Iceland has become the first food retailer internationally to join the Climate Pledge, a commitment to be net-zero carbon by 2040 – a decade ahead of the Paris Agreement’s goal of 2050.
Signatories to the pledge agree to measure and report on greenhouse gas emissions; put in place decarbonisation strategies in line with the Paris agreement; and neutralise any remaining emissions with additional, socially beneficial offsets to achieve net zero annual carbon emissions.
Iceland is one of 20 new signatories to the pledge, that represent diverse economic sectors, ranging from energy to agricultural and financial services. Each company is implementing science-based, high-impact changes to its business to help decarbonise the value chain, including innovating in circular economy, deploying clean energy solutions, and mobilising supply chains to reach net-zero.
Jeff Bezos, Amazon founder and CEO said “Amazon co-founded The Climate Pledge in 2019 to encourage companies to reach the goals of the Paris Agreement 10 years early, and we’re seeing incredible momentum behind the pledge with 53 companies from 18 industries across 12 countries already joining. Together, we can use our collective scale to help decarbonize the economy and preserve Earth for future generations.”
Richard Walker, Iceland Managing Director said “We believe that every business has a moral responsibility to take ambitious action to address these major and urgent sustainability issues; it is also a commercial imperative for any business that hopes to have a future. We are delighted to be the first food retailer to join The Climate Pledge and commit to be net-zero carbon by 2040.”
Find out more about the Climate Pledge at https://www.theclimatepledge.com/