"Klarna has paid Nina Siemiatkowski's nonprofit Milkywire $2.75 million for its services since 2022, and a further $1 million to purchase carbon credits, which are permits to offset a portion of its greenhouse gas emissions through supporting projects that remove the equivalent amount of emissions. It has also contributed $12.8 million to date to the WRLD Foundation, another nonprofit founded by the Klarna chief's wife, which channels donations to organizations identified and vetted by Milkywire on Klarna's behalf, the filing shows."
"According to the WRLD Foundation's website, the climate impact-focused nonprofit was established in 2021 to raise awareness around sustainability, run educational programs, and support other nonprofits. Klarna's F-1 filing also notes that it allows customers to choose to make donations to the WRLD Foundation through its app and website as part of its environmental, social, and governance initiative."
"Founded by Nina Siemiatkowski in 2018, Milkywire's website says it delivers climate impact solutions in areas including carbon removal, nature restoration, and protection. Klarna's F-1 filing also states that Milkywire provides it with other services and tools, including "product development, digital integrations, websites, campaigns, content creation and other digital solutions.""
Klarna disclosed $16.55 million in payments over the last five years to nonprofits founded by CEO Sebastian Siemiatkowski's wife. Payments include $2.75 million to Milkywire for services since 2022 and $1 million for carbon credits, plus $12.8 million to the WRLD Foundation. The WRLD Foundation was established in 2021 to promote sustainability, run educational programs, and support other nonprofits, and Klarna allows customers to donate to WRLD via its app and website. Milkywire, founded in 2018, provides climate-impact solutions and digital services such as product development and content creation.
Read at Business Insider
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