FactSet Research Systems Inc.
Climate Impact & Sustainability Data (2022-09-01 to 2023-08-31, Q4 2024)
Reporting Period: 2022-09-01 to 2023-08-31
Environmental Metrics
Total Carbon Emissions:13,445 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:3,815 tCO2e/year
Scope 2 Emissions:9,630 tCO2e/year
Scope 3 Emissions:62,687 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:39,367.33 MWh/year
Water Consumption:Not disclosed
Waste Generated:3,462 tons/year
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change Management
- Diversity, Equity, & Inclusion
- Sustainable Procurement
- Data Privacy & Cybersecurity
- Business Ethics
- Corporate Governance
- Employee Engagement & Wellbeing
- Community Engagement
Environmental Achievements
- Reduced scope 1 & 2 emissions by 12% from 2019
- Conducted first Scope 3 GHG emissions inventory
- Recycled 319 tons of waste
- Developed a sustainability-focused supplier questionnaire and a supplier diversity program
- Achieved a Silver Medal in the 2023 EcoVadis assessment
Social Achievements
- 15,000 employee volunteer hours
- 1.5 million meals distributed to people in need
- 346,000 employee learning hours
- 9,000 trees planted
- 90% response rate on employee engagement survey
- Implemented Employee Wellbeing Champions program
Governance Achievements
- Developed Sustainability Governance Charter
- Revised Data Protection Policy and Global Privacy Notice
- 96% of employees signed an annual acknowledgement of the Code of Business Conduct and Ethics
- Created Use of Artificial Intelligence Tools Policy
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero scope 1 & 2 emissions by 2040
Medium-term Goals:
- Develop and implement climate transition plan
Short-term Goals:
- Set company-wide emission reduction target in line with SBTi (submission planned by July 2024)
Environmental Challenges
- Improving the accuracy of Scope 3 emissions data due to data limitations, especially for purchased goods and services.
- Data limitations in calculating certain Scope 3 categories on a calendar year basis versus fiscal year basis.
Mitigation Strategies
- Working with suppliers to collect primary data for Scope 3 calculations.
- Prioritizing vendors representing the largest areas of spend and greatest emissions intensity to improve Scope 3 data accuracy.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Supply Chain Code of Conduct
- Sustainable Procurement Policy
- Supplier Diversity Policy
- Sustainability-focused supplier questionnaire
Climate-Related Risks & Opportunities
Physical Risks
- Drought
- Flood
- Freeze
- Severe storm
- Tropical cyclone
- Wildfire
- Winter storm
- Sea level rise
- Changing temperature
- Changing precipitation
- Water stress
Transition Risks
- Policy and Legal
- Technology
- Market
- Reputation
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI, SASB
Certifications: Null
Third-party Assurance: Third-party assurance for GHG emissions (2022 data validated, 2023 data in process)
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 10 (Reduced Inequalities)
- Goal 13 (Climate Action)
- Goal 17 (Partnerships for the Goals)
FactSet's initiatives contribute to these goals through various programs and policies related to emissions reduction, employee wellbeing, diversity and inclusion, sustainable procurement, and community engagement.
Sustainable Products & Innovation
- Revere and Truvalue ESG data and analytics solutions
Awards & Recognition
- Glassdoor’s Best Places to Work (2023)
- EcoVadis Silver Medal (2023)
Reporting Period: Q4 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Uncertainty associated with tariffs impacting businesses.
Mitigation Strategies
- Companies are evaluating the impact of tariffs and developing contingency plans. Some companies excluded the impact of tariffs from their guidance, while others included it, often with wider or more conservative ranges.