Microsoft, Nike, Unilever team up on emissions Description video: Microsoft, Nike, Starbucks, Unilever and five other industry heavyweights want to help businesses globally achieve zero carbon emissions. The plan announced on Tuesday (July 21) is called \”Transform to Net Zero.\” […]
Microsoft, Nike, Unilever team up on emissions
Microsoft, Nike, Starbucks, Unilever and five other industry heavyweights want to help businesses globally achieve zero carbon emissions. The plan announced on Tuesday (July 21) is called \”Transform to Net Zero.\” The group plans to recruit other members and will work with the Environmental Defense Fund, a not-for-profit environmental group. \n\nSubscribe: http://smarturl.it/reuterssubscribe \n\nReuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. \n\nGet the latest news on: http://reuters.com/ \nFollow Reuters on Facebook: https://www.facebook.com/Reuters \nFollow Reuters on Twitter: https://twitter.com/Reuters \nFollow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en
Microsoft, Nike, Unilever team up to tackle carbon emissions
Microsoft Corp, Nike Inc, Starbucks Corp, Unilever NV and five other major companies from various sectors team up to help businesses around the world achieve zero carbon emissions.
The group named «Converting to pure zero», plans to recruit other members and will work with the Environmental Defense Fund and will focus on providing guidance, research and projects for businesses to achieve zero carbon emissions by 2050.
The statement does not provide any details about any investments that will be made by the companies, it only lists initial research and other work to be completed within the next five years.
Some goals for net zero carbon emissions include reducing the entire value chain, including the impact of producing products and services, as well as significant commitment and willingness to invest and accelerate innovation..
The current alliance also includes the French food group Danone SA, the German car manufacturer Mercedes-Benz AG, and the leading shipping container firm A.P. Moller – Maersk A / S, Indian technology firm Wipro Ltd and Brazilian cosmetics manufacturer Natura & Co.
While many companies have made a commitment, critics say the corporate world’s actions still fall short of the far-reaching changes needed to meet UN emission targets and limit global temperature rise to 1.5 degrees Celsius..
In January, Microsoft announced plans for its carbon footprint, pledging to remove as much carbon from the atmosphere as it has emitted over its 45-year history, and pledging $ 1 billion to create «Climate Innovation Fund» for investment in the development of carbon removal technology.