Microsoft Corp
The company attributes these challenges to its unique position as a leading cloud supplier aggressively expanding its data centers to keep pace with competitors like Amazon.Com Inc
The company has heavily invested in OpenAI, the creator of ChatGPT, and is developing its AI tools.
Despite a 6.3% reduction in direct and energy-related emissions in 2023 compared to its 2020 baseline, emissions from Microsoft's supply chain, which constitute the majority of its total emissions, soared by 30.9%. This led to an overall increase in emissions by 29.1%, Financial Times cites from the report.
Microsoft announced on Wednesday that it would require its "high volume" suppliers to use 100% carbon-free electricity for all goods and services provided to the company by 2030.
Moreover, Microsoft plans to support around $10 billion in renewable energy projects developed by Brookfield Asset Management, aligning its clean energy objectives with AI developments.
Earlier, Salesforce, Inc
Analysts deem Microsoft's Azure poised for public cloud leadership by 2032.
Price Action: MSFT shares traded higher by 0.12% at $423.57 at the last check Thursday.