Karma Wallet and 1% For The Planet
As a Member of 1% for the Planet, we donate 1% of revenue to environmental nonprofits changing the world. Here’s how it works!
October 4, 2023
Since day 1, we knew we wanted to use Karma Wallet to create meaningful change. And while we have a ton of initiatives we’re working on with our community – we also know that being a part of a larger movement amplifies our impact. It’s for that very reason that we’re a proud member of 1% for the Planet!
What is 1% for the Planet?
1% for the Planet is a global movement and nonprofit organization that was founded in 2002 by Yvon Chouinard, the founder of Patagonia, and Craig Mathews, the owner of Blue Ribbon Flies.
The core idea behind this initiative is simple yet powerful: businesses and individuals commit to giving at least 1% of their annual sales or income to environmental causes.
This 1% commitment may seem small, but when multiplied across a network of businesses and individuals worldwide, it has the potential to drive significant positive change for our planet.
Since its inception, 1% for the Planet has facilitated over $500 million in support for environmental initiatives and nonprofit organizations dedicated to preserving and protecting our natural world – and the people on it.
1% for the Planet Impact
Collective action adds up. Here’s what 1% has accomplished so far – with huge goals for the future.
- $500+ million in certified giving. They have big goals to hit $1 billion in giving in the next 5 years!
- 112+ countries represented
- 5,700+ business members
- 6,300+ environmental partners
A Shared Vision
We recognize that the well-being of our environment is not just a responsibility but also an opportunity to make a positive impact. By joining 1% for the Planet, we are reinforcing our dedication to this vision.
Concrete Action: Being a part of 1% for the Planet allows us to turn our commitment to the environment into tangible action. It’s not just about making promises; it’s about contributing real resources to environmental causes that matter.
Network of Impact: Through 1% for the Planet, we have access to a vast network of like-minded businesses and individuals who share our passion for environmental sustainability. This network provides opportunities for collaboration, knowledge sharing, and collective efforts to drive positive change.
Accountability: Being a member of 1% means we are held accountable for our commitment to the environment. We report on our contributions, ensuring transparency and demonstrating our dedication to our customers and the wider community.
Inspiration for Others: We hope that our participation in 1% for the Planet inspires other businesses and individuals to take similar steps towards environmental responsibility. Small actions, when multiplied, can have a profound impact.
Karma Wallet’s 1% Commitment
Our commitment to 1% isn’t just lip service; it’s an integral part of our company culture.
We also encourage our team members to actively participate in local environmental initiatives, volunteer work, and educational programs. Plus, we’re a remote-first company – reducing carbon emissions across our team.
We believe that businesses have a responsibility to contribute to the well-being of our planet, and we are proud to do our part.
Together, with organizations like 1% for the Planet, we can work towards a more sustainable and ecologically responsible future. Join us in making a difference, one percent at a time.
Learn more about our Impact below!