Amazon has launched a carbon credit service, providing qualified companies with access to high-quality credits.
The company is expanding its Sustainability Exchange resource hub to invest in nature-based projects and carbon removal technologies, aiming to scale carbon removal and channel private sector funding towards sustainability goals, as per climate science recommendations.
It will provide science-based carbon credits to suppliers, business customers, and Climate Pledge signatories through the Sustainability Exchange.
Amazon aims to achieve net-zero carbon emissions by 2040 by implementing science-based operational changes, including transitioning to carbon-free energy, improving data center efficiency, electrifying delivery fleets, and decarbonizing complex real estate portfolios.
The IPCC’s research suggests reducing deforestation, restoring forest systems, and removing 1 trillion tons of carbon emissions by the end of the century. High-quality carbon credits finance these actions, support community development, and measure climate impact. However, securing these credits is complex.
Amazon has launched the Sustainability Exchange in 2024 to promote decarbonization solutions for companies. The Exchange provides resources, playbooks, and learnings, including carbon credits for companies with net-zero emissions targets, regular greenhouse gas measurement, and commitment to climate science-based decarbonization strategies.
“The voluntary carbon market has been challenged with issues of transparency, credibility, and the availability of high-quality carbon credits, which has led to skepticism about nature and technological carbon removal as an effective tool to combat climate change,” said Kara Hurst, Chief Sustainability Officer, Amazon.
“However, the science is clear: We must halt and reverse deforestation and restore millions of miles of forests to slow the worst effects of climate change. We’re using our size and high vetting standards to help promote additional investments in nature, and we are excited to share this new opportunity with companies who are also committed to the difficult work of decarbonizing their operations,” she said.
