AVEVA, a global leader in industrial software, has become one of the world’s first companies in its sector to have its net-zero commitments validated by the Science Based Targets initiative (SBTi)
Issued in October 2021, the SBTi’s Corporate Net-Zero Standard, sets out clear requirements for companies to ensure their goals align with the requirements of the international scientific community to decarbonise and limit global warming to 1.5°C.
AVEVA has committed to:
• maintain at least 90% absolute scope 1 and 2 greenhouse gas (GHG) emission reductions post FY2030 and to reduce absolute scope 3 GHG emissions 90% by FY2050 (from a FY2020 base year)
• increase annual sourcing of renewable electricity to 100% in the next eight years and reduce absolute scope 3 GHG emissions 50% by the same time frame
Peter Herweck, CEO of AVEVA, said: “I am proud that AVEVA is one of the first 50 companies globally to have our net-zero targets validated as being fully aligned with what climate science requires to fight climate change. It is important to lead by example on climate action. Our core business is software that helps global industries drive responsible use of the world’s resources but how we do business also matters and we are committed to decarbonising our entire value chain.
AVEVA’s overall net-zero target, and new long-term greenhouse gas reduction targets build on the company’s ambitious FY2030 targets, which have also been validated by SBTi as aligned with climate science. To keep a 1.5°C future in reach, the company has moved quickly to ensure all AVEVA offices are powered by Renewable Energy as of FY2022, up from 1% in FY2020, and is scoping efficiency upgrades across top sites by energy consumption. The company has also committed to fully electrify its car fleet by FY2030. It has also introduced measures to reduce upstream and downstream scope 3 emissions.
