Amazon’s CO2 Emissions INCREASE: The retail giant’s carbon footprint is up 40% since 2019.

Amazon’s carbon emissions are up 18% in 2021, largely due to demand for its services during the Covid pandemic.

In a new report, the Seattle-based tech giant said it emitted 71.54 million metric tons of carbon dioxide equivalent last year.

That means a 40% increase and a third straight year of increased emissions since the company began sharing numbers back in 2019.

It follows the Amazon $2 billion loss announcement last week for the second consecutive quarter as shoppers return to stores after the pandemic.

In a new report, Amazon said it emitted 71.54 million metric tons of carbon dioxide equivalent last year, up 40% from 2019 (pictured at Amazon’s Seattle offices).

AMAZON CARBON EMISSIONS

2021: 71.54

2020: 60.64

2019: 51.17

Figures are per million metric tons of carbon dioxide equivalent (CO2e), the number of metric tons of CO2 emissions with the same global warming potential as one metric ton of another greenhouse gas.

Amazon aims to be carbon neutral by 2040 and 100% renewable energy by 2025.

But in s Blog PostAmazon said its “carbon-intensive efforts” mean the path to decarbonization “remains challenging.”

“We operate businesses—delivery and transport logistics, physical stores, food, manufacturing, and cloud computing services—that include moving products, manufacturing goods, and building computing power at scale,” the firm said in a statement.

“While some of these businesses, including cloud computing and e-commerce, offer higher efficiencies, some are more carbon-intensive.”

Amazon said it had to scale its business at an “unprecedented pace” to meet customer needs during the pandemic.

Amazon’s sprawling business spans fulfillment centers, delivery vehicles, technology devices, grocery stores, cloud services, data centers, and more.

The largest percentage increase in emissions was in a category that Amazon calls capital goods, including building construction, servers and other hardware, equipment and vehicles.

The 71.54 million metric tons of carbon dioxide equivalent represents a 40 percent increase and the third straight year of increased emissions since the company started sharing the numbers back in 2019.

The 71.54 million metric tons of carbon dioxide equivalent represents a 40 percent increase and the third straight year of increased emissions since the company started sharing the numbers back in 2019.

In the positive light of its massive carbon footprint, Amazon said its carbon intensity — carbon emissions divided by gross product sales — was down 1.9%.

According to the firm, 2021 is the third year in a row that its carbon intensity has declined, and further reductions in carbon intensity could lead to lower absolute emissions.

In its quest to become carbon neutral by 2040, Amazon will build greener buildings, use more zero-emission vehicles and decarbonize its supply chain, and power all operations with 100% renewable energy in just two years.

Last year, the company reached the milestone of using 85% renewable energy.

Amazon's sprawling business spans fulfillment centers, delivery vehicles, technology devices, grocery stores, cloud services, data centers, and more.

Amazon’s sprawling business spans fulfillment centers, delivery vehicles, technology devices, grocery stores, cloud services, data centers, and more.

Amazon is constantly expanding its zero-emission transportation options such as electric delivery vans, cargo bikes, and delivery on foot.

Last year, more than 100 million parcels were delivered to customers’ doorsteps around the world using zero-emission vehicles.

In 2019, Amazon co-founded The Climate Pledge and committed to being carbon neutral by 2040, 10 years ahead of the Paris Agreement.

This means that any of its carbon emissions will be balanced by offset schemes for an equivalent amount of greenhouse gases from the atmosphere.

Currently, more than 300 businesses and organizations have signed The Climate Pledge, including Sainsbury’s, Virgin Media O2, Salesforce, HP, Logitech and Avivia, which have also committed to zero net emissions by 2040.

AMAZON POSTS $2.03 BILLION SECOND-QUARTER LOSS BUT REVENUE BETTER THAN Estimates

Amazon posted its second straight quarterly loss at the end of July, but its revenue beat Wall Street’s expectations, sending its stock soaring.

The Seattle-based e-commerce giant also said it is making progress in controlling some of its excess spending as a result of its massive expansion during the COVID-19 pandemic.

Amazon lost $2.03 billion, or 20 cents a share, in the three-month period ending June 30, due to a $3.9 billion write-off of the value of its investment in shares of electric vehicle startup Rivian Automotive.

This compares to a profit of $7.78 billion a year ago. In the first quarter of this year, the company posted a $3.84 billion loss, the first quarterly loss since 2015 that was also marked by a large write-down of Rivian’s stock. Analysts were expecting a 12-cent gain in the most recent quarter, according to FactSet.

But Wall Street rejoiced at Amazon’s $121.2 billion in revenue, beating expectations of $119 billion. The results come as the company struggles to cope with changing consumer demand and higher costs while cutting back on excess storage space acquired during the Covid-19 pandemic.

Shares of Amazon.com Inc. rose nearly 14% in after-hours trading.

Source: Associated Press.