PayPal, the well-known electronic payment and money transfer company, agreed to buy carbon credits from the Enrichmond Foundation to support the Richmond-based nonprofit’s ongoing efforts to restore two historic Black cemeteries, Evergreen and East End, it has been announced.

John Sydnor, the foundation’s executive director, said the company has agreed to pay between $25,000 and $30,000 to buy 1,000 tons of carbon credits to offset some of the carbon it expends in its operation.

Mr. Sydnor said the funds from PayPal would be used to preserve trees and tree canopies at the cemeteries and to contribute to the restoration work.

Mr. Sydnor said there are continuing discussions with PayPal about additional support for the sites that have earned designation from an arm of the United Nations as a “site of memory” for its Slave Route Project.

“We are honored to have PayPal as a partner in the reclamation of these important pieces of Black culture,” Mr. Sydnor said.

He said environmental equity is a key component of Enrichmond’s efforts to reclaim, preserve and celebrate “these sacred grounds.”

According to PayPal, support for Enrichmond’s work with the cemeteries is part of the company’s approach to climate justice and resilience. The company said the goal is to fund climate impact projects “that maximize outcomes for financially underserved communities.”

Last year, PayPal pledged to spend $535 million to support Black and underserved businesses and communities.

Franz Paasche, PayPal’s chief corporate affairs officer, said part of the funding is going to reduce greenhouse gas emissions while also promoting racial equity.

“We’re proud to work with Enrichmond Foundation to restore and protect these landmark sites,” he stated.