Amazon has made a significant commitment to clean energy development with the launch of a multi-billion dollar investment project. The company announced its new €2 billion Climate Commitment Fund to invest in sustainable technologies and services, as well as its goal to get companies around the world to commit to greener work. The fund will seek to target suppliers and companies in a host of industries, including transportation and logistics, energy, warehousing, manufacturing, and agriculture, as Amazon seeks to reduce its impact on the rest of the world.
Amazon Climate Commitment Fund
Amazon delivers billions of items to shoppers around the world through its massive logistics operation, but it remains a significant contributor to climate change. Employees and environmental activists have often focused on Amazon's inaction, particularly the carbon footprint left by its massive activity in the Amazon Web Services data center. Amazon previously said it aims to be carbon neutral in its operations by 2040, and alongside the Pledge Fund announcement, it also revealed its own sustainability report, showing it was on track to "achieve 100% renewable energy by 2025." "The Climate Pledge Fund will seek to invest in visionary entrepreneurs and innovators creating products and services to help businesses reduce their carbon footprint and operate more sustainably," Bezos said. “Companies from around the world will be considered, of all sizes and at all stages, from early product startups to well-established companies. Each potential investment will be evaluated based on its potential to accelerate the path to zero carbon and help protect the planet for future generations. "Earlier this year, Bezos announced that he had pledged €10 billion to fund a large program to support environmental causes, with scientists, activists, non-profit organizations and other groups set to benefit. In his sustainability report, Amazon also noted that its €100 million Right Now Climate Fund had contributed to two major reforestation projects, and how it was reducing outbound packaging by 33%, helping to eliminate more than 880,000 tonnes of packaging material. The day after Amazon announced support for small businesses and startups looking to upgrade after the global pandemic, Amazon Small Business Accelerator will help businesses with a free online training program, as well as discounts and deals on Amazon Business , Amazon Web Services and other services provided by the company Via Reuters