The Climate Pledge: Signed by Rivian, Cabify, Boom Supersonic, JetBlue and Uber | Financial Buzz

The Climate Pledge: Signed by Rivian, Cabify, Boom Supersonic, JetBlue and Uber

During the Web Summit 2020, Amazon.com, Inc. (NASDAQ: AMZN) and Global Optimism have reported that Rivian, Cabify, Boom Supersonic, JetBlue and Uber has joined The Climate Pledge to commit to a net-zero carbon business by 2040, a decade earlier than the Paris Agreement’s goal of 2050.  The Climate Pledge participants agree to measure and report greenhouse gas emissions on a regular basis and implement decarbonization strategies inline with the Paris Agreement.  This includes neutralizing any remaining emissions to achieve net-zero annual carbon emissions by 2040.  “By signing The Climate Pledge, companies around the world are making a bold commitment to help protect our planet from the devastating impacts of climate change,” said Jeff Bezos, Amazon founder and CEO. “The transportation sector plays a critical role in accelerating our carbon reduction goals, and we welcome Boom, Cabify, JetBlue, Rivian, and Uber as they join us on the journey to net-zero carbon by 2040. The 18 companies who have signed The Climate Pledge so far are demonstrating leadership in the vital transition to a low-carbon economy that will help preserve the environment for future generations.”

Boom plans to bring supersonic travel to supersonic flights as its airliner Overture is designed to lead in the industry by speed, safety and sustainability.  “In building the world’s fastest airliner, Boom is taking an all-encompassing approach to sustainability. Having made sustainability a company priority from day one, we have been able to build best practices of environmental protection into our programs since the beginning,” said Blake Scholl, Boom founder and CEO. “We are thrilled to join The Climate Pledge and to ensure that speed and sustainability are compatible with one another.”

Cabify is the first of its kind urban mobility app in Latin American and Europe to be carbon neutral by offsetting all of the carbon emissions that it generates.  “Efficient urban mobility is key in the fight against climate change,” said Juan de Antonio, Cabify founder and CEO. “Cabify wants to be part of the solution, and that’s why for the third year in a row we have committed to offsetting the carbon emissions that our riders and operations generate while we continue to support the electrification of the fleets we work with. We’re pleased to join The Climate Pledge to continue to be transparent about our sustainability journey.”

Rivian has planned to launch a range of adventure oriented vehicles, including delivery vans for Amazon last mile delivery applications.  Uber has planned to become fully zero-emission zero platform by 2040 with all of its rides taking place in zero-emission vehicles.  JetBlue became the first and only U.S. airline to achieve carbon neutrality for all domestic flights in July 2020. 

“The Paris Agreement set out a unifying roadmap for all countries and all people to address the climate crisis by taking action,” said Christiana Figueres, the UN’s former climate change chief and Global Optimism’s founding partner. “By joining The Climate Pledge, signatories are not just making a statement of commitment to the future, they also are setting a pathway to significant actions and investments that will create jobs, spur innovation, regenerate the natural environment, and help consumers to buy more sustainable products.”