Microsoft has made two bold New Year’s resolutions.

One is to become carbon negative by the year 2030 – meaning it will be taking more carbon out of the air than its operations and those of its supply chain produce.

The second is to have removed more carbon by 2050 than it has emitted in its entire history.

The tech giant is raising the stakes in the corporate race to show greater awareness of environmental concerns. Microsoft says it will meet its goal using a range of carbon capture and storage technologies. The company is also setting up a $1b climate innovation fund to develop carbon-tackling technologies. It will also make carbon reduction an explicit aspect of our procurement processes for our supply chain.

Tech companies’ manufacturing and data-processing centres create large amounts of carbon dioxide and companies are increasingly feeling pressure to take action on emissions. A growing number of investors want to see changes, as do many consumers and employees. Companies also face calls to use fewer fossil fuels in plastics and packaging.

Some Microsoft rivals also have similar carbon neutral plans. Software-maker Intuit has pledged to be carbon negative by 2030.  Google has launched a set of digital tools to allow cities to track and reduce emissions. The search giant also offsets its own emissions by investing in green projects.

All three companies are top holdings of the Harvest Portfolios Group’s Harvest Tech Achievers Growth & Income ETF (TSX:HTA,HTA.U).

The ETF is an actively managed portfolio of 20 global technology leaders with an average market capitalization of CAD $404 billion as of Dec. 31, 2019. The ETF’s portfolio has an average dividend yield of 1.18% and a current distribution yield of 6.15%.

The top holdings by sector for HTA are semiconductors and equipment (30%), software (29%), IT services (20%), interactive media (10%) and hardware and communications equipment (10%).

For more on Harvest ETFs click here.

The views and/or opinions expressed in the article are of a general nature and are for informational purposes only. Article contents should not be considered as advice and/or a recommendation to purchase or sell the mentioned securities or used to engage in personal investment strategies. Investors should consult their investment advisor before making any investment decision.