Professional services company Cognizant announced today a series of new climate goals, including targets to reach net zero emissions by 2030, and to reduce emissions across its operations and supply chain by 90% by 2040.
To reach its targets, the company outlined several initiatives, including the development of a science-based emissions reduction target and submitting it for third-party validation with the Science-Based Targets initiative (SBTi), expanding its use of onsite solar energy, entering new power purchase agreements with clean energy developers, and investing in new energy-efficient equipment and technologies across its offices and data centers.
Sophia Mendelsohn, Chief Sustainability Officer and Head of Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. at Cognizant.
“We designed Cognizant’s net zero roadmap to marshal the global resources of a Fortune 200 technology services company to help accelerate the world’s movement to a low-carbon economy. Through our goal, we will strengthen the demand for renewable energy and energy efficient technology.”
In addition to the net zero agenda, the company stated that it is developing solutions to enable its client base to reduce their own carbon footprints, reducing waste, and sustainable product development by leveraging technology advancements in AI, data and analytics, cloud of IoT.
Brian Humphries, Chief Executive Officer at Cognizant, said:
“Climate change is widespread, rapid and intensifying. As a global company, we take seriously our responsibility to leverage our expertise and resources to help address climate change. I am proud to announce that Cognizant commits to achieve net zero emissions by 2030. We will also extend our expertise in cloud, IoT and AI to help our Global 2000 clients meet their sustainability goals, reduce their carbon footprints and sharpen their competitiveness.”