The Climate Pledge Fund
We know that substantial investment is needed to develop solutions that will facilitate the transition to a low-carbon economy. The Climate Pledge Fund is a $2 billion venture investment program supporting the development of sustainable technologies and services that will enable Amazon to meet our net-zero carbon goal. As of the end of 2021, Amazon had invested in 13 companies across multiple industry sectors since launching this fund in 2020.
The Climate Pledge Fund invests in companies across multiple industry sectors, with an initial focus on:
- Transportation and logistics
- Energy generation, storage, and utilization
- Manufacturing and materials
- Circular economy
- Food and agriculture
In 2021, Amazon invested in the following companies and initiatives to accelerate sustainability progress.
In 2021, The Climate Pledge Fund joined Greentown Labs, the largest climate tech startup incubator in North America. The Climate Pledge Fund’s engagement with climate tech startups will help accelerate the transition to a low-carbon economy.
The Climate Pledge Fund also joined Elemental Excelerator’s Scale-Up Program. Together, Elemental Excelerator and Amazon are working to accelerate a pathway to decarbonization that mitigates the impact of climate change more quickly and equitably.