SAN JOSE, Calif., Oct. 14, 2021 /PRNewswire/ -- eBay Inc.
today announced its continued commitment to climate action by
setting an ambitious greenhouse gas (GHG) target approved by the
Science Based Targets initiative (SBTi). eBay commits to reduce its
own (scope 1 and scope 2) emissions 90% by 2030 from a 2019 base
year, in line with limiting global temperature warming to 1.5°C–
the most ambitious designation available through the SBTi process
and aligned with the Paris Agreement. eBay also commits to reduce
value chain (scope 3) emissions from downstream transportation and
distribution by 20% in the same timeframe. These emissions
represent the transportation of the goods shipped using its
platform and eBay will work with its logistics providers to offer
low-carbon alternatives.
Separate from the science-based target, eBay is also committing
to be carbon neutral for its offices and data centers (scope 1 and
2) by the end of 2021. With this commitment eBay will continue to
prioritize reducing its footprint and will offset any remaining
emissions to be carbon neutral from this year on.
"At eBay, we believe we have an urgent and important
responsibility to mitigate the impact of climate change," said
Renee Morin, Chief Sustainability
Officer at eBay. "We are committed to ambitious action and the
approval of our science-based target along with our accelerated
carbon neutrality goal are critical to the work we are doing to
have real, measurable impact."
"We congratulate eBay on setting science-based targets
consistent with limiting warming to 1.5°C, the most ambitious goal
of the Paris Agreement," said Alberto
Carrillo Pineda, Managing Director, Science Based Targets at
CDP, one of the SBTi partners. "By setting ambitious science-based
targets grounded in climate science, eBay is taking action to
prevent the most damaging effects of climate change."
Impactful Investments
To reduce its environmental impact, eBay has taken a number of
steps including reduction of overall energy use, moving electricity
supply to renewable energy sources, reduction of water usage, waste
diversion and more. In 2020, eBay sourced 74% of its electricity
supply from renewable energy, up from 66% in 2019 and eBay's
San Jose headquarters is 100%
powered by renewable energy, with a target to cover 100% of our
operations by 2025.
From eBay's SBT baseline year of 2019 to 2020, eBay's has
already reduced scope 1 and scope 2 greenhouse gas emissions by 19%
primarily due to increased investment in renewables.
Looking Ahead
eBay is continuing to accelerate its transition to a clean
energy economy, for example the recent investment alongside
McDonald's with Lightsource bp to purchase power from what will be
Louisiana's largest solar project.
Once completed in mid-2023, the project will generate over 600,000
megawatt-hours (MWh) of clean energy annually, which is estimated
to abate more than 450,000 metric tons of GHG emissions
annually.
Learn more about eBay's commitment to environmental best
practices including support for the United Nations Sustainable
Development Goals here.
About eBay
eBay Inc. (Nasdaq: EBAY) is a global
commerce leader that connects millions of buyers and sellers in
more than 190 markets around the world. We exist to enable economic
opportunity for individuals, entrepreneurs, businesses and
organizations of all sizes. Founded in 1995 in San Jose, California, eBay is one of the
world's largest and most vibrant marketplaces for discovering great
value and unique selection. In 2020, eBay enabled over $85 billion of gross merchandise volume. For more
information about the company and its global portfolio of online
brands, visit www.ebayinc.com.
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SOURCE eBay Inc.