Amazon Concerned About Climate Change

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Liam Gill
February 05, 2024

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Amazon has updated its 2023 financial filing to include expanded disclosures on how the climate crisis could materially affect its business. This update highlights potential risks such as increased operating costs, investment requirements for transitioning to a low-carbon economy, decreased demand for products due to changes in customer behavior, compliance costs from regulations, and reputational damage. Amazon aims to be carbon neutral by 2040 and power its operations with renewable energy by 2025, among other environmental initiatives.

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