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EMC Was Recognized for Efforts to Reduce Its Environmental Impact

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Jan. 24 2016, Updated 11:04 a.m. ET

Firm recognized as leader in environmental initiatives

EMC (EMC) has been recognized as a leader in environmental initiatives by CDP, as it has worked to reduce greenhouse gas emissions to mitigate climate change. EMC is among the 5% of companies to achieve CDP’s “A-List” status. Other tech firms that have achieved A-List status include Google (GOOGL), Adobe (ADBE), Cisco (CSCO), and Hewlett-Packard (HPQ).

EMC and 80 other US companies have pledged their commitment to reduce emissions, increase low-carbon investments, and deploy more clean energy. “The influence of the corporation is mighty,” said Paul Dickinson, executive chair and co-founder of CDP. “We congratulate the A-List companies that are illuminating the path to a low carbon future through their climate leadership. The momentum of business action on climate change suggests we are reaching a tipping point, where companies are poised to achieve their full potential. They need ambitious policy at both a national and international level that will support them in this regard and will catalyze participation from industry at scale.”

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EMC to obtain 20% global grid electricity from renewable resources by 2020

EMC will continue to minimize climate change impacts across its value chain. Its goal is to reduce greenhouse gas emissions by 80% by 2050. By 2020, EMC has pledged to “Realize a 40% absolute reduction of global Scope 1 and 2 GHG emissions below 2010 levels.” The company also aims to obtain 20% of global grid electricity from renewable resources by 2020.

Google constitutes 6.3% of the iShares US Tech ETF (IYW).

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