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Computer industry

81 Companies Pledge to Reduce Greenhouse Gas Emissions in the US

Strategic Insights

— 2 min read

As part of the US efforts to combat climate change, a total of 81 companies, including industry giants like Coca-Cola, Apple, Intel, IBM, and Walmart, have signed the American Business Act on Climate Pledge. These companies have operations in all 50 US states, employing more than nine million people and representing over $3 trillion in annual revenue, with a combined market capitalization of over $5 trillion. The companies have committed to reducing their greenhouse gas emissions, increasing low-carbon investments, and deploying more clean energy. This pledge comes ahead of the upcoming UN climate talks in Paris in December, where the US is expected to make significant commitments to address climate change.

Key Takeaways:

  • A total of 81 companies have signed the American Business Act on Climate Pledge, including industry leaders like Coca-Cola, Apple, Intel, IBM, and Walmart.
  • These companies have operations in all 50 US states, employing more than nine million people and representing over $3 trillion in annual revenue.
  • The companies have committed to reducing their greenhouse gas emissions, increasing low-carbon investments, and deploying more clean energy.
  • The combined market capitalization of these companies is over $5 trillion.
  • The companies' commitments are in line with the US's efforts to combat climate change ahead of the upcoming UN climate talks in Paris in December.
  • The American Business Act on Climate Pledge was launched in July, with 13 US companies committing a total of $140 billion in new low-carbon investments and over 1,600 megawatts of new renewable energy.
  • An independent consortium of long-term investors has also announced its first round of investments totaling $1.2 billion through an "aligned intermediary", which will be formally launched in mid-2016.

Statistics:

  • 81 companies have signed the American Business Act on Climate Pledge.
  • The companies have operations in all 50 US states, employing more than nine million people.
  • The companies represent over $3 trillion in annual revenue.
  • The combined market capitalization of these companies is over $5 trillion.
  • The companies have committed to reducing their greenhouse gas emissions.
  • The companies are expected to increase low-carbon investments.
  • The companies are expected to deploy more clean energy.
  • $140 billion in new low-carbon investments was committed by 13 US companies in July.
  • Over 1,600 megawatts of new renewable energy was committed by 13 US companies in July.
  • $1.2 billion in investments was announced by an independent consortium of long-term investors through an "aligned intermediary".

Sources:

  • Xinhua
  • The White House

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