Global technology company IBM announced today a series of ambitious climate targets, including a commitment to achieve net zero greenhouse gas (GHG) emissions by 2030.
In order to achieve its new net zero goal, the company stated that it will prioritize actual reductions in its emissions, pursue energy efficiency efforts and increase the use of clean energy use across its operations in more than 175 countries. IBM set an interim goal to reduce GHG emissions by 65% by 2025, and will target procuring renewable energy for 75% of the electricity it consumes worldwide by 2025, and 90% by 2030.
IBM also pledged to use feasible technologies such as carbon capture to remove emissions in an amount equal to or greater than the level of its residual emissions by 2030, noting that its new emissions target is based on the energy the company can actually consume, not on the purchase of unrelated, unbundled renewable energy certificates. IBM Research has launched a Future of Climate initiative designed to accelerate the discovery of solutions to address the impacts of a changing climate, and the company recently announced that it has joined several other major companies as inaugural members of the MIT Climate and Sustainability Consortium (MCSC), with a mission to accelerate the large-scale, real-world implementation of solutions to address the threat of climate change.
Arvind Krishna, Chairman and Chief Executive Officer, IBM, said:
“I am proud that IBM is leading the way by taking actions to significantly reduce emissions. The climate crisis is one of the most pressing issues of our time. IBM’s net zero pledge is a bold step forward that strengthens our long-standing climate leadership and positions our company years ahead of the targets set out in the Paris Climate Agreement.”