Friday, July 26, 2019

A very different company

Ecosia, a German company that has been around for ten years, donates 80% or more of its surplus income to non-profit organizations that focus on reforestation and conservationism. Its revenue comes from advertisements which are generated by its search engine that is used by 7,000,000 people who communicate in several languages. For every 45 inquiries conducted on its search engine, Ecosia has a seedling planted somewhere on the world. They want to fight climate change by using plants to remove CO2 from the atmosphere. 

It also publishes monthly financial reports and tree-planting receipts on its web site. These show exactly how much money was made from searches, and what percentage of revenue went towards trees.

It pays no dividends to the owners.

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