In a bid to bolster its sustainability efforts, Amazon has disclosed its investment in CMC Machinery, a firm pioneering technology aimed at crafting tailor-made boxes, thereby obviating the necessity for disposable plastic packaging.
The Climate Pledge Fund, an initiative dedicated to backing enterprises that can hasten Amazon’s progress towards fulfilling The Climate Pledge commitment, spearheaded this investment. The pledge, endorsed by over 200 global businesses, seeks to expedite the transition to a carbon-neutral economy. The fund, valued at $2 billion, targets companies crafting solutions conducive to achieving net-zero carbon emissions.
Kara Hurst, Amazon’s Vice President overseeing Global Sustainability, expressed enthusiasm for investing in innovative technologies via The Climate Pledge Fund. Hurst emphasized Amazon’s ongoing quest to identify groundbreaking ventures capable of propelling the shift towards a low-carbon future.
CMC Machinery’s groundbreaking technology specializes in crafting bespoke boxes precisely tailored to accommodate the dimensions of each item in an order. This innovation ensures accurately sized packaging, eliminating the necessity for disposable plastic padding while still ensuring the safe transit of goods.
By the close of 2022, Amazon anticipates a 24% reduction in the cubic volume of each box on average, facilitated by CMC Machinery’s technology. Furthermore, the company foresees a significant decline in the usage of plastic air pillows, estimating a reduction of approximately 1 billion units by the end of 2022.
Francesco Ponti, CEO and Strategic Business Development Director of CMC Machinery, lauded the investment as a testament to the enduring partnership between Amazon and CMC Machinery. Ponti underscored the shared commitment towards minimizing the environmental footprint associated with e-commerce packaging, expressing pride in their technology’s role in advancing The Climate Pledge’s objectives and fostering a transition towards a carbon-neutral future.