The e-commerce company has committed to carbon-neutral operations, and its sustainability fund backs technologies like sequestration, said director John Phillips, chair of the board’s nominating and corporate governance committee, at the firm’s annual general meeting on Wednesday. (The Logic)

Talking point: Phillips contrasted the approach with “purchasing potentially low-quality offsets to try to honor a time-constrained emissions target.” The pandemic-induced shift to remote work made it easier to cut operational emissions, Shopify CFO Amy Shapero acknowledged. But the company said it is buying renewable-energy certificates for staff’s home offices. The AGM, at which board members were routinely re-elected, was the last for event chair and Shopify chief legal officer Joe Frasca. He’s one of three top executives set to depart. On Wednesday, CEO Tobi Lütke tweeted out a job posting for the CTO role.