Amazon has announced The Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet The Climate Pledge – a commitment to be net zero carbon by 2040. This dedicated venture investment program – with an initial US$2 billion in funding – will back visionary companies whose products and services will facilitate the transition to a zero carbon economy.<\/p>\n\n\n\n
Last year, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement ten years early and be net zero carbon by 2040. Verizon, Reckitt Benckiser (RB) and Infosys recently joined the pledge – sending an important signal to the market that there will be rapid growth in demand for products and services that help reduce carbon emissions. Amazon\u2019s new Climate Pledge Fund will accelerate investment in innovations for the zero carbon economy of the future.<\/p>\n\n\n\n
\u201cThe Climate Pledge Fund will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably,\u201d said Jeff Bezos, Amazon Founder and CEO. \u201cCompanies from around the world of all sizes and stages will be considered, from pre-product start-ups to well-established enterprises. Each prospective investment will be judged on its potential to accelerate the path to zero carbon and help protect the planet for future generations.\u201d<\/p>\n\n\n\n
The Climate Pledge Fund will invest in companies in multiple industries, including transportation and logistics, energy generation, storage and utilization, manufacturing and materials, circular economy and food and agriculture. Over time, Amazon will also look for opportunities to involve other Climate Pledge signatories in this venture investment program.<\/p>\n\n\n\n
\u201cAmazon has demonstrated its leadership in adopting low carbon technologies at scale,\u201d said Rivian CEO, R.J. Scaringe. \u201cIts investment in Rivian and the subsequent order of 100,000 electric delivery vans will substantially shrink the carbon footprint of Amazon\u2019s package delivery network. We’re excited about a future of decarbonized delivery services.\u201d<\/p>\n\n\n\n
Amazon released its 2019 sustainability report and an update on the company\u2019s sustainability goals and programs, including:<\/p>\n\n\n\n
Amazon has announced The Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet The Climate Pledge – a commitment to be net zero carbon by 2040. This dedicated venture investment program – with an initial US$2 billion in funding – will back visionary companies whose products and services will facilitate […]<\/p>\n","protected":false},"author":36,"featured_media":560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[50,16,22,43,49],"tags":[426,429,430,432,428,427,431],"class_list":["post-559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-coast","category-energy","category-green","category-top-stories","category-west-coast","tag-amazon","tag-global-optimism","tag-paris-agreement","tag-reckitt-benckiser","tag-the-climate-pledge","tag-the-climate-pledge-fund","tag-verizon"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/comments?post=559"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/559\/revisions"}],"predecessor-version":[{"id":561,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/posts\/559\/revisions\/561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media\/560"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/media?parent=559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/categories?post=559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/north-america\/wp-json\/wp\/v2\/tags?post=559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}