By Colin Kellaher

 

International Business Machines Corp. on Tuesday said it has cut its operational carbon-dioxide emissions by 39.7% since 2005, putting the tech giant well ahead of schedule in its quest for a 40% reduction by 2025.

The Armonk, N.Y., company also said 47% of the electricity it consumed last year came from renewable sources, keeping it on track to source 55% of its electricity from renewables by 2025.

IBM said it implemented 1,660 energy-conservation projects at nearly 230 locations around the world last year. The company said the projects delivered annual energy savings of 136,000 megawatt hours, equal to 3.2% of its total energy use during the year--exceeding its goal of 3%.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

July 14, 2020 10:40 ET (14:40 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
International Business M... (NYSE:IBM)
Historical Stock Chart
From Jul 2020 to Aug 2020 Click Here for more International Business M... Charts.
International Business M... (NYSE:IBM)
Historical Stock Chart
From Aug 2019 to Aug 2020 Click Here for more International Business M... Charts.