Sage's Net-Zero Target Receive SBTi Validation
22 Mayo 2024 - 8:00AM
Sage, the leader in accounting, financial, HR and payroll
technology for small and mid-sized businesses (SMBs), today
confirmed its net-zero targets have been validated by the Science
Based Targets initiative (SBTi).
Sage’s net-zero targets span all three emission scopes, aiming
to achieve net-zero greenhouse gas (GHG) emissions across the value
chain by 2040. As of the issuing of this press release, there were
just over 3100 companies globally with an approved net-zero target,
making Sage an early responder in business' fight against climate
change.
To achieve its net-zero goals, Sage has already committed to a
50% reduction in Scope 1, 2 and 3 emissions by 2030 against a 2019
baseline, in line with the goals of the Paris agreement of 2015 –
these near-term targets were approved by SBTi in 2023.
The SBTi is a collaboration between Carbon Disclosure Project
(CDP), the United Nations Global Compact, World Resources Institute
(WRI) and the World Wide Fund for Nature (WWF), and one of the We
Means Business Coalition commitments. It defines and promotes best
practice in science-based target setting, offers resources and
guidance to reduce barriers to adoption, and independently assesses
and approves companies’ targets.
The company is hoping to make progress against its target sets
through four specific areas:
- Sustainable supply chain: To manage emissions
across its value chain, Sage is requesting its suppliers to
disclose accurate and verified primary emissions data allocated to
Sage via CDP. It is also engaging with suppliers with the highest
emissions to secure reduction commitments from them, and asking
suppliers without Science-Based Targets (SBTs) to set
one. Lastly, Sage is guiding its SMB suppliers on steps
they can take to measure and reduce their own emissions.
- Sustainable colleague behaviour: One of Sage’s
goals is to empower its colleagues to be agents of change on its
net-zero journey. The company has launched plans to improve climate
awareness and action amongst colleagues, such as launching a carbon
literacy programme, to influence positive action.
- Sustainable products: In addition to educating
colleagues, Sage will educate customers about the environmental
impacts of technology usage – for example, the benefits of choosing
to host products and services within efficient cloud environments.
The company is also working to provide information and tools so
businesses can measure, monitor and reduce the carbon impact of
their work, with Sage Earth being a first step in that
direction.
- Sustainable property: Lastly, Sage will
examine its property impact, such as the energy and carbon
performance of its workspaces, especially in a hybrid work
environment. Currently, 68% of its global electricity consumption
is sourced from renewable energy (against a 2019 baseline of 27%),
which Sage wants to build on.
Sage’s climate ambitions have been recognised by The Carbon
Disclosure Project (CDP), a global non-profit that runs the world’s
leading environmental disclosure platform. CDP awarded Sage an A-
leadership rating for setting high-quality best practices around
environmental transparency, and performance in the fight against
climate change. Sage also received an A- rating for its work in
supplier engagement -- encouraging suppliers to take action to
reduce their emissions-- which is factored into the overall
score.
A leadership rating is only awarded to organisations that show
environmental leadership and disclose action on climate change.
According to the CDP, Sage’s A- rating is higher than the current
European average of B, and higher than the IT & software
development sector average of C. Notably, Sage was one of 13% of
companies in the IT and software services category, to receive a
leadership rating.
David Harrop, Climate Director at Sage said: "The fight to keep
the rise in temperatures at 1.5C is critical, and one we’re
committed to. Not only are we trying to ensure Sage is a leader in
the fight against climate change, we also want to share our
learnings and successes with our wide ecosystem of customers,
suppliers and partners to help progress amongst our stakeholders.
The validation from SBTi and CDP, two organisations guiding
corporate sustainability action, is very welcome as a much-needed
vote of confidence that we’re on the right track.”
To read more about Sage’s sustainability efforts, including its
Sustainability & Society strategy, please visit: Sustainability
and society | Commitment and plans | Sage UK
About Sage
Sage exists to knock down barriers so everyone can thrive,
starting with the millions of small- and mid-sized businesses
served by us, our partners and accountants. Customers trust our
finance, HR and payroll software to make work and money flow. By
digitising business processes and relationships with customers,
suppliers, employees, banks and governments, our digital network
connects SMBs, removing friction and delivering insights. Knocking
down barriers also means we use our time, technology, and
experience to tackle digital inequality, economic inequality and
the climate crisis. Learn more at www.sage.com/en-gb/.
Media ContactJordan
Kerchevaljordan.kercheval@sage.com
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