Microsoft, Nike, Unilever, Danone, Mercedes-Benz, Moller-Maersk, Wipro, and Natura have formed a group that will collaborate on mitigating the menace of global warming and climate change. Dubbed "Transform to Net Zero", the global carbon-neutral group will focus on sharing resources and tactics for slashing carbon emissions.
Besides this, the group is aiming to work with the Environmental Defense Fund to encourage the use of carbon-reduction technology and coordinate on public policy goals. The consortium plans to recruit more members down the lane as well.
The formation of this group comes at a time when concern about climate change and global warming has grown significantly in recent years. As such, many prominent tech giants and multinational corporations have pledged to reduce their carbon emissions. Back in January, Microsoft announced that it will go carbon-negative by 2050, meaning that it will actively remove its carbon emissions from the atmosphere and then some. Amazon has also pledged to be carbon-neutral in the future.
Criticism has been leveled against these firms for supplying cloud-computing technology to large oil and gas producers. The report from Greenpeace back in May criticized Microsoft, Amazon, and Google for continuing business with firms specializing in producing energy with non-renewable sources despite feigning support for renewable energy. Google responded to it by saying that it won"t be developing custom AI tools for oil and gas producing companies.
Source: Bloomberg