Amazon.com Fails to Get CO2 Endorsement From Key Watchdog (2)

Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from the world’s leading watchdog of corporate climate goals.

The Science Based Targets initiative, a United Nations-backed entity that validates net zero plans, has removed Amazon from its list of companies taking action on climate goals after the tech behemoth failed to implement its commitment to set a credible target for reducing carbon emissions.

The move raises questions around Amazon’s status as a preferred stock among funds marketing themselves as ESG. The world’s largest ESG exchange-traded fund, which is ...