Investments in 2021 In 2021, Amazon invested in the following companies and initiatives to accelerate sustainability progress across the areas of transportation, aviation, freight, packaging, farming, and technology: Amogy is developing a system to convert green ammonia to power that will be emission-free at the point of use. With the potential to become one of the first scalable ammonia- to-power systems, Amogy’s technology carries enough energy density to support long-distance transportation such as cargo shipping. This would be a significant step in helping decarbonize the main transport mode for global trade. Amogy’s technology also has future implications for Amazon’s own decarbonization goals, including those set by The Climate Pledge. Investing in Innovation Through The Climate Pledge Fund We know that substantial investment is needed to develop solutions that will facilitate the transition to a low-carbon economy. The Climate Pledge Fund is a $2 billion venture investment program supporting the development of sustainable technologies and services that will enable Amazon to meet our net- zero carbon goal. As of the end of 2021, Amazon had invested in 13 companies across multiple industry sectors since launching this fund in 2020. BETA Technologies is reshaping air transportation with an electric vertical takeoff and landing (eVTOL) aircraft. This aircraft, called the ALIA, can carry three cargo pallets, or up to six people, for zero operational emissions delivery of cargo, medical supplies, or passengers. Amazon’s investment in BETA Technologies advances our path to zero-emissions package delivery and builds on our previous investment in ZeroAvia, the developers of hydrogen-electric aviation solutions. Hippo Harvest is an agricultural company using plant science, machine learning, and robotics to grow leafy greens and other produce in greenhouse environments. Hippo Harvest’s technology addresses the emissions and waste that result from traditional produce farming. These include fertilizer and land use, transportation, and landfill methane from wasted produce, which account for roughly 30% of the emissions from crops grown for human consumption. The greenhouse system can be deployed almost anywhere, allowing produce to be grown closer to consumers. This cuts down emissions from produce transportation and increases the shelf life of fresh produce by up to five days. As a grocery retailer, Amazon is committed to supporting new produce solutions like those offered by Hippo Harvest as we grow our product offerings at our Amazon Fresh and Whole Foods Market stores. CMC Machinery designs and manufactures custom-sized boxes tailored to the dimensions of the items in each order. This technology lowers or removes the need for single-use plastic padding while still protecting items during shipping. Amazon expects that by the end of 2022, this technology could reduce the cubic volume of the boxes we use for package deliveries by 24% on average, and the technology is projected to reduce our use of approximately 1 billion plastic air pillows by the end of 2022. 2021 Sustainability Report Introduction I Environment I Society I Governance I Appendix 16