer as Board Advisor. Mr. Shafer is CFO, COO and Executive Director of Kogan.com.

David Shafer has been brought to Pepperstone to provide guidance and advice as the trading company plans its next moves on its growth trajectory.

The industry veteran was a Senior Associate lawyer at Arnold Bloch Leibler prior to joining Kogan.com. He holds a Bachelor of Law (Honours) and a Bachelor of Commerce from The University of Melbourne.

The Australian FX broker has also promoted Alexander Kolpokchi to head its Middle East operations. The entity is regulated by the Dubai Financial Services Authority (DFSA) after securing a license in 2020 by incorporating its subsidiary in the Dubai International Financial Center (DIFC).

The DFSA license allows Pepperstone to provide its range of FX and CFDs products to retail and professional clients not only from the UAE but also to expand the offering to the other GCC states.

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