PASADENA, Calif., May 24, 2022 /PRNewswire/ -- OpenX Technologies, Inc., a pioneer and leader in advertising technology, today announced that it is the first ad exchange to be independently certified as carbon neutral as part of the company's ambitious path to a more sustainable future. The "OpenX Path to Net-Zero" is a comprehensive and ongoing initiative that confirms OpenX's place at the forefront of the digital advertising industry.
Achieving CarbonNeutral® company certification by Natural Capital Partners, specialists in carbon market solutions for climate action, is one part of a long-term sustainability strategy OpenX launched when it became the first and only independent cloud-native ad exchange in 2019. That move was followed by two years of intensive optimization efforts in partnership with the Google Cloud Platform (GCP) and through additional OpenX efficiency innovations.
Joining other leading international companies, OpenX recently became a signatory of the Science Based Targets initiative (SBTi) and has already met the key criteria of the SBTi Net-Zero standard, far ahead of the 2030 and 2050 targets most companies have set. While companies can achieve carbon neutral status simply by offsetting their existing emissions, the SBTi Net-Zero Standard requires them to reduce emissions by more than 90 percent and only then offset the residual emissions through verified carbon removal offsets.
A critical part of the SBTi Net-Zero Standard is to include significant emissions across a company's value chain. In the case of digital ad exchanges, the greatest energy expenditure occurs through the use of an ad marketplace; therefore it is important that the associated emissions are also inventoried, verified, reduced, and offset as OpenX has done. With this achievement, OpenX possesses a distinctly differentiated and more strategically compelling offer to web publishers and advertisers than other exchanges.
"Business must play a lead role in addressing climate change and creating a more sustainable future for all stakeholders, including people and the planet," said John Gentry, chief executive officer of OpenX. "Creating this future requires innovation, which is how OpenX has been built and which has characterized our approach to this critical and necessary goal."
"In becoming the first independent ad exchange to migrate its entire tech infrastructure to the cloud, OpenX acted with foresight and urgency," said Janet Kennedy, vice president, North America Regions, for the Google Cloud. "We've worked closely with the company during the last two years to maximize both the business and sustainability benefits of the Google Cloud Platform, and we will continue supporting OpenX's leadership in this critical endeavor."
Following the U.S. Securities and Exchange Commission's upcoming ruling requiring public companies to make specific climate-related disclosures, OpenX is in a unique position to help these companies meet their sustainability goals through the decarbonization of the OpenX Exchange for their digital ad campaigns and by facilitating the reporting of their emissions. OpenX will continue to innovate by developing new products for programmatic ad buys that will further reduce the energy intensity of ad auctions. The company expects to introduce the first of these "carbon-light" products later this year.
"We are fully aligned with the climate goals and commitments of our customers and partners, while making it easy for them to report how they are improving every aspect of their value chain," notes Mr. Gentry. "At the same time, we'll urge other exchanges and platforms to follow our lead. Being carbon neutral by simply purchasing cheap carbon credits and continuing business as usual is not enough. That is why OpenX has set the bar high in becoming a Net-Zero company."
OpenX's own path to Net-Zero is framed by its commitment to the SBTi, organized by the United Nations Global Compact to help leading companies align their actions with the Paris Climate Accords of 2015. Through this pledge, OpenX is also recognized as a Business Ambition for 1.5°C campaign member, joining nearly 1,500 leading companies that have committed to achieving emissions reductions in line with the most recent scientific calls to reduce global warming levels to less than 1.5°C.
"In this journey, we're moving at the speed of OpenX and with full transparency," says Mr. Gentry. "Marketers need to know that they now have certified carbon neutral options due to OpenX innovation and leadership. We will maintain our position on the cutting-edge of sustainable business practices in the digital advertising market by being recognized as a true Net-Zero company."
Summary of Today's Announcement
- OpenX has achieved CarbonNeutral® company certification by Natural Capital Partners and has committed to complying with the SBTi Net-Zero standard. OpenX has already met the key criteria to be a Net-Zero company many years ahead of targets set by most companies.
- Migrating all of its technology infrastructure to the Google Cloud Platform has allowed OpenX to operate its ad exchange with far more computing and energy efficiency. Since its cloud migration three years ago, the company has reduced its carbon footprint by more than 90 percent.
- The SBTi Net-Zero Standard requires companies to reduce their emissions by more than 90 percent and then use high-quality offsets for the remainder. As a signatory of the SBTi pledge, OpenX has reduced its emissions beyond this level and has chosen to offset the remainder with projects that remove carbon from the atmosphere.
- OpenX has gone beyond the minimum requirements for CarbonNeutral® company certification to include the use of its products and services in the company's carbon accounting. The company believes all adtech enterprises – a number of which are themselves subject to the new, upcoming SEC carbon disclosure requirements – should include energy consumed and carbon emitted in the use of their exchanges because it is where the greatest use of energy occurs.
- Additionally, OpenX's "carbon-light" products now in development will consume less energy than standard programmatic ad buys and offer marketers a viable option for a more environmentally friendly ad exchange.
OpenX is a pioneering leader in advertising technology, helping create a world where the open web thrives. The company powers advertising on web, mobile and connected TV formats, enabling marketers to reach their target audience across OpenX's global network of publishers. OpenX works with more than 30,000 advertisers across every connected screen and device, reaching nearly one billion consumers – including a quarter-billion unique consumers in the U.S. – and processing more than one trillion transactions globally every day. OpenX has been certified as a CarbonNeutral® company and is on a path to becoming one of the first companies in the world to achieve Net-Zero status.
SOURCE OpenX Technologies, Inc.