American companies invest 125 billion to fight climate change

American companies invest 125 billion to fight climate change

Thirteen major American companies, including Coca-Cola, Google, Walmart and Apple, have announced today they will invest 140 billion dollars (125 billion euro) to lower their CO2 emissions.

Invest in sustainability

With this pledge, these companies have shown their support for an initiative brought forth by the American government, namely to include companies in the fight against climate change. Not only will these companies lower their CO2 emissions, they will also create an additional 1,600 megawatts of renewable energy and invest in companies that contribute to a sustainable environment. Last but not least, these companies will also tackle their water usage.

 

Most companies will develop private initiatives to reach these goals: Walmart wants to reduce deforestation in its supply chain to zero by 2020, while Apple will help generate an additional 280 megawatts of clean energy by the end of next year. Package service UPS wants to update its car park with energy-saving and clean technology.

 

Large manufacturers like PepsiCo, Cargill, General Motors and Microsoft have pledged to support the initiative, as have several financial companies. Within several months, the American government hopes it can add another list of companies to the thirteen that have already committed to the cause.

Tags: