The Climate Pledge Fund is a division of
Amazon, set up to develop and manage investments in the climate technology space, as part of its Climate Pledge initiative. It is a
corporate venture capital fund.
History
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. It was funded with an initial $2 billion in June 2020.
This corporate venture capital fund is distinct from the following sustainability-related organizations affiliated with Amazon:
the $10 billion
Bezos Earth Fund, which provides philanthropic grants to environmental organizations globally
the $100 million Right Now Climate Fund, which provides philanthropic contributions to local and regional non-governmental organizations in Europe