The Climate Pledge Announces Nearly 100 New Signatories, Including Maersk, SAP, Weyerhaeuser, Sunrun, and HARMAN, Bringing the Total to More Than 300 Companies Committed Worldwide

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Positive)

Tags

Rhea-AI Summary

Amazon and Global Optimism announced that over 300 companies have now signed The Climate Pledge, marking nearly 600% growth in one year. This new wave includes Maersk, SAP, Weyerhaeuser, Sunrun, and HARMAN, collectively generating over $3.5 trillion in annual revenues. Signatories commit to reducing greenhouse gas emissions and achieving net-zero emissions by 2040. Amazon's participation has so far reduced emissions equivalent to 50 million vehicle miles. The initiative aligns with the Paris Agreement to combat climate change.

Positive

300+ companies now signed to The Climate Pledge, indicating strong support for sustainability.
Collectively, these companies generate over $3.5 trillion in annual revenues.
Amazon's involvement has led to a significant reduction of approximately 20 KTonnes of CO2e emissions.

Negative

None.

03/14/2022 - 03:01 AM

More than 300 businesses across 51 industries and 29 countries have now joined The Climate Pledge and committed to pursue ambitious carbon-reduction activities across their business operations and supply chains

New signatories also include Climate Pledge Fund investees BETA Technologies, Infinium, and Pachama

SEATTLE--(BUSINESS WIRE)-- Today, Amazon and Global Optimism announced that more than 300 companies have now signed The Climate Pledge, a nearly 600% growth in signatories over the past year. Among the nearly 100 new signatories joining today are the world’s largest container shipping company, Maersk; the leading enterprise software developer SAP; the North American timberland company Weyerhaeuser; the largest residential solar company in the U.S., Sunrun; and the leading brand in connected car and audio services, HARMAN. Pledge signatories in total generate over $3.5 trillion in global annual revenues and have more than 8 million employees across 51 industries in 29 countries.

Signatories to The Climate Pledge must agree to:

Measure and report greenhouse gas emissions on a regular basis.
Implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies.
Neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets to achieve net-zero annual carbon emissions by 2040.

“The effects of climate change are becoming more and more apparent in our surroundings and daily lives, and we firmly believe that the private sector must continue to innovate and collaborate across regions and industries in order to decarbonize the global economy at scale,” said Andy Jassy, Amazon CEO. “It’s an encouraging sign that more than 300 businesses have now signed The Climate Pledge, which commits them to confronting climate change head-on by incorporating real business changes that will make a lasting impact on our planet. We can only do it together.”

Many of the new Pledge signatories are already making great strides toward reducing their carbon emissions:

Maersk is providing industry-leading green customer offerings across the supply chain, including Maersk ECO Delivery, which targets emission reductions in ocean shipping. Amazon began participating in this service in 2020 and continues today. Amazon’s participation reduced emissions by approximately 20 KTonnes of CO2e (the equivalent of 50 million average passenger vehicle miles) in 2021.
SAP recently accelerated its target for achieving net-zero carbon emissions to 2030—20 years earlier than originally targeted.
Weyerhaeuser is sustainably managing forests and manufacturing wood products across North America to provide a sustainable supply of wood for homes and countless other products, while protecting wildlife habitat and serving as a natural climate solution through carbon sequestration and storage. Weyerhaeuser reforests 100 percent of its timberlands after harvesting—planting between 130 and 150 million trees each year.
Sunrun’s systems have prevented 8.1 million metric tons of carbon emissions, which is equivalent to negating 20 billion miles driven by an average passenger vehicle.
With a long-standing focus on purpose, sustainability is one of HARMAN’s key strategic business pillars. As part of HARMAN’s commitment to achieving net-zero carbon across Scope 1, 2, and 3 emissions by 2040, it’s working toward ambitious, measurable shorter-term targets that aim to reduce emissions, energy usage, and waste across its value chain. HARMAN has introduced new product lines made from responsibly sourced and recycled materials and has committed to 100 percent renewable energy in all HARMAN factories by 2025.

Today, The Climate Pledge also welcomes several companies that have previously received investments through the $2 billion Climate Pledge Fund, Amazon’s corporate venture capital fund that invests in companies that can help accelerate a path to meeting The Climate Pledge. These companies include BETA Technologies, an electric aerospace company, and Infinium, a renewable fuels technology company, which both aim to support decarbonization efforts in the global transportation sector. The sector was responsible for approximately 7.3 billion metric tons of carbon emissions in 2020. In fact, nearly 13% of signatories represent transportation, aviation, and logistics sectors, sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions in this key sector. Additionally, Climate Pledge Fund investee and new signatory Pachama is bringing quality, transparency, and scale to nature-based carbon markets. Pachama uses remote sensing and machine learning to measure carbon stored in forests and monitor them over time, allowing organizations and individuals to compensate for their emissions with confidence by supporting reforestation and forest conservation projects.

Today’s announcement underscores the findings of the latest report from the United Nations’ Intergovernmental Panel on Climate Change (IPCC), which emphasizes the need for immediate action to reduce greenhouse gas emissions, to invest in natural climate solutions to limit warming to close to 1.5 degrees Celsius, and to mitigate damages.

"In the face of great peril, which is what the latest science depicts, the business community must have a clear path forward: Step up and accelerate emissions reductions so that we might avoid the worst of the damages yet to come,” said Christiana Figueres, founding partner of Global Optimism and the United Nations' former climate chief. “It’s encouraging, therefore, that 300 companies are committed to working together to achieve net-zero by 2040 or sooner through The Climate Pledge. But 300 companies are not enough to deliver the transformations we need. I encourage all business leaders to get to grips with the science, translate it for their businesses, and enable the changes we need without delay.”

Amazon and Global Optimism welcome the new signatories to The Climate Pledge:

4 Cladding Services	HARMAN	Perlego
Aberdeen Laundry Services Ltd.	Harmony Music School	Plan A
Accordant Solutions Ltd.	HRS	Premier Packaging LLC
ALIANAz Limited	Hyzon Motors	project44
Augenklinik Dardenne SE	Infinium Holdings, Inc.	ProtectBox
BETA Technologies	Intelcom	ROBUR Industry Service Group GmbH
BetaCarbon Pty Ltd.	Ishizaka Inc.	Rye Demolition
Clif Bar & Company	ITinSell	SAP SE
CMP Products	JACK RYAN	Savvy Freight
COAT Paints	Kayamut Ve Shefa (KVS)	Schumacher Packaging Werk Schwarzenberg
Cognizant Technology Solutions	Kin and Carta Plc	Search Laboratory
Creast	Kombuchery GmbH	Silentnight Group
Croatian Post Inc.	Letterbox Distribution	SMS Plc
DIGITALL	Liechtensteinische Landesbank	Sport-Thieme GmbH
Dynamic Consultants Group	Lineage Logistics	Sunrun
E Ink Holdings Inc.	Maersk	Superpedestrian
Earthchain	Making Science	Syncro Technology Corp
Electric Driver	Maya Cosmetics	Syneos Health
Ellers Farm Distillery	Meyers	TBM Co., Ltd.
Envopap	Mighty	Tea Venture Limited
euNetworks Group Ltd.	Mitie Group	Tech Mahindra
Everflow Water	Monogram Media	Teleion LLC
Flor Americas	MultiGreen Properties	Teleon Surgical BV
Flow Water Inc.	Natra	The Vella Group
Genesys	Network Archaeology Ltd.	TransACT Technology Solutions
Gienanth Group GmbH	Novartis	Up2You
GO TO-U	OAC Services, Inc.	Verdical Group
GoFor	Ocean Infinity	West Monroe
Ground Control Ltd.	Paack Logistics	Weyerhaeuser
GRUPO GRANSOLAR SL	Pachama	Xnrgy Climate Systems
Hammam Al Andalus	Pallet LOOP Ltd.	Zephyr Environmental
Hardscape Group Limited	Pearson

Information about all 95 new signatories that have committed to The Climate Pledge and the actions they are taking to decarbonize their businesses is available at The Climate Pledge website, including:

Maersk

A.P. Moller – Maersk (Maersk) is an integrated logistics company and the world’s largest container shipping company. As a global provider of end-to-end logistics services across all transport modes, the company is committed to playing an integral role in enabling global decarbonization of long-distance transport. In addition to reducing all direct and indirect emissions across its entire business by 2040, Maersk is also committed to expanding its green customer offerings, including a commitment to achieve 25% of ocean cargo transported with green fuels, 90% green operations for contract logistics and cold chain, and at least 30% of air cargo transported with sustainable aviation fuel by 2030. To achieve these ambitious targets, Maersk is exploring, testing, and investing in sustainable innovations to enable transformation across the supply chain. Maersk is currently investing in innovative new fuels, vessels, electrical trucks, network planning software, information sharing technology, and many more areas. This includes the order of 12 vessels that will be capable of operating on green methanol—these vessels will be operational in 2024.

“Solving the climate emergency and decarbonizing our customers’ supply chains is a strategic imperative for Maersk,” said Soren Skou, A.P. Moller – Maersk CEO. “Hence, back in January 2021 we accelerated our decarbonization commitment to net-zero emissions by 2040—a decade ahead of our initial 2050 ambitions and the Paris Agreement. To drive the massive scale up of green fuels, we all must move now and take action. If we are meant to see changes this decade, we cannot afford to wait, and in that context, we look forward to joining The Climate Pledge, an opportunity to team up with some of our major customers, learn from them, and share best practices and solutions.”

SAP

SAP is a world leader in enterprise application software and services. SAP has the vision to help companies of all sizes and industries become intelligent, sustainable enterprises by managing business data and processes to be more efficient, resilient, and competitive. SAP offers sustainability-specific solutions for corporate sustainability performance management and reporting, carbon accounting, waste management for circular economy processes, and responsible and inclusive value chain management. SAP recently accelerated its net-zero emissions commitment from 2050 to 2030. The company is setting science-based targets to achieve net-zero along its entire value chain in line with a 1.5-degree Celsius future. SAP is driving a long-term strategy of sustainable operations around the world including using 100 percent renewable energy for SAP’s own data centers and buildings worldwide since 2014. SAP is also directly investing in renewable electricity as well as nature-based and technical-based funds to neutralize residual carbon emissions.

“Climate change is one of the greatest challenges of our time and the time to act is now,” said Christian Klein, SAP CEO. “Technology provides us with an opportunity to create a lasting, positive impact for future generations and SAP is proud to join The Climate Pledge to help drive this change.”

Weyerhaeuser

Weyerhaeuser manages millions of acres of timberlands and operates 35 manufacturing facilities and 18 distribution centers for wood products across North America. For more than 120 years, Weyerhaeuser has been growing, harvesting, and regrowing forests on a continuous cycle. Its timberlands provide clean air and water, wildlife habitat, recreational opportunities, renewable energy, and a sustainable supply of wood for homes and countless other products communities depend on every day. Weyerhaeuser’s forests and mills provide great jobs and support local economies in rural areas across North America.

“Sustainability has been a guiding principle at Weyerhaeuser for well over a century, and we have long believed that our company has an obligation to make a positive impact in our communities and for society more broadly,” said Devin W. Stockfish, Weyerhaeuser president and CEO. “Our working forests and the sustainable wood products we produce play a critical role in helping to mitigate the impacts of climate change. And as part of our ongoing sustainability efforts, we have published our inaugural, peer-leading Carbon Record and established a leadership position among our North American industry peers by setting an ambitious, science-based greenhouse gas reduction target. Signing on to The Climate Pledge reflects our commitment to achieve these goals and to help lead on the path to net-zero emissions globally.”

Sunrun

Sunrun is the nation’s leading home solar, battery storage, and energy services company. Founded in 2007, Sunrun pioneered home solar service plans to make local clean energy more accessible to everyone for little to no upfront cost. Sunrun’s innovative home battery solution brings families affordable, resilient, and reliable energy. In 2021, the company installed 792 megawatts of clean energy for more than 110,000 customers, increasing total Networked Solar Energy Capacity to 4.7 gigawatts. Systems added in 2021 alone are expected to offset more than 17 million metric tons of CO2 over the next 30 years. According to the company’s most recent Impact Report, Sunrun has generated more than 11 billion kilowatt hours of clean energy since 2007.

“At Sunrun, people and the planet are our north star,” said Mary Powell, Sunrun CEO. “Since our founding, we've helped more than 660,000 customers across the U.S. switch to clean energy and reduce their carbon emissions through our home solar and battery storage systems, and we're just getting started. We're laser focused on finding more ways to electrify homes and enable all Americans to take action on climate change, reduce energy costs, and gain energy independence. We are proud to demonstrate this commitment by signing the Climate Pledge alongside other sustainability leaders.”

HARMAN

HARMAN designs and engineers connected products and solutions for automakers, consumers, and enterprises worldwide, including connected car systems, audio and visual products, enterprise automation solutions, and services supporting the Internet of Things. With leading brands including AKG, Harman Kardon, Infinity, JBL, Lexicon, Mark Levinson, and Revel, HARMAN is admired by audiophiles, musicians, and the entertainment venues where they perform around the world. More than 50 million automobiles on the road today are equipped with HARMAN audio and connected car systems. HARMAN’s software services power billions of mobile devices and systems that are connected, integrated, and secure across all platforms, from work and home to car and mobile. In March 2017, HARMAN became a wholly-owned subsidiary of Samsung Electronics Co., Ltd.

“At HARMAN, we know that driving sustainability is an ongoing journey that benefits from constant collaboration,” said Tom Mooney, HARMAN senior director of Government Affairs and Sustainability. “Each of the other Climate Pledge signatories is as committed as we are to building a more sustainable future and understands the value of working together toward our common goal. We’re excited to be joining forces with this community of innovators and thought leaders to create meaningful change.”

About The Climate Pledge

In 2019, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. Now, 312 organizations have signed The Climate Pledge, sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information, visit www.theclimatepledge.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

About Global Optimism

Global Optimism exists to precipitate transformational, sector-wide change. Achieving a zero emissions future is not a far-off challenge. It’s one we must get on track for now. Every scientific assessment shows that to meet the goal of net-zero emissions by 2050, to keep global heating below 1.5 degrees Celsius, we must halve our emissions between 2020 and 2030. Tackling the climate crisis is only possible when everyone, everywhere plays their part. We work with like-minded collectives from all sectors that are willing to invest in the choices required to be on this challenging—and life-affirming—journey. For more information, visit https://globaloptimism.com.