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Why Amazon Is Launching the "Climate Pledge"

Tags: stocks tech
DATE POSTED:September 20, 2019

Just in time to coincide with the Global Climate Strike, Amazon (NASDAQ: AMZN) is launching The Climate Pledge, its own promise to meet the goals of the Paris Agreement by 2040, 10 years ahead of time. 

The tech giant co-founded The Climate Pledge with Global Optimism, a group founded by a former U.N. climate official, in the hope that other companies will sign on to the agreement. According to its statement, Amazon is aiming to: 

While Amazon may be presenting The Climate Pledge as if it comes purely out of the company's own goodwill, the truth isn't that simple. At least 1,500 Amazon employees were planning to walk off the job Friday to protest the company's massive carbon footprint and its lack of accountability on the environment. CEO Jeff Bezos announced the pledge in Washington with former U.N. climate chief Christiana Figueres, saying, "Meeting these goals is something that can only be done in collaboration with other large companies because we're all part of each other's supply chains," adding, "We're done being in the middle of the herd."   

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Tags: stocks tech