Notably, the world’s leading e-commerce platform delivers around 10 billion items in a year. Consequently, the company has a huge transportation and data centre footprint. It had also been facing increasing pressure from its staff to take action to reduce its footprint and take action on climate change. Subsequently, the leading e-commerce giant had pledged to be net carbon neutral by the year 2040. The company had also pledged around $10 billion to fund NGOs, activists, and scientists who are taking initiatives to protect the environment earlier in February this year. The company’s move on Tuesday has also been an effort in this direction.
The Climate Pledge Fund to Invest in Clean Energy Initiatives
Its investments are likely to span across industries such as food, agriculture, manufacturing and logistics. Moreover, it will also support firms working towards sustainable development in the spheres of storage and energy generation.
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