Block
Block offers a range of financial services and products, including Square, Cash App, Spiral, TIDAL, and TBD, and is committed to reaching carbon net zero by 2030.
Services
Block offers a diverse range of financial services and products designed to meet various needs. Its key offerings include Square, a versatile payment platform for businesses; Cash App, a mobile payment service for individual transactions; Spiral, which focuses on bitcoin-based projects; TIDAL, a music streaming service; and TBD, dedicated to developing open-source financial systems. Each product is tailored to enhance user experience and provide innovative financial solutions.
Sustainability Efforts
Block is committed to achieving carbon net zero by 2030, reflecting its dedication to environmental sustainability. The company has also partnered with Oceanworks to tackle ocean pollution by removing ocean-bound plastic. These initiatives highlight Block's proactive approach to contributing positively to the environment and integrating sustainability into its operational philosophy.
Investments in Indigenous Communities
Block has shown a strong commitment to supporting Indigenous communities. It invested $3 million AUD in a fund established by First Australians Capital to support Indigenous businesses in Australia. Additionally, Block invested $3 million CAD in Canada's largest and most innovative Indigenous social impact fund. These investments underscore Block's focus on fostering economic empowerment and growth within Indigenous communities.
Bitcoin and Renewable Energy Initiatives
Block is actively involved in efforts to accelerate renewable, energy-based bitcoin mining. The company conducted a Bitcoin Survey in 2022 to gather insights on global perceptions and knowledge of bitcoin. It also partnered with the Human Rights Foundation for the 'Currency of Freedom' series, which examines bitcoin's role in economic empowerment. These initiatives demonstrate Block's commitment to advancing cryptocurrency technology sustainably and ethically.
Corporate Social Responsibility Report 2023
Block published its Corporate Social Responsibility Report for 2023, detailing its efforts in environmental sustainability, social impact, and governance. The report provides transparency into Block's initiatives and accomplishments, aligning with its broader commitment to responsible business practices. This publication underscores Block's proactive stance on corporate responsibility and its ongoing efforts to contribute positively to society and the environment.