American companies invest 125 billion to fight climate change | RetailDetail

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.

Questions or comments? Please feel free to contact the editors

The end of the retail employee


For the first time it’s safe to say that the future of work is really fabricated by futuristic events. People will need to become just as versatile as AI technologies and blockchain applications. Are you ready?

Alibaba doubles Lazada investment


Chinese Alibaba will once again invest 2 billion dollars (1.6 billion euro) into e-commerce company Lazada, active in Southeast Asia. It invested a similar sum in the group about two years ago.

CK Hutchison owner steps down


Li Ka-shing, CK Hutchinson’s owner and CEO, will step aside mid-May. The 89-year old will then pass on the baton to his eldest son, Victor Li, who will then take control of chains like Kruidvat and ICI Paris XL.

Toys ‘R’ Us goes bankrupt


The definitive end is approaching for the former toy store giant, Toys “R” Us. After the death sentence was signed for its 100 British stores, its American store network will also shut down.

Unilever chooses Rotterdam


The long-standing rumour has now been confirmed: Unilever will have its main office in Rotterdam, rather than London. The food and detergent giant’s board has made the call after nearly a year of debate.

Claire’s edges closes to bankruptcy


Store chain Claire’s is allegedly preparing to shut down in the next few weeks. Following that, the current owner, Apollo Global Management would give the company to several debtors.

Back to top