Facebook has hit goals for 100% renewable coverage of its operations and reached net-zero emissions

The company made the announcement ahead of Earth Day, an annual event on April 22 that focuses on environmental protection.

Mark Zuckerberg posted on his Facebook page:

• With Earth Day soon, I'm happy to share that Facebook's operations are now 100% supported by renewable energy.
• We've reached net zero emissions for our operations and we're one of the largest buyers of renewable energy in the world

Facebook has poured $8 billion into green energy projects including 63 new wind and solar power plants around the world.
The social network said in the last 3 years, it cut down on its greenhouse gas emissions by 94%, surpassing its 75% reduction goal.

Eoghan Griffin, sustainability manager for EMEA at Facebook, said:

• We have massively and rapidly ramped up our progress on climate, we’re now working with energy providers to procure enough renewable energy to run our offices and our data centres
• Say for example we are going to build a data centre
• We know roughly how much energy it takes to run it, so we will work in partnership with an energy provider very early on in that process, giving them a sense of the market
• That way we are able to commit to it up front and they are able to fund the infrastructure, whether that’s solar panels or wind turbines

Shares of Facebook are up 10.8% in the year to date.
The S&P 500 SPX, -0.41% is up 9.8% in the same timeframe.
Facebook has jumped 71% over the past year.

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