Climate Pladge, over 300 companies for net zero emissions by 2040

The signatories of the Climate Pledge undertake to: periodically measure and report their greenhouse gas emissions; implement decarbonisation strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy use, material reduction and other strategies for eliminating carbon emissions CO2; neutralize any residual emissions by adopting additional compensatory measures, quantifiable, real, permanent and with a positive social impact, so as to achieve zero annual CO2 emissions by 2040.

Amazon and Global Optimism announced today that more than 300 companies have signed up to the Climate Pledge, a growth in the number of signatories of 600% over the past year. Among the nearly 100 new signatories is Maersk, the largest merchant shipping company in the world; Sap, the world leader in cloud management software; the North American lumber company Weyerhaeuser; Sunrun, the largest residential solar panel company in the US and the leading brand in connected car and audio services Harman. The signatories of the Pledge collectively generate annual revenues of over $ 3.5 trillion and have more than 8 million employees in 51 different industries in 29 countries.



In particular, the signatories of the Climate Pledge undertake to: periodically measure and report their greenhouse gas emissions; implement decarbonisation strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy use, material reduction and other strategies for eliminating carbon emissions CO2; neutralize any residual emissions by adopting additional compensatory measures, quantifiable, real, permanent and with a positive social impact, so as to achieve zero annual CO2 emissions by 2040.

“The effects of climate change are becoming increasingly present in our daily life and in everything around us, which is why we firmly believe that the private sector must continue to innovate and collaborate across different geographical areas and industrial sectors to decarbonise the ‘large-scale global economy,’ said Andy Jassy, ​​CEO of Amazon. “It is an encouraging sign that more than 300 companies have signed up to the Climate Pledge, a commitment to tackle climate change head on by adopting concrete business changes that will have a lasting impact on our planet. We can only achieve this together.”

Today, the Climate Pledge also welcomes several companies that have previously received investments through the Climate Pledge Fund, Amazon’s $ 2 billion venture capital fund that invests in companies that can accelerate the path to Climate Pledge goals. These companies include Beta Technologies, an aerospace company that makes electric aircraft, and Infinium, a renewable fuel technology company, both of which aim to support decarbonization efforts in the global transportation sector, responsible for approximately $ 7.3 billion. of tons of CO2 emissions in 2020.

Indeed, nearly 13% of the signatories represent the transport, aviation and logistics sectors. In addition, Pachama, the new signatory and investee of the Climate Pledge Fund, is bringing quality and transparency to the nature-based carbon offsets markets, while also expanding their reach. Pachama uses remote sensing and machine learning to measure CO2 stored in forests and monitor it over time, allowing organizations and individuals to offset their emissions, supporting reforestation and forest conservation projects.



Source-www.adnkronos.com