On 19 September, Amazon issued a press release to announce that they co-founded The Climate Pledge. With this pledge, the company commits to meeting the targets of the Paris agreement 10 years before the deadline. Concretely, this means that they agree to:
- Measure and report on greenhouse gas emissions regularly;
- Implement strategies to decarbonize through real business changes and innovations, including using renewable energy, reduce materials, and other carbon emission elimination solutions;
- Neutralize remaining emissions with additional socially beneficial offsets to achieve net zero annual carbon emissions by the year 2040.
Already two years ago, Amazon made a long-term commitment to strive towards 100% renewable energy. With this pledge, they are now committing to reaching 80% renewable energy in 2024 and 100% renewable energy by 2030. In addition to striving for meeting the Paris targets 10 years early, the company will invest 100 million in reforestation projects and will buy 100,000 fully electric vehicles for its global fleet. The fact that large companies are signing The Climate Pledge sends an important signal that it is time to start investing in the development of low carbon products and services that are required to help companies fulfill the pledge.
Amazon founder and CEO Jeff Bezos said: “We’re done being in the middle of the herd on this issue – we’ve decided to use our size and scale to make a difference”. Amazon was the first signatory of the pledge and it encourages other companies to follow and join The Climate Pledge. For more information, you can find the press release here.
Amazon is a Company Member PLUS of Ecommerce Europe. More information on our company membership packages can be found here.