Jack Henry & Associates, Inc.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:31,323.34 MTCO2e
Scope 1 Emissions:5,231.85 MTCO2e
Scope 2 Emissions:26,091.49 MTCO2e
Total Energy Consumption:54,357,119 kWh
ESG Focus Areas
- People and Communities
- Responsible Business Practices
- Planet
Environmental Achievements
- Reduced GHG emissions by 11.07% since FY2019 baseline despite a modest uptick in FY2022 GHG emissions.
- Reduced Scope 2 GHG emissions from purchased electricity by approximately 3% due to grid greening and real estate right-sizing decisions.
Social Achievements
- Launched an internal ethical culture survey that showed improved associate favorability scores across all eight topics measured.
- Received public recognition through awards like the Newsweek® America’s Most Loved Workplaces and the American Banker® Best Places to Work in Fintech.
- Incorporated DEIB learning opportunities into JackTracks, a three-week virtual development event.
- Improved hiring-related metrics in fiscal year 2022 compared to fiscal year 2021 (171% increase in external applicants, 115% increase in associates moving to new internal roles).
Governance Achievements
- Joined the Financial Health Network.
- Signed a commitment letter to pursue Science-Based Targets initiative (SBTi) validation for near-term Greenhouse Gas (GHG) emissions reduction targets.
- Introduced corporate sustainability considerations into supplier selection and management.
Climate Goals & Targets
Medium-term Goals:
- Implement low carbon transition plan strategies (grid greening, real estate optimization, co-location and cloud computing, renewable energy, energy efficiency).
Short-term Goals:
- Pursue SBTi validation for near-term GHG emissions reduction targets (absolute reduction in Scope 1 and 2 GHG emissions and largest source of Scope 3 emissions).
Environmental Challenges
- Impacts of the COVID-19 pandemic, a slowing global economy, unprecedented cybersecurity threats, and increasing climate-related risks.
- Increasing financial vulnerability and fragmentation.
- Limited availability of sustainable aviation fuel (SAF).
Mitigation Strategies
- Developed a robust low carbon transition plan to strategically minimize GHG emissions.
- Monitoring developments around sustainable aviation fuel (SAF) for future use.
- Developed a long-term co-location and cloud computing strategy to reduce Scope 2 emissions.
- Conducting several energy efficiency projects (replacing fluorescent lights with LEDs, replacing end-of-life appliances with ENERGY STAR™-rated models).
- Implementing a flexible approach to work arrangements to support associate needs.
Supply Chain Management
Responsible Procurement
- Vendor Code of Conduct
- Incorporating corporate sustainability considerations into supplier screenings, selection, and management.
Climate-Related Risks & Opportunities
Physical Risks
- Severe weather events
Transition Risks
- Greenhouse gas pricing and regulation
- Changing consumer expectations
Reporting Standards
Frameworks Used: SASB, TCFD, GRI
UN Sustainable Development Goals
- Goal 1
- Goal 4
- Goal 5
- Goal 8
- Goal 10
- Goal 12
- Goal 13
- Goal 16
See Appendix for details.
Sustainable Products & Innovation
- Synergy Express™ data center
Awards & Recognition
- Newsweek® America’s Most Loved Workplaces
- American Banker® Best Places to Work in Fintech