Amazon Invests $10 Million in Closed Loop Fund to Increase Recycling Rates across the Country

Company’s investment will divert 1 million tons of recyclable
material from landfill into the recycling stream eliminating the
equivalent of 2 million metric tons of CO2 by 2028

Amazon’s support will provide 3 million households across the U.S.
with curbside recycling

Initiative adds to Amazon’s waste reduction efforts, including its
Frustration-Free Packaging program that has eliminated over 500 million
boxes and more than 244,000 tons of packaging materials over the last 10
years

SEATTLE–(BUSINESS WIRE)–(NASDAQ: AMZN) – Amazon today announced that it will invest $10
million in Closed Loop Fund to support recycling infrastructure in the
United States. Amazon’s investment will increase the availability of
curbside recycling for 3 million homes in communities across the
country, making it easier for customers to recycle and further develop
end markets for recycled commodities. The investment will divert 1
million tons of recyclable material from landfill into the recycling
stream and eliminate the equivalent of 2 million metric tons of CO2 by
2028—equivalent to shutting down a coal-fired power plant for six months.

Roughly half of Americans today lack access to convenient, sufficient
curbside recycling at their homes. Closed Loop Fund finances the
building of advanced recycling infrastructure and services, bringing
this invaluable service to the community while saving taxpayers and
municipalities money.

“This investment will help build the local capabilities needed to make
it easier for our customers and their communities to recycle and to
increase the amount of material recycled across the country,” said Dave
Clark, Amazon’s Senior Vice President of Worldwide Operations. “We are
investing in Closed Loop Fund’s work because we think everyone should
have access to easy, convenient curbside recycling. The more we are all
able to recycle, the more we can reduce our collective energy, carbon,
and water footprint.”

Closed Loop Fund invests in sustainable consumer goods, advanced
recycling technologies, and the development of the circular economy. It
aims over the next 10 years to eliminate more than 16 million tons of
greenhouse gas, divert more than 8 million cumulative tons of waste from
landfills, improve recycling for more than 18 million households, and
save nearly $60 million for American cities.

CEO of Closed Loop Fund Ron Gonen added, “Amazon’s investment in Closed
Loop Fund is another example of how recycling is good business in
America. Companies are seeing that they can meet consumer demand and
reduce costs while supporting a more sustainable future and growing good
jobs across the country. We applaud Amazon’s commitment to cut waste,
and we hope their leadership drives other brands and retailers to follow
suit.”

Solving customers’ needs for recycling can create economic benefits in
the cities and towns where they live. Increasing the amount of recycled
materials available can also lead to a lower cost of goods sold, and
lessen the impacts of transportation, as there is no need to ship waste
to landfills. Cities also directly benefit through increased cash flow
and jobs, as most recycling is done locally.

Amazon’s investment in Closed Loop Fund furthers Amazon’s longstanding
commitment to reducing packaging waste through its Frustration-Free
Packaging
programs, which are designed to produce less waste than
traditional packaging. Amazon works directly with thousands of
manufacturers to help them redesign their packaging, eliminate waste
throughout the supply chain, and ensure products arrive undamaged on
customers’ doorsteps. Amazon introduced Frustration-Free Packaging 10
years ago, and it has eliminated more than 244,000 tons of packaging
materials to date, avoiding 500 million shipping boxes.

About Amazon

Amazon is guided by four principles: customer obsession rather than
competitor focus, passion for invention, commitment to operational
excellence, and long-term thinking. Customer reviews, 1-Click shopping,
personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle
Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa
are some of the products and services pioneered by Amazon. For more
information, visit amazon.com/about
and follow @AmazonNews.

About Closed Loop Fund

Founded in 2014, Closed Loop Fund is a social impact investment fund
that provides cities and recycling companies access to the capital
required to build comprehensive recycling programs. Closed Loop Fund
aims to invest $100 million by 2020 with the goal to create economic
value for cities by increasing recycling rates in communities across
America and build circular supply chains. Closed Loop Fund brings
together the world’s largest consumer product, retail, and
financial companies committed to finding a national solution to divert
waste from landfills into the recycling stream in order to be used in
the manufacturing supply chain.

Contacts

Amazon.com, Inc.
Media Hotline
Amazon-pr@amazon.com
www.amazon.com/pr

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