The Climate Pledge announced today the addition of 52 new companies to the initiative, including Alaska Airlines, Colgate-Palmolive, HEINEKEN, PepsiCo, Telefónica, and Visa. With the new additions, the movement has grown to 105 companies across a wide range of industries, and representing more than $1.4 trillion in revenues, all committing to achieve net zero carbon emissions by 2040.
The Climate Pledge was co-founded by Amazon and climate change-focused organization Global Optimism, calling on signatories to achieve net zero carbon across their businesses 10 years ahead of the Paris Accord’s 2050 target. Companies that sign onto the Climate Pledge agree to numerous steps, including:
- Measuring and reporting GHG emissions on a regular basis
- Implementing decarbonization strategies in line with the Paris Agreement through real business changes and innovations. These include efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies
- Neutralizing any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net zero annual carbon emissions by 2040
Jeff Bezos, Amazon founder and CEO, said:
“Less than two years ago, Amazon co-founded The Climate Pledge and called on other companies to reach the Paris Agreement 10 years early—today, more than 100 companies with over $1.4 trillion in global annual revenues and more than 5 million employees have signed the pledge. We are proud to stand with other signatories to use our scale to decarbonize the economy through real business change and innovation.”
Christiana Figueres, founding partner of Global Optimism and former UN climate chief, added:
“We helped to initiate The Climate Pledge to prove a model that accelerates decarbonization with the most ambitious companies. Today over 100 companies, including household brands and companies from all industry sectors, have joined The Climate Pledge with its goal of net-zero by 2040. They are demonstrating that moving faster toward decarbonizing their businesses is a pathway to competitive advantage. There is no doubt we’re at a tipping point to establish the low carbon economy envisioned in the Paris Agreement. I commend the leadership of the companies that have joined The Climate Pledge already and look forward to welcoming the next 100.”
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