Climate Change Data

Intuit Inc.

Climate Impact & Sustainability Data (2018-08 to 2019-07, 2020, 2022-08 to 2023-07)

Reporting Period: 2018-08 to 2019-07

Environmental Metrics

Total Carbon Emissions:38,126 tCO2e/year (2018)
Scope 1 Emissions:2,045 tCO2e/year (2018)
Scope 2 Emissions:7,622 tCO2e/year (2018)
Scope 3 Emissions:28,459 tCO2e/year (2018)
Renewable Energy Share:76% (2019)
Total Energy Consumption:3.2916 e+14 Joules/year (2019)

ESG Focus Areas

  • Positive environmental impact
  • Job creation for communities in need
  • Pay and promotion equity
  • Diversity and inclusion

Environmental Achievements

  • Achieved carbon neutrality for worldwide operations since 2015
  • Reduced GHG emissions by 47% from 2012 baseline (2018 data)
  • 76% of electricity from renewable sources in 2019
  • Diverted 76% of waste from landfills in 2019

Social Achievements

  • Added over 1,300 jobs across five locations in the US since 2016
  • Intuit Again Returnship program with 79% conversion rate
  • Intuit Education program supported over 100,000 students and educators in 2019
  • Employee volunteer hours: 43,600 in 2019

Governance Achievements

  • Pay equity analysis twice a year, with no statistically significant differences after adjustments in 2019
  • CEO signed the CEO Action Pledge for Diversity and Inclusion
  • Shared six case studies on best practices for diversity and inclusion

Climate Goals & Targets

Long-term Goals:
  • Negative carbon footprint by 2030
Medium-term Goals:
  • Achieve 100% renewable electricity by 2030
Short-term Goals:
  • Reduce carbon footprint by 50% by 2025
  • Reduce building's carbon footprint by 80% by 2025
  • Divert 90% of waste by 2020

Environmental Challenges

  • Climate change
  • Job creation in distressed communities
  • Pay and promotion equity gaps
  • Diversity and inclusion challenges
Mitigation Strategies
  • Climate-positive "50x by 30" target to reduce carbon emissions by 50 times Intuit's 2018 footprint by 2030
  • Prosperity Hub program to create jobs in underserved communities
  • Ongoing pay equity analysis and adjustments
  • Six-point D&I strategy including leadership engagement, data strategy, talent lifecycle initiatives, capability building, storytelling, and belonging initiatives

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

Awards & Recognition

  • Forbes World’s Best Employers (#33)
  • Best Employers for Diversity (#47)
  • Future 50 Sustainability All Stars (#1)
  • Fortune Future 50 (#21)
  • JUST CAPITAL America’s Most Just Companies (#12)
  • World’s Best Workplace (#17)
  • Fortune 100 Best Companies to Work For (#24)
  • 75 Best Workplaces for Women (#28)
  • PEOPLE MAGAZINE Companies That Care (#15)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:37,524 tCO2e/year (2019)
Scope 1 Emissions:1,912 tCO2e/year (2019)
Scope 2 Emissions:5,136 tCO2e/year (2019)
Scope 3 Emissions:30,476 tCO2e/year (2019)
Renewable Energy Share:100% (2020)
Total Energy Consumption:42,298,000 MWh/year (2019)
Carbon Intensity:0.000001036 MT CO2e/Revenue (2019)

ESG Focus Areas

  • Job creation and job readiness
  • Climate
  • Diversity and inclusion

Environmental Achievements

  • Achieved 100% renewable electricity for global operations (April 2020), 10 years ahead of target.
  • Reduced carbon emissions by 48% from 2012 baseline (2019 data).

Social Achievements

  • Created 2,200 jobs across six US and one Canadian Prosperity Hub communities.
  • Supported over 150,000 students and educators with career and financial readiness programs.
  • Donated 3.7 million federal and state tax returns to lower-income taxpayers through Free File programs.
  • Launched Intuit Aid Assist to help small businesses access federal relief programs.
  • Maintained pay equity for all employees globally (as of August 1, 2020).

Governance Achievements

  • Refreshed company values to include "Stronger Together", emphasizing diversity and inclusion.
  • Established the Racial Equity Advancement Leadership Team (REAL Team) to drive racial equity and equality.
  • Achieved a perfect score on the HRC Foundation’s Corporate Equality Index since 2005.

Climate Goals & Targets

Long-term Goals:
  • Reduce carbon emissions by 50 times greater than 2018 carbon footprint by 2030 (50x by 30 goal).
Medium-term Goals:
  • Increase jobs offered through Prosperity Hub program to 7,000 globally by Fiscal 2023.
  • Better prepare 1.1 million people for jobs by 2023.
Short-term Goals:
  • Reduce carbon footprint by 50% by 2025 (compared to 2012 baseline).

Environmental Challenges

  • Economic inequality across communities.
  • Lack of equity and equality in society.
  • COVID-19 pandemic's impact on customers, communities, and employees.
  • Need to increase representation of under-represented minorities within the employee population.
Mitigation Strategies
  • Launched Prosperity Hubs program to create jobs and provide job readiness training.
  • Provided critical support to customers through new products and features during the pandemic (Intuit Aid Assist, TurboTax Stimulus Registration, QuickBooks Capital for PPP).
  • Instituted a company-wide work-from-home mandate to protect employees.
  • Increased focus on mental health and well-being for employees.
  • Established the REAL Team to address racial equity and equality.
  • Set goals for increasing representation of women in technology roles and under-represented minorities in the workforce.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)
  • Goal 4 (Quality Education)
  • Goal 5 (Gender Equality)
  • Goal 8 (Decent Work and Economic Growth)

Intuit's initiatives contribute to these goals through its focus on renewable energy, climate action, job creation, education, and gender equality.

Awards & Recognition

  • Fast Company’s World Changing Ideas Awards 2020 (honorable mention)
  • Fortune’s Future 50 Sustainability All Stars (#1 in 2019)
  • Rotary Karnataka CSR Award – 2020 (Best CSR Practices)
  • Best CSR Project in Education and Women Empowerment (India CSR)

Reporting Period: 2022-08 to 2023-07

Environmental Metrics

Total Carbon Emissions:4,680 tCO2e (Scope 1 & 2)
Scope 1 Emissions:4,680 tCO2e
Scope 2 Emissions:0 tCO2e
Scope 3 Emissions:492,483 tCO2e
Renewable Energy Share:100%
Total Energy Consumption:63,894,000 kWh
Water Consumption:40,926 kGal
Waste Generated:843 metric tons
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Powering prosperity for everyone
  • Powering prosperity for today and tomorrow
  • Powering prosperity for those in need
  • Powering prosperity for the planet
  • Powering prosperity with integrity

Environmental Achievements

  • Reduced almost 500,000 total MT of CO2e emissions
  • Achieved 100% renewable electricity procurement for all facilities
  • Committed to net-zero greenhouse gas emissions across its value chain by 2040 (validated by the Science Based Targets initiative)

Social Achievements

  • Increased representation of women in technology roles globally to 34.1%
  • Increased representation of US employees from underrepresented racial groups to 16.3%
  • Launched Intuit IDEAS program supporting Black and Latino-owned small businesses in Los Angeles
  • Improved employee engagement score remaining high at 83
  • Intuit earned a top score in the Disability Equality Index for the second year in a row

Governance Achievements

  • Implemented responsible AI principles
  • Maintained a “Trendsetter” rating by the Center for Political Accountability in their annual CPA-Zicklin Index report
  • Established anti-corruption training for all employees
  • Signed the US Chamber of Commerce's Prompt Pay Pledge to pay small business suppliers faster (average payment time less than 5 days)

Climate Goals & Targets

Long-term Goals:
  • Reduce absolute Scope 1 and 2 GHG emissions by 90% by FY40 (from FY22 baseline)
  • Reduce Scope 3 GHG emissions by 97% per $1M of gross profit by FY40 (from FY22 baseline)
  • Net-zero GHG emissions across value chain by FY40
Medium-term Goals:
  • Reduce 2M MT of CO2e while delivering meaningful socioeconomic benefits to underserved communities by 2030
Short-term Goals:
  • Reduce absolute Scope 1 and 2 GHG emissions by 42% by FY30 (from FY22 baseline)
  • 80% of suppliers (measured by emissions) to have science-based targets by FY27

Environmental Challenges

  • Falling short of the True North Goal of 35% representation of women in technology roles in FY23 due to fewer job openings
  • Addressing climate change and reducing emissions across its value chain
Mitigation Strategies
  • Continued efforts to attract, retain, and develop a diverse workforce
  • Implemented Climate Positive program to reduce 2M MT of CO2e by 2030
  • Launched Supplier Emissions Reduction Program to encourage supplier climate action
  • Expanded renewable energy adoption and access

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct
  • Prompt Pay Pledge
  • Amazon Business Guided Buying Solution to increase visibility of diverse and small businesses

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, SASB Standards for the Software & IT Services industry, TCFD recommendations

Certifications: LEED Platinum (for some buildings)

Third-party Assurance: Third-party assurance for emissions data

UN Sustainable Development Goals

  • Goal 4 (Quality Education)
  • Goal 5 (Gender Equality)
  • Goal 13 (Climate Action)

Intuit's initiatives contribute to these goals through various programs and partnerships

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed