Amazon co-founds The Climate Pledge, setting goal to meet the Paris Agreement 10 years early
On 19 September 2019, Amazon and Global Optimism announced The Climate Pledge, a commitment to meet the Paris Agreement 10 years early. Amazon is the first signatory of this pledge. The Climate Pledge calls on signatories to be net zero carbon across their businesses by 2040—a decade ahead of the Paris Agreement’s goal of 2050.
Companies that sign The Climate Pledge agree to:
- Measure and report greenhouse gas emissions on a regular basis;
- Implement decarbonisation strategies in line with the Paris Agreement via real business changes and innovations, including efficiency improvements, renewable energy, materials reductions and other carbon emission elimination strategies;
- Neutralise any remaining emissions with additional, quantifiable, real, permanent and socially-beneficial offsets to achieve net zero annual carbon emissions by 2040.
By joining The Climate Pledge and agreeing to decarbonise on a faster time horizon, signatories will play a critical role in stimulating investment in the development of low-carbon products and services that will be required to help companies meet the pledge.