IBM's (NYSE: IBM) operational CO2 emissions have been reduced by 39.7% since 2005, according to IBM's 30th annual IBM and the Environment Report, released today. The achievement puts IBM well ahead of schedule in reaching its current goal of a 40% reduction in CO2 emissions by 2025.
In addition, Forty-seven percent of the electricity IBM consumed in 2019 came from renewable sources, keeping the company on track to get 55% of its electricity from renewables by 2025.
"IBM was instrumental in establishing corporate environmental reporting three decades ago because we saw that embracing openness drives results," said Wayne Balta, vice president of environmental affairs and product safety. "Our continual and dependable progress throughout the years has been underscored by our dedication to transparent reporting and IBM's values."
Other highlights from the report; in 2019:
These solutions demonstrate "good tech" and the art of the possible. For example, IBM Research developed an AI-based forecasting and control system that improves electricity storage in photovoltaic systems. And IBM created a digital farming platform that will provide farmers with hyperlocal weather forecasts in addition to offering real-time recommendations tailored to the specific needs of individual fields and crops, helping to increase crop production, save water and decrease the need for fertilizers and pesticides.
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