IMPT, a leading carbon-offsetting ecosystem, has closed a sourcing deal worth up to €50 Million to purchase carbon credits from blockchain-based carbon credit marketplace Thallo. 

The deal will see IMPT purchase carbon credits with an anticipated value of €50 million over 10 years. At current market prices, the deal will help to offset some 12 million tonnes of carbon over a 10-year period – equivalent to the carbon footprint of nearly 2.6 million people globally.

Founded in 2022, IMPT is a global carbon-offsetting ecosystem designed to connect leading retail and e-commerce brands with socially conscious individuals and businesses seeking to reduce their carbon footprint.