In September 2019, Amazon pledged to become carbon neutral by 2040. Now the e-commerce giant is launching a $2 billion venture capital fund to help make that goal a reality.
The Climate Pledge Fund will invest in technology companies working to combat climate change in the transportation, logistics, and storage industries.
"We're looking to invest in products and solutions that help us to decarbonize and that really have an impact on our quick evolution to a low-carbon economy," Kara Hurst, head of sustainability at Amazon, told Cheddar.
At the same time, the company released an annual sustainability report showing a 15 percent increase in carbon dioxide emissions in 2019.
However, the report also announced that the company is on a path to run on 100 percent renewable energy by 2025, which is five years ahead of schedule.
Hurst maintains that "e-commerce is inherently more sustainable" than other consumer options, and that expanding Amazon's warehouse and distribution network into local markets will help cut down carbon emissions for individual orders.
"We're looking at all the ways that we can place products closer to our customers and continue to drive down carbon that way," she said.
One area where Amazon is already working to balance higher business volume with sustainable goals is in packaging. Since 2015, the company has reduced packaging weight by 33 percent and cut more than 880,000 tons of packaging material, equalling roughly 1.5 billion shipping boxes.
"We have been on this path for a long time, and will continue to be on the path," Hurst said.
The dreaded Netflix crackdown on profile sharing translated into a major boost in subscribers while the promised rate cuts seem to be a far off fantasy.
After the 2021 boom, IPO activity slowed down significantly, in part due to monetary policy – but things are getting moving again with tech-friendly companies like Iboutta and Rubrik making a public debut.
With an increasing demand for mental health services, one person wanted to change the therapy game. In 2017, CEO Alex Katz founded Two Chairs, a company that uses technology to match patients with the right therapist.
Not only is April Financial Literacy Month, it’s also the kickoff of the spring homebuying season. So now is the time to make sure you have a financial plan in place – and why it might not be wise for that to include buying your first home.
While the U.S. may slowly be on the path to lowering inflation (and therefore interest rates), Europe has thoroughly trounced America, putting it on the path to lower rates by this summer.
April's release of the monthly Housing Starts and Building Permits reports by the Census Bureau provides crucial insights into the construction activity in the housing market. These reports are an economic indicator, shedding light on the current state of the housing market and its broader economic impact.
Caitlin Clark is heading to the Indiana Fever, the number one draft pick and the highest-scoring college basketball player of all time. And while she may not be getting millions from the WNBA, there's a few ways she'll net compensation for her generational talents.
