Amazon will issue its first sustainability bond. The $1bn offering will use proceeds to fund projects in five areas, building on significant investments Amazon has made over the years: renewable energy, clean transportation, sustainable buildings, affordable Housing, and socioeconomic advancement and empowerment.

Part of a new Sustainable Bond Framework detailing investment to drive a positive impact on society and to help advance new technologies that decarbonise and preserve the natural world. So far the company has committed to be net-zero by 2040, employing 100,000 electric delivery vehicles and using fully renewable energy.

In addition, Amazon intends to make all shipments net-zero carbon, with a goal of delivering 50 per cent of all shipments with net-zero carbon by 2030.

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