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Microsoft is committed to reducing our environmental footprint, and over the past two years we continue to meet our goal of becoming carbon neutral. Our approach to meeting that goal, however, continues to evolve. Today, we are announcing another move to make our operations more environmentally sustainable by signing a 20-year power purchase agreement (PPA) for wind energy in Illinois that will be funded in part by proceeds from Microsoft’s carbon fee.
By now, it is likely common knowledge that driving accountability for carbon emissions is an important part of Microsoft’s commitment to carbon neutrality (or visit past blog posts for a refresher on our carbon fee program, including our Carbon Fee Playbook). Fortunately for our planet, carbon accountability is getting more attention both in the media and with companies and individuals who are able to help make a difference, and we are excited to play a part in increasing awareness around this issue. Recently, the Climate Disclosure Project (CDP) released a whitepaper featuring Rob Bernard and other thought leaders that focused on how corporations use carbon prices.
Today, Environmental Finance magazine published the results of its fifth annual Voluntary Carbon Market survey and recognized Microsoft for Best Corporate Offset Programme (registration required to access). In this survey, more than 720 companies nominated leading service providers active in the voluntary carbon markets. In light of the market’s growing maturity, Environmental Finance decided to include questions this year asking for nominations for the Best Corporate Offset Programme and the Best Offset Project. Voters were asked to make their selections on the basis of efficiency and speed of transaction, reliability, innovation, quality of service provided and influence on the market, not just the volume of transactions handled.
Today, we are pleased to announce Microsoft Finland as the winner of our first annual Sustainable Subsidiary of the Year Award! This award was created to recognize Microsoft subsidiaries that are embedding sustainable business practices into their everyday operations and are producing exceptional results.
Microsoft is once again partnering with others to further fuel cell innovations, with the goal of developing a very efficient, low-cost fuel cell system. Microsoft, Redox Power Systems LLC, the University of Maryland and Trans-Tech Inc. were recently awarded $5 million by the Advanced Research Projects Agency – Energy (ARPA-E) to develop transformational fuel cells.