Hi there,
After changing the way we shop, Amazon founder and CEO Jeff Bezos may be set to alter how the world manages the climate crisis, too.
His organization, the Bezos Earth Fund, is the largest funder of the Science Based Targets Initiative (SBTI), a world-renowned body backed by the United Nations. SBTI is the gold standard in validating what it means for a company to be “net zero.”
And just last year, despite Bezos’ funding, SBTI included Amazon on a list of companies that came up short in curbing their carbon footprint.
This week’s deep read unravels how the billionaire’s organization may be influencing the esteemed organization and how Amazon could propose changes that can affect how companies tackle climate change.
— Elyssa
THE BIG STORIES
1️⃣ Oatside sows 3x revenue growth as expansion bears fruit
Photo credit: Oatside
Singapore-based oat milk brand Oatside continues its winning streak. The company’s revenue grew by 3x in 2023 from a year earlier to S$53.8 million. Its strategy of establishing its production line and signing partnerships in key markets has proven effective for the milk alternative brand.
2️⃣ Overstretched VinFast slows US plant opening, prioritizes Asia
Vietnamese EV company VinFast initially wanted to enter the US by 2025. But the country’s volatile political climate and the slowdown of EV sales in the market, have made the young company rethink its strategy. It’s expediting its two Asian facilities instead to gain market share in developing countries in the region.
DEEP READ
Amazon and Bezos fund’s influence over carbon credit market raises alarm
Image credit: Timmy Loen
The Financial Times reported that environmental campaigns and critics have grown concerned over Amazon CEO and founder Jeff Bezos’ “perceived” influence on UN-backed SBTI.
TRENDING NEWS
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