Climate Change Data

Okta, Inc.

Climate Impact & Sustainability Data (2020-02-01 to 2021-01-31, 2021, 2022, FY2024 (February 1, 2023 - January 31, 2024))

Reporting Period: 2020-02-01 to 2021-01-31

Environmental Metrics

Total Carbon Emissions:27182 tCO2e/year
Scope 1 Emissions:218 tCO2e/year
Scope 2 Emissions:142 tCO2e/year (market-based)
Scope 3 Emissions:26822 tCO2e/year
Renewable Energy Share:100% (for offices)
Total Energy Consumption:4093 MWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:4.31e-7 tCO2e/USD revenue

ESG Focus Areas

  • Climate Change

Environmental Achievements

  • Achieved 100% renewable electricity for global offices in FY21 through REC purchases.
  • Reduced Scope 2 market-based emissions due to renewable electricity procurement.

Social Achievements

  • Not disclosed

Governance Achievements

  • Established a CSR/ESG Executive Committee consisting of the CFO, CPO, and General Counsel.
  • Created an ESG Committee of Directors and VPs, and a Sustainability/Climate Working Group.
  • Incorporated climate goals into performance reviews and pay structures for relevant personnel.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Set an emissions reduction target in line with the Science Based Target Initiative.
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Significant Scope 3 emissions from purchased goods and services and employee commuting.
  • Lack of a formal process for identifying, assessing, and responding to climate-related risks and opportunities in FY21.
Mitigation Strategies
  • Hired a Director of ESG & Sustainability and a Sustainability Manager.
  • Developed an enterprise-wide risk management process (ERM) to incorporate climate risk in FY22.
  • Expanded GHG emissions inventory to include all relevant Scope 3 emissions.
  • Added climate questions to new vendor onboarding forms and RFP processes.
  • Developed a climate strategy including supplier engagement strategy.

Supply Chain Management

Supplier Audits: 4.3% of suppliers by number; 28.6% of total procurement spend

Responsible Procurement
  • Inclusion of climate questions in supplier selection and management mechanisms.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Increased costs due to carbon pricing policies.
Opportunities
  • Improved stakeholder relationships
  • Energy efficiency and renewable energy procurement to hedge against rising energy costs
  • Revenue from customers and additional licenses for Okta for Nonprofits

Reporting Standards

Frameworks Used: Greenhouse Gas Protocol: A Corporate Accounting and Reporting Standard (Revised Edition), Greenhouse Gas Protocol: Scope 2 Guidance

Certifications: Null

Third-party Assurance: Third-party limited assurance for Scope 1, 2, and 3 emissions

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:30,209 tCO2e/year
Scope 1 Emissions:360 tCO2e/year
Scope 2 Emissions:1,074 tCO2e/year
Scope 3 Emissions:29,849 tCO2e/year
Renewable Energy Share:100% of scope 1 and 2 (offices)
Total Energy Consumption:4,093 MWh/year
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Diversity, Inclusion, and Belonging
  • Health, Safety, and Wellbeing
  • Community Support
  • Sustainability (Emissions, Energy)

Environmental Achievements

  • Achieved 100% renewable electricity for global offices in FY21
  • Reduced total GHG emissions from 33,111 tCO2e in FY20 to 30,209 tCO2e in FY21
  • Reduced office GHG emissions intensity

Social Achievements

  • Employee donation matching up to $500 per employee, per year
  • 88% of employees volunteered or donated through Okta for Good
  • Provided inclusive health benefits, gender-neutral parental leave, and other wellbeing initiatives
  • $4.1M total funds donated in FY21

Governance Achievements

  • Annual privacy training for all employees
  • Compliance with various industry-standard certifications (ISO 27001, ISO 27017, ISO 27018, AICPA SOC 2 Type II, FedRAMP ATO, FIPS 140-2)

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO/IEC 27001:2013, ISO/IEC 27017:2015, ISO/IEC 27018:2019, AICPA SOC 2 Type II, FedRAMP ATO, FIPS 140-2

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:55,843 tCO2e/year
Scope 1 Emissions:254 tCO2e/year
Scope 2 Emissions:1,469 tCO2e/year
Scope 3 Emissions:55,589 tCO2e/year
Renewable Energy Share:100% for Okta global offices, remote workforce, and cloud service providers in FY22
Total Energy Consumption:5,038 MWh/year

ESG Focus Areas

  • Data privacy
  • Ethical business practices
  • Diversity, inclusion, and belonging
  • Employee engagement
  • Health, safety, and wellbeing
  • Community investment
  • Sustainability
  • Emissions

Environmental Achievements

  • Achieved 100% renewable electricity for its global offices, remote workforce, and cloud service providers in FY22.
  • San Francisco and San Jose dual headquarters are in LEED Gold buildings. Okta Sydney office is LEED ID+C Silver and WELL Silver certified, as well as WELL HSR Certified.

Social Achievements

  • 81% FY22 Employee Engagement Favorability
  • Employee donation matching up to $500 per employee, per year
  • 4 days of volunteer time off (VTO)
  • Inclusive health benefits, Gender-neutral parental leave, Inclusive family-forming benefits, Transgender healthcare benefits

Governance Achievements

  • Compliance with ISO/IEC 27001:2013, ISO/IEC 27017:2015, ISO/IEC 27018:2019, AICPA SOC 2 Type II Audits, and FedRAMP Moderate Authority to Operate (ATO)

Climate Goals & Targets

Environmental Challenges

  • Increased GHG emissions in FY22 compared to FY21 (55,843 tCO2e vs 35,895 tCO2e), partly due to the acquisition of Auth0.
Mitigation Strategies
  • Updated FY20 and FY21 inventories to include Auth0 to provide a comprehensive baseline and better track year-over-year progress.
  • Achieved 100% renewable electricity for global offices in FY22.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Period: FY2024 (February 1, 2023 - January 31, 2024)

Environmental Metrics

Total Carbon Emissions:95,068 tCO2e/year
Scope 1 Emissions:350 tCO2e/year
Scope 2 Emissions:1,909 tCO2e/year
Scope 3 Emissions:94,718 tCO2e/year
Renewable Energy Share:100% for offices, remote workforce, and third-party cloud service providers
Total Energy Consumption:6,393 MWh/year
Carbon Intensity:42 tCO2e/M$

ESG Focus Areas

  • Diversity, Inclusion, and Belonging (DIB)
  • Environmental Sustainability
  • Governance
  • Security
  • Employee Well-being
  • Community Investment
  • Human Rights

Environmental Achievements

  • Achieved 100% renewable electricity for offices, remote workforce, and third-party cloud service providers.
  • Launched climate vendor engagement program.
  • Reduced absolute scope 1 and 2 GHG emissions (progress towards 67% reduction by FY2030).
  • Launched a comprehensive Sustainable Travel Guidebook and Smart Sustainable Travel Game to reduce business travel emissions.

Social Achievements

  • Increased percentage of women in overall company and leadership positions.
  • Launched Cyber Workforce Development Initiative, providing $1.6M in philanthropy and 5,000 educational grants.
  • Increased total funds donated to $7.3M (22% year-over-year increase).
  • 88% of employees volunteered or donated through Okta for Good.
  • Offered inclusive health benefits including gender-neutral parental leave and expanded bereavement leave.

Governance Achievements

  • Signed the #EqualPayCA pledge.
  • Conducted annual company-wide gender pay analysis.
  • Implemented a Health and Safety (H&S) internal policy and program.
  • Conducted additional due diligence work including a country-level human rights risk assessment.

Climate Goals & Targets

Medium-term Goals:
  • Reduce absolute scope 1 and 2 GHG emissions 67% by FY2030 against an FY2020 base year.
  • Reduce absolute scope 3 GHG emissions from business travel and employee commuting transportation 42% by FY2030 against an FY2020 base year.
  • 65% of Okta’s suppliers (by spend) to have SBTs by FY2027.

Environmental Challenges

  • Scope 3 emissions increased in FY2024 due to growth in travel and operations post-COVID-19 pandemic.
  • Only 23% of Okta’s suppliers (by spend) have set Science-Based Targets (SBTs) as of FY2024.
Mitigation Strategies
  • Monitoring Scope 3 emissions and evaluating ways to address the increase.
  • Requesting strategic vendors to set SBTs and providing resources to help them reduce emissions.
  • Prioritizing sustainability during site selection and building out energy-efficient spaces.

Supply Chain Management

Responsible Procurement
  • Climate vendor engagement program

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: CDP, FTSE4Good

Certifications: ISO/IEC 27001:2013, ISO/IEC 27017:2015, ISO/IEC 27018:2019, AICPA SOC 2 Type II, FedRAMP, PCI SAQ-D, APEC PRP

Awards & Recognition

  • USA Today’s America’s Climate Leaders (2023 & 2024)
  • Newsweek’s America’s Greenest Companies 2024
  • Great Place to Work certified (2023)