The fund is part of the CEO’s $ 10 billion pledge to support scientists, activists, NGOs and organizations working to protect the environment.
Bezos announced the news in an Instagram post on Monday, writing, “I have spent the last several months learning from a group of incredibly smart people who have fought against climate change and its impact on communities around the world.” Has made it his life’s work. ” . “I am inspired by what I am doing, and excited to help them.”
The full list of grantees is a mix of big name NGOs, laboratory, redistribution and climate justice groups.
These include: The Climate and Clean Energy Equity Fund, ClimateWorks Foundation, Dream Corps Green for All, Eden Reformation Projects, Energy Foundation, Environmental Defense Fund, The Hive Fund for Climate and Gender Justice, Natural Resource Defense Council, The Nature Conservancy, NDN Collective, Rocky Mountain Institute, Salk Institute for Biological Studies, The Solutions Project, Union of Concerned Scientists, World Resources Institute and World Wildlife Fund.
The news comes a year after Amazon announced “The Climate Pledge”, the company’s commitment to be 100% powered by renewable energy by 2025 and net zero carbon by 2040. Amazon has also purchased 100,000 electric delivery vehicles and invested $ 100 million. Afforestation Projects and “Climate Mitigation Solutions.”
Bezos wrote in his post on Monday, “We can all now take bold steps to protect the future of the Earth.”
Bezos’ $ 10 billion pledge is a portion of his personal net worth, which the Bloomberg Billionaires Index currently estimates is $ 18 billion.
And Amazon has been criticized for the environmental impact of emphasizing faster and faster shipping, as reported by CNN in 2019.
Bezos is under pressure from his employees to do more to protect the environment. Thousands of Amazon employees signed a letter in May 2019 asking how the company planned to react to climate change, and many of them did a walkout in September of 2019, asking it to do more.
The day before the walkout, Amazon vowed to go to carbon neutral by 2040, ten years ahead of the deadline set by the Paris Railway Agreement. The company also said that it will deploy 100,000 electric delivery vans by 2024.
In February, when Bezos announced a $ 10 billion pledge, Amazon Employees for Climate Justice, last year’s walkout group, said more needed to be done to address underlying causes such as fossil fuel consumption .
“Has Jeff Bezos shown us the right leadership,” he said in a statement at the time, “or will she remain entangled in the acceleration of the climate crisis while she is trying to help?”