Welcome to the Purple Technology family

Both Purple Technology and Toroto understand that the most important problem we must address as a society is climate change. That's why we're so excited to announce that both companies are working together to neutralize Purple Technology's carbon footprint.

Purple Technology, a finance and technology outsourcing company, has been able to identify for 9 years that the best thing they can focus on is generating value for society. As they say, “It's people we care about”. Now, following that same path, Purple Technology decided that an additional way to achieve this is by neutralizing its carbon footprint.

To do this, Purple Technology went through a measurement process, during which, despite the COVID-19 health crisis, it showed great interest in identifying its sources of emissions and measuring them.

Although Purple Technology is a company located in Brno, Czech Republic and Toroto is a Mexican company, confinement, distance and communication were not a challenge either to demonstrate an enormous commitment to people and to the planet, or to measure their carbon footprint. With specific emission factors for the Czech Republic and with the emission sources identified and classified in the different scopes established by the GHG Protocol, Purple Technology's carbon footprint in the 12-month period between August 2019 and July 2020 was measured and subsequently reported in an emissions inventory. Not only was this carbon footprint 100% offset (making Purple Technology an emission-neutral company), but it is also 59% comprised of scope 3 emissions.

Scope 3 emissions are those indirect emissions that a company has no control over and yet are part of its value chain. This means that in addition to measuring and compensating the emissions from their use of electrical energy and fuel, emissions from business trips, the transportation of the company's employees and even the home office, which part of the Purple Technology team already used before COVID-19, were also taken into account. In this way, Purple Technology made it clear that when it comes to a crisis, only those who are truly committed demonstrate their leadership.

Purple Technology's decision to carry out a process of measuring, reporting and compensating its carbon footprint is more related to generating value for society than one might normally believe. Purple Technology's carbon neutralization was carried out with carbon certificates from forestry projects in Oaxaca, Mexico, where residents have the opportunity to see a significant reduction in inequalities and the creation of new economic opportunities and to maintain and protect their lands through the production of environmental services.

Purple Technology also acquired services from Toroto that demonstrate that combating the climate crisis is more effective with the integration of technological and communication tools:

Some of these tools are:

1. A platform where they can compare their carbon footprint with other companies in the same sector.

2. They will be able to track their carbon footprint.

3. Actions Purple Technology can take to further reduce its carbon footprint.

4. Learn about the forests they support to offset their carbon footprint. (GRAY)

As you can see, Purple Technology and Toroto are fully invested in creating a future for everyone. With that said, we're very excited to have Purple Technology join us.