HONG KONG — As Nvidia, the world’s most valuable company, announces a staggering annual revenue of US$215.9 billion [1], Greenpeace East Asia raises concerns that CEO Jensen Huang’s vision for an “AI industrial revolution” is built on outdated energy sources.

While Nvidia’s US$68.1 billion fourth-quarter revenue showcases record growth in the company’s history, its lack of concrete climate action and rising supply chain emissions have been overlooked by stakeholders. Despite the “agentic AI inflection point” emphasized by Huang during the company earnings call, Greenpeace East Asia has found that Nvidia continues to outsource its carbon footprint to fossil fuel-dependent manufacturing hubs in Taiwan and South Korea without any disclosure of direct investment in renewable energy projects on the ground.

“Jensen Huang claims that the ‘AI industrial revolution’ is upon us, yet we can’t rely on 19th-century energy sources for this transformation,” said Katrin Wu, Supply Chain Project Lead at Greenpeace East Asia.

“If the company has the financial resources to support rapid AI expansion, it can also invest in more renewable energy on the ground and contribute to the region’s energy transition.”

Despite branding its chips as “energy efficient,” Nvidia’s rapid growth is leading to a significant increase in global emissions, Greenpeace East Asia found:

  • The “F” Grade: In Greenpeace East Asia’s latest Supply Change report, Nvidia received an “F” for its efforts in supply chain decarbonization.
  • Skyrocketing Emissions: Scope 3 emissions—accounting for about 90% of Nvidia’s total carbon footprint—have nearly doubled [2] from 2022 to 2025.
  • The Supply Chain Gap: While Nvidia’s customers race to invest in AI computing, manufacturing partners like TSMC and SK Hynix remain reliant on fossil fuel-heavy energy grids [3].
  • The Nuclear Distraction: Nvidia’s push for nuclear energy expansion [4] raises concerns, as this controversial source poses security risks and could detract from investments in renewable energy.

Greenpeace East Asia urges Nvidia to leverage its market influence and take decisive action:

  • Aim to transition to 100% renewable energy throughout its supply chain by 2030
  • NVIDIA should make direct investments in renewable capacity in manufacturing regions.
  • Stop using “efficiency” as a justification for overall emissions growth.

“NVIDIA has the capital to shape a sustainable future,” said Wu. “If they lead the charge for green-powered manufacturing, the industry will follow. If they don’t, this so-called ‘revolution’ could be remembered as the moment we chose technology over a stable climate.”

END

Notes:

[1] NVIDIA Announces Financial Results for Fourth Quarter and Fiscal 2026

[2] Nvidia Ranks Last on AI Supply Chain Decarbonization, Greenpeace Report Finds

[3] TSMC’s $100B US investment sparks concerns over reliance on fossil fuels

[4]  NVIDIA and General Atomics Advance Commercial Fusion Energy

Media Contact:

Yujie Xue, International Communications Officer, Greenpeace East Asia (Hong Kong), +852 5127 3416, [email protected]