Amazon has announced the issuance of a $1 billion sustainability focused bond. The proceeds will be used to fund projects in five areas, building on significant investments Amazon has made over the years: Renewable Energy, Clean Transportation, Sustainable Buildings, Affordable Housing, and Socioeconomic Advancement & Empowerment.
This is part of a new Sustainable Bond Framework, which details how Amazon is investing to drive a positive impact on society and to help advance new technologies that decarbonize and preserve the natural world.
To date, Amazon commitments include:
- Net Zero Carbon by 2040: Deploying technology and people to reach net-zero carbon across Amazon by 2040, one decade ahead of the Paris Agreement.
- 100,000 Electric Delivery Vehicles: Amazon placed an order for 100,000 electric delivery vehicles with Rivian, the largest order ever of electric delivery vehicles. They also partnered to order EVs from Mahindra Electric and Mercedes Benz.
- 100% Renewable Energy: Amazon committed to powering our operations with 100% renewable energy by 2030, and are on a path to achieve this five years early, by 2025.
- Shipment Zero: Making all Amazon shipments net-zero carbon through Shipment Zero, with a goal of delivering 50% of all shipments with net-zero carbon by 2030.
- Climate Pledge Fund: Investing to support the scalability and development of technologies and services that accelerate and facilitate the transition to a low-carbon economy.
- Right Now Climate Fund: Investing in nature-based solutions, which include conservation, restoration, and improved land management actions that increase carbon storage or avoid greenhouse gas emissions in forests, wetlands, and grasslands across the globe.
- Affordable Housing: Supporting innovative housing affordability initiatives.
- Advancement and Empowerment: Increasing opportunities for underrepresented groups to enter the technology workforce and launching, scaling, and investing in skills training programs.