HubSpot Commits to Net Zero Across Value Chain by 2040
CRM solutions platform HubSpot announced today a new commitment to reach net-zero greenhouse gas emissions (GHG) across its value chain by 2040.
Alongside the new commitment, HubSpot also announced that it has achieved validation from the Science Based Targets Initiative (SBTi) for its emissions reduction targets. Validated targets include the company’s near-term goals to reduce absolute scope 1 and 2 greenhouse gas emissions by 47%, and scope 3 greenhouse gas emissions from business travel by 55% per employee by 2030, and to ensure that 70% of suppliers, by spend covering purchased goods and services and capital goods, will have science-based targets by 2027, as well as a long term goal to reduce absolute scope 1, 2 and 3 greenhouse gas emissions 90% by 2040, all on a 2019 base year.
With SBTi’s validation, HubSpot said it is one of just over 400 companies that have committed to reaching net-zero on or before 2040.
The company outlined a series of initiative it is pursuing in order to address its value chain emissions footprint, includinworking to make its buildings sustainable by switching to renewable energy, optimizing office space, installing energy-efficient technologies, and introducing sustainability criteria in new building leases, providing resources for employees to reduce their own carbon footprints, including a recently launched internal Carbon Calculator quiz aimed at making hybrid work more sustainable and helping employees understand and address their carbon footprint, encouraging suppliers to set science-based targets, and working with customers and partners on their own sustainability journeys.
Yogesh Chauhan, Director of ESGEnvironmental, 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 HubSpot, said:
“Having our targets validated by the Science Based Targets initiative is an important milestone on our climate journey, and one step towards a net-zero carbon future. The climate crisis requires collective action and bold solutions, and we’re committed to working with our customers, partners, and the wider tech industry to build a brighter future for generations to come.”
