Etsy Inc (NASDAQ:ETSY) Introduces Free Internally-Developed Software

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Etsy Inc (NASDAQ:ETSY) Introduces Free Internally-Developed Software

Developers may not always have to go to the online market to search for software tools. They can get them from Etsy Inc (NASDAQ:ETSY), which is now giving out some of its internally-developed software for free. The software is christened “DIVERTsy,” and in the tech industry, this process is known as “open-source.

Etsy has often used the new platform to deal with various outgoing materials the likes of electronic waste, textiles as well as food scraps. Apparently, the new software is also interwoven with hardware, which will help in measuring a building’s waste streams.

The customization of the proprietary technology

Initially, the technology was primarily designed for local infrastructures. The customization was based on the fact that different cities have different ways of managing and recycling their waste. However, a company’s spokesperson says that the open source code will not be available for customization at individual locations.

The launch of a pilot program for DIVERTsy is scheduled to take place in the next couple of months. Etsy says that its goal is to divert at least 90% of its waste from being a landfill while at the same time ensure the reduction of overall waste consumption. It has also vowed to achieve a global running zero waste operation by 2020.

Etsy achieves a new sustainability standard certification

Apart from rolling out the DIVERTsy’s pilot program, the company has also achieved the “Living Building Challenge Petal.” The achievement was as a result of several initiatives the likes of evaluating toxic or harmful building materials.

The certification program is more rigorous than the more recognizable LEED rating system. However, Etsy is the first tech company to receive such having pursued it very aggressively. The company offices now join a list of another 56 buildings around the world that have been certified by the Living Building Challenge.

Another 365 buildings are being evaluated through a process that requires forethought and patience. Etsy is now looking at educating companies that seem slow in adopting sustainable measures. In the meantime, Etsy’s stock closed at $10.53 a fall of $0.04 or 0.38%.