Net-Zero

The AI boom is driving a massive increase in Big Tech’s carbon credit purchases, as companies like Amazon, Google, Microsoft, and Meta scramble to offset emissions from their energy-intensive AI infrastructure. Despite net-zero pledges, AI’s substantial resource demands make carbon credits a crucial mechanism for neutralizing their environmental footprint. This trend reflects a shift towards securing future supply and addressing residual emissions, with some suggesting AI underpins the immediate need for these credits.

Formula E is deepening its partnership with Google Cloud, integrating Gemini AI to enhance its net-zero carbon goals. This collaboration focuses on optimizing race logistics, refining operational efficiency through digital twins, and improving fan engagement with AI-powered race insights. The aim is to streamline back-office functions and reduce the sport’s carbon footprint by virtually simulating event planning.

WuXi Biologics (2269.HK) announced SBTi approval of its near-term and net-zero GHG emissions reduction targets, aligning with 1.5°C pathways and committing to net-zero across its value chain by 2050. As a leading Green CRDMO, WuXi Biologics implements a comprehensive strategy, engaging suppliers to reduce its environmental footprint. CEO Dr. Chris Chen views this as a catalyst for further action and delivering ESG excellence. The company holds MSCI AAA Rating, EcoVadis Platinum Medal, and DJSI listing.