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IBM makes net zero greenhouse emissions pledge

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IBM (NYSE: IBM) claims it will achieve net-zero greenhouse gas emissions by 2030 to address the global climate crisis.

The company said it will accomplish this goal by prioritising actual reductions in its emissions, energy efficiency efforts and increased clean energy use across the more than 175 countries where it operates.

"I am proud that IBM is leading the way by taking actions to significantly reduce emissions," said Arvind Krishna, Chairman and Chief Executive Officer, IBM.

"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 plans to reduce its greenhouse gas emissions by 65% by 2025 against base year 2010 and procure 75% of the electricity it consumes worldwide from renewable sources by 2025, and 90% by 2030.

The company also plans to use technologies, such as carbon capture (in or by 2030) to remove emissions in an amount which equals or exceeds the level of IBM's residual emissions.

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IBM's net-zero pledge also forms near-term targets to drive accountability and progress now.

As part of IBM's commitment to sustainability and its focus on the application of science and technology to solve major societal challenges, IBM Research has launched a Future of Climate initiative to accelerate the discovery of solutions to address the impacts of a changing climate.

Utilising a combination of artificial intelligence, hybrid cloud and quantum computing, IBM researchers are working with clients and partners to apply science to climate-related problems, such as the growing global carbon footprint of cloud workloads and data centres.

IBM's advocacy for environmental sustainability dates back decades, with its first corporate environmental policy statement issued in 1971.

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