Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Energy Efficiency
• Waste Reduction
• Sustainable Travel
• Renewable Energy
• Client Sustainability Support
• Employee Engagement

Environmental Achievements

• 29.8% reduction in carbon emissions per employee (vs 2015)
• 22.0% reduction in travel emissions per employee (vs 2015)
• 40.9% reduction in energy emissions per employee (vs 2015)
• 46.2% electricity from renewable sources (increase from 23.7% in 2018)
• Bangalore EPIP campus received Net Zero Energy Platinum certification from the Indian Green Building Council (IGBC)

Social Achievements

• 2,750 employees engaged in sustainability training and workshops
• Launched Project FARM (Financial and Agricultural Recommendation Models) to optimize agricultural value chain in Kenya
• Developed Geo Satellite Intelligence (GSI) solution to help combat spruce bark beetle infestation in Sweden
• #Rethink Plastic campaign to phase out single-use plastics by 2020

Governance Achievements

• Global ISO 14001 certificate expanded to 22 countries, covering 91.5% of operations by headcount
• Global Carbon Accounting system rolled out to Japan, Singapore, Hong Kong, and Malaysia, covering 99.5% of operations
• Commitment to becoming a net-zero business by 2030

Climate Goals & Targets

Environmental Challenges

• Business travel emissions
• Data center energy consumption
• Waste generation
• Securing high-quality data from leased sites

Mitigation Strategies

• Focus on virtual collaboration and sustainable travel initiatives
• Energy efficiency measures across offices and data centers
• Waste reduction programs and increased recycling rates
• Improved reporting and data collection methods

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Droughts

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol Corporate Standard, CDP

Certifications: ISO 14001

Third-party Assurance: KPMG

Sustainable Products & Innovation

• Project FARM
• Geo Satellite Intelligence (GSI) solution

Awards & Recognition

• CDP Climate Change A-list
• CDP Supplier Engagement Leaderboard
• Ecovadis Platinum rating
• World’s Most Ethical Companies®
• ISS ESG Corporate Performance index 'Prime' status
• EURONEXT Vigeo Eiris Europe 120 and Eurozone 120 indices
• Standard Ethics SE French Index and SE European Best in Class Index
• Ethibel Sustainability Index (ESI) Excellence Europe and Global
• FTSE4Good Index
• STOXX ESG Leaders index

Environmental Metrics

ESG Focus Areas

• Environmental Friendliness
• Social Responsibility
• Economic Inclusiveness

Environmental Achievements

• Reduced water usage by 47% per ton of production (Unilever)
• Producing more renewable electricity than used in all stores (IKEA)

Social Achievements

• Launched initiatives for fair labor policies and safe working conditions, scaled by 48% of organizations
• TOMS donated 100 million pairs of shoes since 2006

Governance Achievements

• Increased customer loyalty (77% of organizations)
• Improved ESG ratings (68% of organizations)

Climate Goals & Targets

Environmental Challenges

• Impact on margins or cost overruns (80% of organizations)
• Other issues taking priority over sustainability (75% of organizations)
• Change management (showing the business case and inspiring people)
• Lack of consumer awareness of environmental impact of products
• Low consumer trust in sustainability claims

Mitigation Strategies

• Empowering consumers and employees through awareness, education, and choice
• Positioning technology at the core of sustainability initiatives
• Building robust sustainability governance
• Collaborating with the broader ecosystem

Supply Chain Management

Responsible Procurement

• Responsible sourcing principles (Luxottica)
• Supplier sustainability requirements (Clorox)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs)

UN Sustainable Development Goals

• UN SDG Goal 7 (Affordable and Clean Energy)
• UN SDG Goal 12 (Responsible Consumption and Production)
• UN SDG Goal 13 (Climate Action)

Sustainable Products & Innovation

• Tide Purclean detergent (P&G)
• Conscious Collection (H&M)
• Sustainably manufactured jeans (G-Star Raw)
• Modular smartphones (Fairphone)

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Sustainability

Environmental Achievements

• Increased percentage of executives who see a clear business case for sustainability (from 21% in 2022 to 63% in 2023)
• 57% of executives report their organization is redesigning its business/operating model to be more sustainable (up from 37% in 2022)
• Improved actions to preserve biodiversity: 59% monitor conversion of natural ecosystems (up from 47%), 56% invest in conserving natural habitats (up from 43%)
• Increased percentage of organizations setting net zero targets and science-based targets

Social Achievements

• Over half (56%) of executives say their organization is increasingly focused on the social dimension of ESG
• 99% of executives report launching social sustainability initiatives for their workforce
• 65% are launching programs to benefit local communities
• Gap partnered with labor advocacy groups resulting in improved wages and worker conditions in participating factories (pay gap and sexual harassment decreased by almost 20%, access to prenatal care and productivity rose by more than 20%)

Governance Achievements

• Most executives agree their board of directors is actively engaging with their organization’s sustainability strategy (59% globally)

Climate Goals & Targets

Environmental Challenges

• Limited advancement in sustainable product design and development
• Challenges in measuring and collecting Scope 3 emissions (declined from 60% in 2022 to 51% in 2023)
• Challenges in reporting on environmental sustainability
• Perception gap between executives and consumers regarding greenwashing (17% of executives concerned vs. 33% of consumers)
• Lack of support for workers in the supply chain (only 38% restrict suppliers to those who pay a living wage)
• Limited focus on accessibility and affordability of products/services for people with disabilities and local communities

Mitigation Strategies

• Increased focus on defining sustainability priorities and redesigning business models
• Increased use of third parties to audit sustainability data
• Organizations are starting to incorporate generative AI into their sustainability strategies (e.g., forecasting demand, optimizing logistics, generating sustainable design prototypes, automating reporting)
• Organizations are taking steps to mitigate the environmental impact of using generative AI models

Supply Chain Management

Responsible Procurement

• Considering ESG ratings and environmental pledges of suppliers during selection
• Working with suppliers to reduce carbon emissions

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Stringent regulations