Over the past month and a half, Amazon and Apple have announced further commitments towards climate stabilization, fairness and inclusion, and deeper decarbonisation. The tech giant has a lot to clean up, but it’s also a leader in the adoption of clean, renewable energy. Yesterday I wrote about Apple’s latest climate action. Below are some of Amazon’s recent efforts.
Over $3 Million in USAID’s New Climate Gender Equity Fund
Amazon is working with USAID (United States Agency for International Development) to address gender inequality in the area of climate finance as it relates to women. The partnership will work to support and fund women entrepreneurs focused on climate change innovation. “Amazon will serve as a founding partner of USAID’s Climate Gender Equity Fund, which aims to remove systemic market barriers that prevent women and girls from accessing climate finance. It is a new climate finance facility that has
Amazon has invested $3 million in this partnership, and USAID matches Amazon’s $3 million. The focus is global, and funding is available not only to nonprofits, but also to commercial enterprises, accelerators, incubators, and more. change technology. Additionally, Amazon communicates with the following partners: Climate Pledge to try to inspire more investment and participation.
$50 million more for women-led climate tech companies
In addition to its $3 million commitments and partnerships, Amazon is directing $50 million into its own investments in women-led climate technology companies. This $50 million for her will come from Amazon. Climate Pledge Fund.
“As an important step towards solving climate change, we will address the gender inequalities that are entrenched in climate finance, ensure that women entrepreneurs participate equally at the table, and make the necessary contributions to scale up climate solutions. We have to have access to funding, networks and technical support,” said Kara Hurst, vice president of Worldwide Sustainability at Amazon. “We are proud to work with USAID and the Biden administration to scale up women-led climate solutions globally. We encourage other companies to join us in this effort.” The aforementioned link to the Biden administration is that this is linked to the Biden administration. National Strategy on Gender Equality, and the Biden Administration Apparently Working with Amazon.
Ironically, women-led companies make far more money per dollar invested than men-led companies, even though they make a fraction of the investment. . Yes, illogical gender bias still exists – sometimes to the extreme.
Amazon actually lists some recent actions it has taken to improve gender equity.
- commitment to United Nations Women’s Empowerment Principlesprovides business guidance on how to promote gender equity and empower women in the workplace, markets and communities.
- give $1 million to Resilience Fund for Women in Global Value ChainsWe invest in organizations that empower women in global value chains such as manufacturing, apparel and agriculture.
- partnership with BSR’s RE Project Combat gender discrimination by engaging suppliers, factory workers and management in China, Bangladesh, Vietnam and India. These efforts reached nearly 10,000 women.
- Investing in Elevate Future Fund, will increase funding for women and other underrepresented founders working on climate technology solutions, and companies that create economic opportunity for destitute and disadvantaged communities.This investment is new Amazon Catalytic Capital An initiative that provides access to capital for underrepresented entrepreneurs.
- collaboration with greentown lab, North America’s largest climate technology incubator that sources and engages new startups. The Climate Pledge Fund participates in pitch events such as “Access to Success,” a community event for diverse founders. Amazon also participates in Greentown Labs’ Industry Leadership Council.
- work together Elemental Accelerator, a climate technology startup accelerator that is a leader in promoting the principles of diversity, equity and inclusivity in climate technology. Elemental Excelerator recently launched Equity & Access Program Helping startup founders build equity in their organization’s teams and activities.
Admittedly, Amazon has problems. For example, a ridiculous amount of extra packages. But it’s good to see companies of that size and influence working hard to improve gender equality and invest in climate solutions and entrepreneurs.
Featured image courtesy of Amazon.
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