Amazon has introduced a new service to help companies in its value chain invest in high-quality carbon credits, supporting their net zero climate goals. The initiative aims to tackle market challenges such as transparency and quality by leveraging Amazon’s scale and expertise.
The service will focus on three key areas: preventing deforestation, restoring forests, and advancing technological carbon removal. Amazon will work with third-party experts to validate projects and employ rigorous evaluation methods rather than relying solely on existing standards.
An expansion of Amazon’s Sustainability Exchange platform, the service will be available to Amazon suppliers, enterprise customers, and Climate Pledge signatories. Eligible companies must have net zero targets covering Scopes 1, 2, and 3 emissions, publicly report their carbon footprint, and implement science-based decarbonization strategies.
Amazon’s Chief Sustainability Officer, Kara Hurst, highlighted the importance of credible carbon markets, stressing the need to halt deforestation and restore forests to combat climate change. She noted that the new service will help direct private sector funding into impactful projects.
