Commercial, GHG Emissions - February 18, 2021
IBM pledges net zero emissions by 2030
IBM announced Feb. 16 that it is committed to achieving net zero greenhouse gas emissions by 2030.
The company plans to target actual reductions in emissions, energy efficiency efforts and increased renewable energy use across the 175 countries where it operates to achieve this goal.
In the interim, the tech company is targeting a 65% reduction in emissions by 2025 against a 2010 baseline and plans to use new technology like carbon capture by 2030 to remove emissions equal to or above the level of its residual emissions. Part of its net zero commitment includes specific targets for residual emissions that will remain after all operational emissions that can be reduced are dealt with.
"I am proud that IBM is leading the way by taking actions to significantly reduce emissions," said Arvind Krishna, Chairman and Chief Executive Officer at IBM, said in a statement. "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."
IBM is also committed to procuring 75% of its electricity consumption from renewable sources by 2025 and 90% by 2030.
The company’s researchers are working with clients and partners to develop climate solutions to problems such as the growing carbon footprint of cloud workloads and data centers, methods to model and assess the risk of changing climate patterns and developing new carbon capture technology.