$50bn SDG-targeted investment proposals at SDG Investment Fair
Over 100 SDG-aligned projects with a total investment scope of $ 50 billion have been presented during the ...
IBM to become carbon neutral by 2030
IBM announced that it will achieve net zero greenhouse gas emissions by 2030 to further its decades-long work to address the global climate crisis.
The company will accomplish this goal by prioritizing actual reductions in its emissions, energy efficiency efforts and increased clean energy use across the more than 175 countries where it operates.
“I am proud that IBM is leading the way by taking actions to significantly reduce emissions,” said Arvind Krishna, Chairman and Chief Executive Officer, IBM.
“The climate crisis is one of the most pressing issues of our time. IBM’s net zero pledge is a bold step forward that strengthens our long-standing climate leadership and positions our company years ahead of the targets set out in the Paris Climate Agreement.”
IBM will reduce its greenhouse gas emissions 65% by 2025 against base year 2010. What’s most important in the fight against climate change is to actually reduce emissions. The company’s net zero goal is also accompanied by a specific, numerical target for residual emissions that are likely to remain after IBM has first done all it can across its operations to reduce.
It will also procure 75% of the electricity it consumes worldwide from renewable sources by 2025, and 90% by 2030.
The company will also use feasible technologies, such as carbon capture (in or by 2030) to remove emissions in an amount which equals or exceeds the level of IBM’s residual emissions.
IBM’s net zero pledge also establishes near-term targets to drive accountability and progress now. It is transparent in terms of how the company calculates and reports renewable energy use.
As part of IBM’s commitment to sustainability and its focus on the application of science and technology to solve major societal challenges, IBM Research has launched a Future of Climate initiative designed to accelerate the discovery of solutions to address the impacts of a changing climate.
Utilizing a combination of artificial intelligence, hybrid cloud and quantum computing, IBM researchers are working with clients and partners to apply science to complex climate-related problems, such as the growing global carbon footprint of cloud workloads and data centers, methods to accurately model and assess the risk of changing environments and climate patterns, and the development of new polymers, membranes and materials that can capture and absorb carbon at the origin of emission.
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