Amazon Climate Pledge Fund

The Amazon Climate Pledge Fund is a corporate venture capital fund established by Amazon to invest in companies developing sustainable and decarbonizing technologies and services. Launched in June 2020 with an initial $2 billion in funding, the fund aims to support innovations that will help Amazon and other companies achieve net-zero carbon emissions by 2040. The fund focuses on sectors such as transportation and logistics, energy generation, storage and utilization, manufacturing and materials, food and agriculture, and the circular economy. It seeks to invest in companies of various sizes, from startups to well-established enterprises, that are developing solutions to reduce carbon emissions and promote sustainability. The fund has made investments in several companies, including CarbonCapture Inc., a climate technology and carbon removal company pioneering modular direct air capture systems. Through these investments, the Climate Pledge Fund supports Amazon's broader sustainability goals and its commitment to The Climate Pledge, a commitment to reach net-zero carbon emissions by 2040.

The Climate Pledge Fund is part of Amazon's comprehensive approach to sustainability, which includes initiatives like The Climate Pledge, co-founded in 2019, and the Right Now Climate Fund, a $100 million fund for nature-based solutions. These efforts reflect Amazon's dedication to addressing climate change and promoting environmental stewardship across its global operations. The fund's investments are strategically aligned with Amazon's sustainability objectives, aiming to accelerate the development and deployment of technologies that can significantly reduce carbon emissions and foster a low-carbon economy. By supporting these innovations, the Climate Pledge Fund contributes to Amazon's mission of achieving net-zero carbon emissions by 2040 and encourages broader industry collaboration toward environmental sustainability.

Through its investments, the Climate Pledge Fund not only advances Amazon's sustainability goals but also stimulates broader industry action toward decarbonization. By supporting a diverse portfolio of companies across various sectors, the fund plays a pivotal role in accelerating the transition to a low-carbon economy. Its strategic investments are designed to drive meaningful change, reduce carbon emissions, and promote sustainable practices across industries, aligning with Amazon's commitment to environmental responsibility and its vision for a sustainable future.