Revenue, undertaken well by stakeholders, and working on measures to safeguard the environment while also reducing climate change are not mutually incompatible, according to Adam Selipsky, CEO of cloud giant Amazon Web Services (AWS), on Monday.
In an interview with Jim Cramer for “Mad Money,” Selipsky stated that Amazon’s entire corporation aims to be carbon-neutral by 2040, a decade earlier than the Paris climate agreement.
“Sustainability and profitability don’t have to be in conflict,” Selipsky said, citing instances at Amazon and AWS that make excellent commercial sense simply because they are better for the environment, such as energy-efficient cloud data centres.
More fundamentally, he stated that the corporation is incorporating low-carbon concrete into its data centres and office buildings, as well as looking for sustainable jet fuel to carry items. According to him, Amazon has decreased average packaging waste per shipping by 38% since 2015.
Selipsky also mentioned Amazon’s acquisition of electric truck producer Rivian Automotive — a hub in the company’s climate wheel — noting that by year’s end, Amazon would have thousands of Rivian cars on the road delivering deliveries in the United States alone.
Rivian obtained a $700 million investment from Amazon and a pledge from the e-commerce and data centre giant to acquire 100,000 custom-built electric delivery trucks as part of a strategy to electrify its last-mile network by 2040, just two years before its initial public offering in 2021.
Cramer questioned Selipsky if he believes his children would agree that Amazon makes sufficient efforts to protect the environment. “I hope they don’t think we’re doing enough yet,” Selipsky added, noting that the firm is still in its early stages. He noted that while Amazon may not have all of the solutions, he believes it is on the right course.
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