Sustainability Report
Introduction
Sustainability is at the core of Speedy Staking’s strategy and purpose. This means we choose the most sustainable option whenever possible and over-compensate whenever a service is not carbon-neutral. Additionally, we support initiatives that reduce the global carbon footprint and help improve people’s lives in vulnerable communities by supporting sustainable development.
We do this by:
Minimising our footprint or the impact on the environment of human activity in terms of pollution, damage to ecosystems, and the depletion of natural resources[1];
Maximising our handprint or the actions one takes to positively impact the climate, over and above reducing one’s own carbon footprint[2].
One speaks about climate-positive or net-positive if a handprint is larger than a footprint.
This report will continuously be updated, providing proof in the form of reporting of our sustainability efforts. If you want to look at our general sustainability efforts and what projects we support, you can look here.
Our Servers
Speedy Staking operates a total of 8 servers. All of our servers run on 100% renewable energy[3].
The servers’ manufacturing, transportation and end-of-life carbon contributions(for a typical server) come to a carbon footprint of approximately 9552 kgCO2e over their expected lifetime of 4 years[4].
This equates to a monthly carbon footprint of 9552 / 48 = 199 kgCO2e.
Travel
2023
2024
Other
General / Office
Home office and general business operations amount to circa 200 kgCO2e per month.
Web Hosting
Speedy Staking’s website is hosted on servers that use 100% renewable energy, and the hosting provider uses 100% renewable energy for its offices. Additionally, they support green initiatives[7]. For the servers’ manufacturing, transportation and end-of-life carbon contributions(for a typical server) , used for web hosting, we will use the same numbers as for our dedicated servers. This is most likely a large overstatement of carbon contributions. This comes to a carbon footprint of approximately 1194 kgCO2e over their expected lifetime of 4 years[4]. This equates to a monthly carbon footprint of 1194 / 48 = 24.88 kgCO2e.
Gold Standard Projects
Because of our dedication to a sustainable world, we have chosen to offset through Gold Standard projects specifically. These projects not only help protect the planet from the effects of climate change but also help improve the lives of people in vulnerable communities by supporting sustainable development.
The projects we support help achieve the following UN Sustainable Development Goals[8]:
Footprint / Handprint
Footprint
Speedy staking has a fixed total measurable footprint of approximately 399 kgCO2e per month. The carbon footprint of the hardware required for web hosting is unknown but expected to be minimal compared to the dedicated servers used for running validator nodes.
Handprint
Speedy Staking retires 2 tonnes of CO2e monthly by supporting a Gold Standard project. This number will increase as Speedy Staking’s operations increase in size. This document will be updated with a link to the retiring of carbon credits every month.
2022
2023
2024
Net Positive
Speedy Staking currently has a Carbon Net Positive of 2000 – 432.875 = 1576.13 kgCO2e per month, based on its fixed carbon footprint. This is equivalent to approximately 13000km driven in a new car[9].
Sources
OxfordLanguages, "Oxford Languages and Google", accessed on November 17, 2022, https://languages.oup.com/google-dictionary-en.
Go Climate Positive, "What Is a Carbon Handprint?", accessed on November 17, 2022, https://go-positive.co.uk/what-is-a-carbon-handprint.
Worldstream, "Our Data Centers", accessed on November 17, 2022, https://www.worldstream.com/en/about-worldstream/our-data-centers.
Dell, "PowerEdge R240", February 2019, https://i.dell.com/sites/csdocuments/CorpComm_Docs/en/carbon-footprint-poweredge-r240.pdf.
Carbon Footprint, "Flight carbon footprint calculator", accessed on May 2, 2023, https://calculator.carbonfootprint.com/calculator.aspx?tab=3.
IPCC, "Aviation and the Global Atmosphere", accessed on May 2, 2023, https://archive.ipcc.ch/ipccreports/sres/aviation/index.php?idp=64.
Mijn.Host, "Groene Hosting", accessed on April 28, 2024, https://mijn.host/groene-hosting/.
Gold Standard, "20 MW BIOMASS POWER PROJECT AT GODAWARI POWER AND ISPAT LIMITED, CHHATTISGARH", accessed on November 17, 2022, https://registry.goldstandard.org/projects/details/621.
European Environment Agency, "CO2 performance of new passenger cars in Europe", September 26, 2022, https://www.eea.europa.eu/ims/co2-performance-of-new-passenger.
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