PayPal Pledges to Reach Net-Zero Greenhouse Emissions by 2040

PayPal Holdings Inc. said it would achieve net-zero greenhouse-gas emissions by 2040 as it looks for ways financial technology can prevent climate change.

The payments giant also vowed to use renewable-energy sources to power its data centers by 2023, and pledged to reduce its operational greenhouse gases by 25% by 2025. The promises are part of PayPal’s commitment to help limit global warming to no more than 1.5 degrees Celsius, the most ambitious goal of the Paris Agreement.

“Our climate action goes beyond our science-based targets,” Sri Shivananda, PayPal’s chief technology officer, said in an email. “As we continue ...