The Climate Pledge Fund makes investments into early-stage companies focused on decarbonizing or sustainable technologies and services.
The fund is part of Amazon's Climate Pledge initiative with climate advocacy group Global Optimism.
This corporate venture capital fund is distinct from the following sustainability-related organizations affiliated with Amazon: Amazon used the fund as the naming rights sponsor of Climate Pledge Arena, a sports and entertainment venue in Seattle that opened in 2021.
[2] The venue was designed with environmentally-friendly features and aimed to have net-zero emissions.
[3] As of December 2021, Matt Peterson, director, corporate new initiatives, and Kara Hurst, vice president and head of sustainability, lead the fund.