Amazon Loses Key Backer Four Years Into Plan to Eliminate Carbon Emissions
- SBTi lists Amazon.com as having CO2 ‘commitment removed’
- Move comes as SBTi’s influence among ESG investors grows
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Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from the world’s leading watchdog of corporate climate goals.
The Science Based Targets initiative, a United Nations-backed entity that validates net zero plans, has removed Amazon from its list of companies taking action on climate goals after the tech behemoth failed to implement its commitment to set a credible target for reducing carbon emissions.