Amazon (NASDAQ: AMZN) has announced the launch of a carbon credit service through its Sustainability Exchange, providing qualified companies with access to high-quality, science-based carbon credits.
This initiative aims to support suppliers, business customers, and Climate Pledge signatories in their sustainability efforts, according to a company statement on Wednesday.
As part of Amazon’s commitment to reaching net-zero carbon emissions by 2040, the company continues to implement science-driven operational changes, including transitioning to carbon-free energy, electrifying its delivery fleet, and improving energy efficiency.
Beyond its own operations, Amazon is also investing in initiatives that scale carbon removal and direct private sector funding to critical environmental projects.
The need for high-quality carbon credits is urgent, as outlined by the United Nations Intergovernmental Panel on Climate Change (IPCC). To combat climate change, deforestation must be reduced, forest systems restored, and existing carbon emissions removed from the atmosphere.
Carbon credits play a vital role in financing projects that prevent emissions, promote economic development, and provide measurable climate benefits. However, companies often struggle to access high-integrity credits that deliver meaningful impact.
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To address these challenges, Amazon’s Sustainability Exchange offers a resource hub for decarbonization strategies. The expanded platform allows companies meeting specific climate commitments to invest in vetted carbon credits.
Eligible participants must have net-zero targets covering Scope 1, 2, and 3 emissions, publicly report greenhouse gas emissions, and implement science-based decarbonization plans.
Amazon’s Chief Sustainability Officer Kara Hurst highlighted the importance of investing in nature-based solutions, emphasizing that reversing deforestation is critical in mitigating climate change.
Industry leaders, including Conservation International and the Environmental Defense Fund (EDF), praised Amazon’s role in driving corporate climate action.
Companies such as Flickr, Steelcase, Slalom, and Corsair have already joined the service, recognizing the value of sourcing credible carbon credits.
Through collaboration and innovation, Amazon aims to empower businesses in their efforts to protect the environment and achieve sustainability goals.
