Janet Yellen, the Treasury Secretary, is urging Amazon to take stronger action on climate change. Yellen sent a letter to Amazon CEO Andy Jassy expressing concerns about the company's carbon footprint and urging them to set more ambitious goals. She also called on Amazon to disclose more information about its emissions and to support global efforts to combat climate change. Amazon has previously committed to becoming net-zero carbon by 2040 and has pledged to invest $2 billion in renewable energy projects [726d1d00].
Amazon and other major businesses are increasing their efforts to reduce their carbon footprint, and they are now pressuring their suppliers to do the same. Those who fail to meet the sustainability standards may face significant consequences, according to a report by CNBC [4cca8915]. This move is part of a broader push by companies to address climate change and promote environmental responsibility throughout their supply chains.
The stress test will assess the carbon emissions and sustainability practices of Amazon sellers and suppliers. Those who do not meet the required standards may face penalties, including potential loss of business from Amazon. This initiative aims to encourage suppliers to adopt more sustainable practices and reduce their environmental impact.
As the world's largest online retailer, Amazon has a significant influence on the shipping industry. By holding their suppliers accountable for their carbon footprint, Amazon is taking a proactive approach to address the environmental impact of shipping. This move aligns with the growing recognition of the shipping industry's contribution to climate change and the need for collective action to mitigate its effects.
U.S. Treasury Secretary Janet Yellen has announced the launch of the Amazon Region Initiative against the Illegal Economy. This initiative is a collaboration between the United States, Brazil, Colombia, Ecuador, Guyana, Peru, and Suriname, aimed at combating illegal activities that contribute to the destruction of the Amazon rainforest [a35392b0]. The initiative seeks to prevent environmental crimes through information exchange, training, and efforts to trace dirty money and combat money laundering.
The United States is launching a new initiative to help South American nations disrupt illicit activities that harm the Amazon rainforest, Treasury Secretary Janet Yellen announced in Brazil. Yellen stated that criminal organizations and individuals in the Amazon are motivated by financial gain and generate hundreds of billions of dollars each year through illegal activities. The US Treasury will provide support through coordination efforts, including hosting 'follow the money' trainings, enhancing information sharing, and supporting joint investigations. The initiative will involve the United States, Brazil, Colombia, Ecuador, Guyana, Peru, and Suriname. Yellen also mentioned the possibility of considering sanctions to hold illicit actors accountable and disrupt their activities. The Amazon, which covers nearly 40 percent of South America, has lost about 20 percent of its area to deforestation in the last century. The Inter-American Development Bank has also increased resources for projects in the Amazon from $1 billion to $4.2 billion in one year, further supporting efforts to combat deforestation and promote sustainable development in the region [89399ff3].
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