Interactive Brokers has launched its new feature, Carbon Offsets, through its collaboration with clients in Western Europe, Hong Kong and Singapore, according to a press release.
“Sustainability and environmental consciousness are not isolated aspects; they speak to a collective culture. A culture that is aware of the interconnected nature of our global community,” ESG director at Interactive Brokers, Will Peterffy, said in a press release. “As a result, we continue to develop products that are in service to this collective culture.”
According to the press release, the mobile trading app, intended to facilitate sustainable investing, is accessible through IMPACT for “IB IE, IB UK, IB HK and IB SG” clients.
Investors will now have the option to select various greenhouse-gas emitting activity options or set a specific amount of carbon to offset harmful greenhouse gas emissions produced by routine air travel and other activities.
“Carbon Offsets makes it easy for our clients to participate in the emerging collective culture dedicated to stewarding our planet while investing in companies that further align with their values through the IMPACT app,” Peterffy said in the release.
The global electronic broker specializes in sourcing and retiring carbon credits at their assigned agencies to allow investors to reduce their carbon footprints.