Microsoft, Nike, Unilever announce global carbon neutral group

Bloomberg July 21 | Updated on July 21, 2020

Microsoft Corp, Nike Inc, Starbucks Corp, Unilever NV and Danone SA are teaming up in a new consortium devoted to sharing resources and tactics for slashing carbon emissions, bringing together the efforts of some of the biggest global companies that have pledged to take action against climate change.

The group, called Transform to Net Zero, also includes automaker Mercedes-Benz AG; Danish shipping giant AP Moller-Maersk A/S; Indian information-tech firm Wipro Ltd ;and Natura & Co, the Brazilian cosmetics firm that owns Avon. The alliance, which plans to recruit other members, will work with the non-profit Environmental Defense Fund and will share information on cutting emissions, investing in carbon-reduction technology and coordinating on public policy goals.

Microsoft announced in January that it plans to be carbon-negative removing more carbon dioxide from the atmosphere than it emits by 2030, and the software maker allocated $1 billion to a climate-innovation fund to invest in ways to reduce and remove carbon emissions, one of the most aggressive corporate plans. By 2050, the company plans to remove the equivalent of all of its emissions since Microsoft’s founding in 1975. Inc has also made a carbon-neutral pledge and recruited other companies to join. Both technology giants have come under fire from climate activists for continuing to provide cloud-computing services to large oil and gas producers.

Published on July 21, 2020

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