Material Bank signs climate pledge
NEW YORK, Sept. 19, 2022 (GLOBE NEWSWIRE) — Material Bank, the world’s largest market for architectural, design and construction materials, today announced its commitment to The Climate Pledge. Material Bank has transformed the architecture and design industry by allowing members to search over 450 brands on one website, order samples until midnight ET, and receive all materials in one box before 10:30 a.m. the next morning. Built with sustainability at its core, the platform reduces massive amounts of waste in the sampling process. By signing The Climate Pledge, the company is taking its commitment to sustainability one step further, going beyond industry standards to make climate health and decarbonization a top priority.
Co-founded by Amazon and Global Optimism in 2019, The Climate Pledge is a corporate pledge to achieve net zero carbon emissions by 2040, a decade ahead of the Paris Agreement’s 2050 target.
Signatories of The Climate Pledge commit to:
- Regularly measure and report greenhouse gas emissions
- Implement decarbonization strategies in line with the Paris Agreement through real business change and innovation, including efficiency improvements, renewables, material reductions, and other emissions elimination strategies of carbon
- Neutralize all remaining emissions with additional, quantifiable, real, permanent and socially beneficial offsets to achieve annual net zero carbon emissions by 2040
“We are thrilled to be part of this hugely important initiative that challenges businesses to move beyond the status quo and act now,” said Adam I. Sandow, Founder and CEO of Material Bank. “The seriousness of climate change is something we cannot ignore, and we hope that our bold commitment to achieving net zero carbon emissions by 2040 will inspire the wider design community to continue to reassess and innovate in matter of environmental impact.”
In addition to signing the pledge, Material Bank is also expressing its commitment to reduce Scope 1 and 2 emissions by 38% by 2030, compared to the 2021 base year, in line with the Science Based Targets initiative. In 2020, Material Bank launched an effort to offset 100% of carbon emissions from all sample shipments and to date has offset over 2.6,000 metric tons of C02e. The same year, the company also launched the Carbon Impact Program, a free corporate initiative, supporting design companies on their sustainability specification journey. The program provides companies with custom search filters, sustainable sampling metrics, and powerful digital tools to quickly search and sample sustainable materials.
By consolidating material samples from hundreds of manufacturers into one patented package, Material Bank has eliminated the shipping of more than 2.6 million packages. The platform supports a more circular economy through initiatives like its sample take-back program, which offers free return packaging so samples can be returned for reuse. More than 50% of returned samples are put back for redistribution and since its launch, Material Bank has diverted more than 200,000 pounds of samples from landfills.
About the Material Bank
Material Bank is a marketplace for design professionals and brands in the architecture and design industry, offering the fastest and most sustainable way to find, sample and specify materials. Named as one of Business Interns The hottest Proptech startups and Forbes‘Best Startup Employers, the revolutionary platform enables complex searches of hundreds of brands in seconds. Samples ordered before midnight (ET) are delivered in a single box by 10:30 a.m. the next day. With a rapidly growing community of members, Material Bank has changed the way materials manufacturers and brands connect with the architecture and design industry.
About the Climate Pledge
In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years earlier and be carbon-free by 2040. Today, more than 375 organizations have signed The Climate Pledge, sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information, visit www.theclimatepledge.com.
Proud signatory of The Climate Pledge
Material bank platform