AGL 24.24 Increased By ▲ 0.77 (3.28%)
AIRLINK 107.70 Increased By ▲ 1.59 (1.5%)
BOP 5.12 Decreased By ▼ -0.05 (-0.97%)
CNERGY 3.63 Decreased By ▼ -0.03 (-0.82%)
DCL 7.32 Decreased By ▼ -0.48 (-6.15%)
DFML 42.10 Decreased By ▼ -2.09 (-4.73%)
DGKC 88.80 Increased By ▲ 0.30 (0.34%)
FCCL 21.75 No Change ▼ 0.00 (0%)
FFBL 41.85 Decreased By ▼ -0.67 (-1.58%)
FFL 8.61 Decreased By ▼ -0.14 (-1.6%)
HUBC 148.75 Increased By ▲ 0.95 (0.64%)
HUMNL 10.14 Decreased By ▼ -0.11 (-1.07%)
KEL 4.28 Decreased By ▼ -0.06 (-1.38%)
KOSM 3.59 Decreased By ▼ -0.20 (-5.28%)
MLCF 36.20 Decreased By ▼ -0.20 (-0.55%)
NBP 47.75 Decreased By ▼ -1.55 (-3.14%)
OGDC 129.10 Decreased By ▼ -1.75 (-1.34%)
PAEL 25.75 Decreased By ▼ -0.20 (-0.77%)
PIBTL 6.00 Decreased By ▼ -0.05 (-0.83%)
PPL 113.65 Decreased By ▼ -0.90 (-0.79%)
PRL 22.30 Decreased By ▼ -0.30 (-1.33%)
PTC 12.10 Decreased By ▼ -0.27 (-2.18%)
SEARL 54.98 Decreased By ▼ -0.72 (-1.29%)
TELE 7.11 Decreased By ▼ -0.14 (-1.93%)
TOMCL 37.11 Increased By ▲ 0.71 (1.95%)
TPLP 7.76 Decreased By ▼ -0.19 (-2.39%)
TREET 15.00 Decreased By ▼ -0.29 (-1.9%)
TRG 55.54 Decreased By ▼ -1.16 (-2.05%)
UNITY 31.20 Decreased By ▼ -0.65 (-2.04%)
WTL 1.15 Decreased By ▼ -0.02 (-1.71%)
BR100 8,248 Decreased By -46.7 (-0.56%)
BR30 25,878 Decreased By -223.8 (-0.86%)
KSE100 78,030 Decreased By -439.8 (-0.56%)
KSE30 25,084 Decreased By -114.2 (-0.45%)
Technology

IBM to become more environment friendly by 2030

  • IBM sets new climate goals to get rid of carbon emissions from its operations by 2030.
Published February 17, 2021
Source: Reuters
Source: Reuters

IBM sets new climate goals to get rid of carbon emissions from its operations by 2030, according to an announcement made by the company today.

Committed to play its part in combating the global climate crisis, IBM aims to prioritize actual reductions in its emissions, augment its energy efficiency efforts and increase clean energy use across the more than 175 countries.

Arvind Krishna, IBM Chairman and CEO, also explained that "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."

"I am proud that IBM is leading the way by taking actions to significantly reduce emissions," he explained in a recent press release.

In order to achieve its net zero goal, IBM hopes to achieve the following:

  1. Reduce greenhouse gas emissions 65% by 2025 against base year 2010;

  2. Procure 75% of the company's worldwide electricity consumption from renewable sources by 2025, and increase it to 90% by 2030.

  3. Use feasible technologies like carbon capture, in or by 2030, to remove emissions in an amount which equals or exceeds the level of IBM's residual emissions.

Microsoft and Amazon have also made similar pledges in the past, where the former focused on technological developments that reduced carbon dioxide in the atmosphere, while the later committed to reach net zero emissions by 2040.

Although, IBM is committed to fighting climate change, the company so far did not set any target for reducing emissions from its supply chain or consumer channels, according to The Verge. In order to actually reduce the company's carbon footprint, it it essential that IBM also devises sustainable strategies to reduce these indirect emissions.

Comments

Comments are closed.