'Amazon Says Its Carbon Emissions Fell For First Time Last Year; Renewables And Slowing Sales Growth Drove The Improvement; Company Doesn't Count Emissions From Vendors, Small Sellers' - Bloomberg
Portfolio Pulse from Happy Mohamed
Amazon.com Inc. reported a decrease in its carbon emissions for the first time, attributing the improvement to increased purchases of renewable electricity and a slowdown in sales growth. The company emitted 71.27 million metric tons of carbon dioxide equivalent in 2022, down 0.4% from the previous year.
July 18, 2023 | 1:29 pm
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Amazon's reported decrease in carbon emissions, driven by increased use of renewable energy and slower sales growth, could potentially enhance its corporate image and appeal to environmentally conscious investors.
The reported decrease in Amazon's carbon emissions could be seen as a positive development by investors who prioritize environmental sustainability. This could potentially increase the attractiveness of Amazon's stock. However, the slowdown in sales growth could be a concern for some investors, potentially offsetting some of the positive impact.
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IMPORTANCE 75
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