Climate Change Data

Coupa Software Incorporated

Climate Impact & Sustainability Data (2017, 2018, 2020, 2021, 2022, 2023-02-01 to 2024-01-31)

Reporting Period: 2017

Environmental Metrics

Total Carbon Emissions:0.97 million tCO2e
Total Energy Consumption:3,245 million kWh
Water Consumption:49 million m3
Waste Generated:198 thousand tons

ESG Focus Areas

  • Performance
  • People
  • Planet

Environmental Achievements

  • Reduced greenhouse gas emissions (scope 1 & 2) by 3.2% in 2017
  • Reduced energy consumption by 1.8% in 2017
  • Reduced water consumption (per ton of production) by 9.1% in 2017

Social Achievements

  • Filled more than 85% of Group Management positions with internal talent
  • Stabilized Lost Time Accident Rate (LTAR) at 0.2 days lost per 200,000 work hours
  • Conducted employee engagement survey with nearly 11,000 participants

Governance Achievements

  • Revised Clariant Global Employment Standards Policy
  • Launched an ethical journal discussing real cases and resolutions
  • Conducted mandatory compliance trainings

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Achieve an EBITDA margin before exceptional items of 16-19%
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Weak oil price and volatile economic environment impacting business performance
  • Ongoing consolidation in the chemical industry
  • Activist investor opposition to merger plans
  • Pricing pressure in some businesses and delay in passing on raw material price increases
  • Continued downturn in the oil industry
Mitigation Strategies
  • Implemented ambitious strategy for growth, achieving 9% sales growth and 10% increase in absolute EBITDA before exceptional items
  • Decided to terminate merger agreement to avoid disruption and uncertainty
  • Secured SABIC as a strategic investor
  • Implemented efficiency programs to streamline business processes
  • Focused on operational and technological improvements to enhance customer performance and minimize total cost of ownership

Supply Chain Management

Supplier Audits: 65% of raw material spend covered by TfS assessments

Responsible Procurement
  • Supplier Code of Conduct
  • TfS assessments and audits
  • Corrective Action Plans (CAPs)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, IIRC, SASB, UN Global Compact, UN Sustainable Development Goals

Certifications: ISO 50001

Third-party Assurance: PwC

UN Sustainable Development Goals

  • SDG 6
  • SDG 8
  • SDG 12
  • SDG 13

Initiatives contribute to goals related to clean water and sanitation, decent work and economic growth, responsible consumption and production, and climate action

Sustainable Products & Innovation

  • EcoTain® labeled products
  • Renewable-based waxes (Licocare® RBW)
  • Phthalate- and lead-free pigment preparations (Telasperse™ PVC)
  • Non-halogenated flame retardants
  • Bluemidin™ (protects skin from blue light)
  • EnviCat® VOC catalyst

Awards & Recognition

  • ICIS Surfactants Award 2017
  • German Catalysis Society’s Jochen Block Award
  • EFCATS Applied Catalysis Award
  • Innovation Award of the Institute of Technology and Studies for Cosmetics, Toiletries and Fragrances (ITEHPEC)
  • Ringier Technology Award
  • Sustainable Product & Service Award at Goldenbee CSR China Honor Roll
  • Chairman’s Award from the Association of International Chemical Manufacturers (AICM)
  • Sustainability Best Practice Award and Sustainability Influencer Award
  • Best CSR Practice Award by the China Association of Enterprises with Foreign Investment
  • EIPM Award for Sustainability Leadership in Supply Chain
  • Responsible Care® Platinum Award

Reporting Period: 2018

Environmental Metrics

Total Carbon Emissions:0.93 million tCO2e (Scope 1 & 2)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:5.69 million tCO2e
Renewable Energy Share:Not disclosed
Total Energy Consumption:3,209 million kWh
Water Consumption:49 million m3
Waste Generated:232 thousand tons
Carbon Intensity:215 kg CO2e/t production (Scope 1 & 2)

ESG Focus Areas

  • Innovation and R&D
  • Sustainability
  • Portfolio Repositioning
  • Growth
  • Profitability
  • Talent Attraction and Development
  • Customer Relationships
  • Environmental Protection and Resources
  • Occupational Health, Safety, and Well-being
  • Product Stewardship/Sustainable Chemistry
  • Digitalization
  • Circular Economy

Environmental Achievements

  • Reduced Lost Time Accident Rate (LTAR) from 0.2 to 0.15 days lost per 200,000 work hours
  • Swedish sites switched to 100% hydroelectric power, avoiding 300 tons of CO₂ per year
  • 24 products awarded the EcoTain® label
  • Reduced energy consumption, water consumption, and wastewater generation (though relative figures increased due to lower production volume and reporting scope changes)
  • Reduced greenhouse gas emissions (though relative figures increased due to lower production volume)

Social Achievements

  • 84% of open management positions filled with internal candidates
  • Company-wide employee engagement survey showed positive results (engagement index of 85)
  • Implemented the »Pulse Survey« to assess employee engagement
  • Launched the »Recognition Program« to enhance employee engagement
  • Developed a new globally applicable Employment Policy
  • Improved occupational health and safety reporting

Governance Achievements

  • Continued implementing the Strategic Integrity Roadmap
  • Rolled out the »Excellence through Integrity« campaign
  • Launched »Leader-led Compliance Sessions« on ethical dilemmas
  • Launched the Data Privacy Program
  • Increased reports through the Integrity Line by 30%

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Double revenue in China by 2021
  • Achieve sales of around 9 billion Swiss francs by 2021
  • Achieve an EBITDA margin after exceptional items in the order of 20% by 2021
  • Achieve an operational cash flow of more than 1.2 billion Swiss francs by 2021
  • Achieve an ROIC after exceptional items of more than 10% by 2021
  • Increase the use of renewable raw materials by 30% by 2025 (Care Chemicals)
  • Reduce greenhouse gas emissions by 35% per ton of produced goods by 2025
  • Reduce direct CO₂ emissions by 30% per ton of produced goods by 2025
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Increased raw material costs (7% in 2018)
  • Market volatility and pricing pressure
  • Commoditization trend in chemical markets
  • Supply chain disruptions due to stricter environmental regulations and force majeures
  • Supply chain challenges related to raw material availability
  • Climate change risks and opportunities
  • Growing demand for sustainable products
  • Transition to a circular economy
  • Digital transformation challenges
Mitigation Strategies
  • Collaborations with partners
  • Focus on innovation and customer-specific solutions
  • Cost-efficient operations
  • Multiple supplier strategies and de-specification of raw materials
  • Digitalization initiatives (e.g., Chemberry™, Digital4Clariant)
  • High Throughput Experimentation (HTE)
  • EcoTain® label for sustainable products
  • Portfolio upgrade and divestments
  • Implementation of Clariant Excellence initiatives
  • Investing in renewable energy
  • Developing a global renewable energy procurement strategy
  • Assessing climate risks and opportunities
  • EcoTain® Partnerships

Supply Chain Management

Supplier Audits: 358 new sustainability audits in 2018

Responsible Procurement
  • Supplier Code of Conduct
  • Together for Sustainability (TfS) initiative
  • Sustainability assessments and audits
  • Corrective Action Plans (CAPs)
  • Focus on local suppliers
  • Promoting renewable raw materials

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts towards renewable energy
Opportunities
  • Development of energy-efficient products
  • Growth in renewable energy markets

Reporting Standards

Frameworks Used: GRI, IIRC

Certifications: ISO 50001, ISO 9001/14001, RSPO Mass Balance, ECOCERT™

Third-party Assurance: PwC

UN Sustainable Development Goals

  • SDG 6 (Clean Water and Sanitation)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 12 (Responsible Consumption and Production)
  • SDG 13 (Climate Action)

Clariant's initiatives contribute to these goals through reduced resource consumption, improved working conditions, sustainable product development, and climate change mitigation

Sustainable Products & Innovation

  • EcoTain® products
  • Genadvance® hair conditioner line
  • AristocareTM Smart polymer
  • Eosidin® active ingredient
  • 3D printing filaments
  • EnviCat® NOx SCR catalyst
  • OleMax™ 260 catalyst
  • HYDEX™ E catalyst
  • MegaMax® 800 methanol synthesis catalyst
  • Flotigam™ 7500 iron ore collector
  • Opazil™ FFR active adsorbent
  • Toxisorb™ Premium additive
  • WAXTREAT DF paraffin inhibitor
  • LIBERATE® water-based paraffin dispersant
  • Hostaflot™ xanthate replacement products
  • Exolit® OP 945 flame retardant
  • Licocene® PP 2502 adhesive
  • AddWorks® PKG 906 additive
  • NIR-transparent black color for plastics
  • Colanyl® 500, Hostatint™ 500, and Hostafine® pigment preparations

Awards & Recognition

  • Meyer-Galow Award for sunliquid®
  • Silver ITEHPEC Innovation Award for Eosidin®
  • Gold medal for »Sustainable Innovation of the Year« for Eosidin®
  • German Packaging Award for CESA® solution
  • Sustainability Leadership in the Supply Chain award from EIPM
  • High EcoVadis assessment score

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:0.83 million tCO2e
Scope 1 Emissions:0.39 million tCO2e
Scope 2 Emissions:0.41 million tCO2e
Scope 3 Emissions:4.20 million tCO2e
Total Energy Consumption:3067 million kWh
Water Consumption:41 million m3
Waste Generated:259 thousand tons
Carbon Intensity:205 kg CO2e/ton of production in 2020

ESG Focus Areas

  • Circular Economy
  • Climate Change
  • Customer Relationships
  • Digitalization
  • Environmental Protection and Resources
  • Growth and Profitability
  • Innovation and Technological Advances
  • Occupational Health, Safety, and Well-being
  • Product Stewardship / Sustainable Chemistry
  • Talent Attraction and Development
  • Employee Engagement
  • Ethics and Compliance
  • Human Rights
  • Policy and Stakeholder Relations
  • Sustainability Performance in the Supply Chain

Environmental Achievements

  • Reduced energy consumption by 30% per metric ton of production compared to 2013 baseline.
  • Reduced direct CO2 emissions by 30% per metric ton of production compared to 2013 baseline.
  • Reduced greenhouse gas emissions by 35% per metric ton of production compared to 2013 baseline.
  • Reduced water consumption by 35% per metric ton of production compared to 2013 baseline.
  • Reduced waste volume by 35% per metric ton of production compared to 2013 baseline.
  • Reduced wastewater volume by 40% per metric ton of production compared to 2013 baseline.
  • Reduced chemical oxygen demand (COD) in wastewater discharged by ~37% from 2013 to 2020.
  • 99 projects within Clariant’s eWatch™ and YEE initiative delivered energy and CO2-reduction benefits in 2020. Since 2013, a total of CHF 42.2 million was saved by implementing energy-efficiency measures.

Social Achievements

  • Improved profitability in Care Chemicals due to growth in Consumer Care and stringent margin and cost management.
  • Maintained a competitive cost structure by rightsizing service units and regional organizations.
  • Successfully mitigated the negative impacts of the COVID-19 pandemic.
  • Average feedback score for Clariant Academy trainings was 5.0 (out of 6.0) in 2020.
  • At least 80% of open management-level positions filled with internal candidates.

Governance Achievements

  • Successfully completed the sale of its Masterbatches business and launched the divestment of the Pigments business.
  • Revised its Code of Conduct into a new Code of Ethics (to be published in 2021).
  • Implemented a Data Privacy Program in 2018 in response to the GDPR.
  • Implemented ISO 45001 certification in 2020.

Climate Goals & Targets

Medium-term Goals:
  • Reduce absolute scope 1 and 2 GHG emissions by 40% and scope 3 GHG emissions from purchased goods and services by 14% until 2030, from a 2019 base year.
Short-term Goals:
  • Achieve significant improvements in energy consumption, direct CO2 emissions, greenhouse gas emissions, water consumption, waste volume, and wastewater volume by 2025 (compared to 2013 baseline).

Environmental Challenges

  • COVID-19 pandemic impact on sales and operations.
  • Less favorable product mix in Catalysis impacting profitability.
  • Softer demand environment impacting Natural Resources profitability.
  • Reduced number of in-person trainings due to the COVID-19 pandemic.
Mitigation Strategies
  • Stringent margin and cost management in Care Chemicals.
  • Rightsizing service units and regional organizations.
  • Introduction of new virtual training sessions.

Supply Chain Management

Supplier Audits: 84% of direct spend covered by TfS assessments in 2020; Number of new and reassessed suppliers provided but not easily summarized.

Responsible Procurement
  • Supplier Code of Conduct based on UN Global Compact and Responsible Care® principles.
  • Sustainability incorporated into supplier selection and management criteria.
  • Together for Sustainability (TfS) initiative membership.

Climate-Related Risks & Opportunities

Physical Risks
  • Change in precipitation extremes and droughts (water scarcity)
  • Tropical cyclones
  • Impact on infrastructure
  • Impacts on supply chain
Transition Risks
  • Climate and energy policies leading to increased fuel/energy taxes and regulations
  • Stigmatization of the sector or company
  • Higher awareness for environmental impacts among customers
Opportunities
  • Innovation and R&D activities focused on low-carbon products
  • Increased demand for solutions related to low-carbon mobility, recycling, and urbanization

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001, ISO 45001

Third-party Assurance: PricewaterhouseCoopers AG (limited assurance)

Sustainable Products & Innovation

  • Products identified with EcoTain® label

Awards & Recognition

  • EcoVadis Sustainable Procurement Leadership Award for Best Internal Stakeholder Engagement
  • TOP Sustainable Supply Chain Program award

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:361 tCO₂e (2021)
Scope 1 Emissions:77 tCO₂e (2021)
Scope 2 Emissions:285 tCO₂e (2021)
Total Energy Consumption:3133 MWh (2021)

ESG Focus Areas

  • Customer centricity
  • Innovation and technology
  • Responsible business conduct
  • Environmental responsibility
  • Employee engagement
  • Compliance, Governance and Ethics

Environmental Achievements

  • Reduced paper consumption by 27% in the account opening process (from 19 pages per new account in 2020 to 14 pages in 2021)
  • Decreased energy consumption per FTE by 13% despite a 20% increase in FTEs
  • Decreased greenhouse gas emissions per FTE by 14%.

Social Achievements

  • Improved ranking in Universum’s World’s Most Attractive Employers survey (#26 for Tech Talents)
  • Re-certified for Fair-ON-Pay, ensuring equal pay for men and women
  • Launched Yuh mobile banking application with over 20,000 new clients in the first three months
  • Donated CHF 100,000 to Caritas Switzerland through the Trade for Good initiative
  • Offered 21 trainee positions and 5 apprentice positions.

Governance Achievements

  • Improved disclosure on corporate governance and remuneration framework
  • Implemented a Whistleblowing Policy and a Suppliers Code of Conduct (early 2022)
  • No material non-compliance with applicable laws or regulations identified.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Increase client assets
  • Keep margin on assets between 85 and 90 basis points
  • Increase net revenues and pre-tax profit
  • Achieve a pre-tax margin above 45%
Short-term Goals:
  • Update mobility plan to optimize access to Gland site for employees by promoting soft mobility
  • Increase energy efficiency of headquarters buildings by 10% over 10 years
  • Increase CO2 savings by approximately 7 tons per year over 10 years
  • Reduce paper consumption by promoting digital initiatives
  • Promote recycling within the organization

Environmental Challenges

  • Surge in new account opening requests impacting service quality in 2021
  • Growing public concerns regarding data protection
  • Increased energy consumption due to organic growth and data center expansion
  • Failure to reach a mutual agreement on building a new office tower in Gland (referendum in May 2022).
Mitigation Strategies
  • Increased staffing in customer care and improved internal processes
  • Increased focus on data protection, email filtering, and employee training
  • Optimized server locations to reduce cooling needs and updated lighting system to reduce electricity use
  • Continued dialogue with concerned parties regarding the new office tower in Gland.

Supply Chain Management

Responsible Procurement
  • Collaboration with suppliers supporting short supply chains and seasonal products

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards

Certifications: Fair-ON-Pay

Sustainable Products & Innovation

  • Six theme trading certificates with a focus on sustainability
  • Swissquote Rainbow Rights Index Tracker Certificate

Awards & Recognition

  • 2021 Swiss Derivative Award for Best ESG Product (Swissquote Rainbow Rights Index)

Reporting Period: 2022

Environmental Metrics

Renewable Energy Share:67% (2022)
Total Energy Consumption:18,363 MWh/year (2022)

ESG Focus Areas

  • Economy
  • Environment
  • Society
  • Governance

Environmental Achievements

  • Purchased emission avoidance credits from the Katingan Mentaya project to offset operational emissions.
  • Established a formal process for climate-neutral events.
  • Expanded knowledge of carbon dioxide removal (CDR) technologies and entered offtake agreements with Climeworks and NextGen CDR Facility.
  • LGT PB committed to 100% renewable electricity and heating by 2030, 90% reduction of Scope 1 & 2 emissions by 2030, 50% reduction of flight emissions per FTE by 2030, and 50% reduction of paper consumption per FTE by 2030.
  • Offsetting greenhouse gas emissions from the staff restaurant Bendura in Liechtenstein.

Social Achievements

  • Developed an Employer Branding & Recruiting strategy with a dedicated internal sourcing function.
  • Enhanced workplace flexibility with remote work options and shared-desk office spaces.
  • Launched the Next4me program for employees aged 55 to 60.
  • Implemented various programs supporting employee mental and physical health and safety (Month of Mindfulness, yoga sessions, etc.).
  • Expanded global annual graduate programs from 13 to 20 positions.
  • Established a Diversity & Inclusion (D&I) governance structure with local and global teams.
  • Achieved 30% women in senior roles at LGT WM.
  • Various community engagement activities (volunteering, donations, partnerships).

Governance Achievements

  • Updated LGT Code of Conduct and provided training to all employees.
  • Expanded compliance department.
  • Implemented a New Business Activity Approval and Review (NBAAR) process.
  • Enhanced sustainability risk management framework.
  • Published a group-wide human rights statement.

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050 (LGT CP).
Medium-term Goals:
  • Reduce energy consumption per FTE by 30% by 2030.
  • Achieve 100% renewable electricity and heating by 2030.
  • Reduce flight emissions per FTE by 50% by 2030.
  • Reduce paper consumption per FTE by 50% by 2030.
  • Net-zero emissions by 2030 (LGT PB).
Short-term Goals:
  • Implement checklist for standard energy and resource efficiency measures.

Environmental Challenges

  • War in Ukraine exacerbated energy security, affordability, and climate change challenges.
  • International sanctions limited business with clients in Russia and Belarus.
  • Data limitations in measuring biodiversity impact.
  • Increasing cybersecurity threats.
  • Evolving sustainability-related regulatory requirements.
Mitigation Strategies
  • Implemented short-term energy-saving measures.
  • Planned a new LEED platinum-certified office building.
  • Connected Vaduz buildings to district heating.
  • Developed a portfolio of high-quality carbon removal credits.
  • Expanded compliance department and resources.
  • Joined various initiatives (NZBA, PCAF, IIGCC, Climate Action 100+, etc.).
  • Developed and implemented a new sustainability risk management framework.

Supply Chain Management

Responsible Procurement
  • LGT Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Real estate investments affected by physical risks.
Transition Risks
  • New regulations regarding sustainability in the financial industry.
  • Changes in technology and business models.
Opportunities
  • Investments in innovative solutions with a positive impact.

Reporting Standards

Frameworks Used: GRI Standards

Third-party Assurance: None

UN Sustainable Development Goals

  • All 17 SDGs

LGT's initiatives contribute to all 17 SDGs through various programs and investments.

Sustainable Products & Innovation

  • Focus Sustainability portfolio management mandate
  • Sustainable Global Equity fund
  • Lightrock Evergreen fund
  • Lightrock Climate Impact Fund
  • Various third-party funds/ETFs promoting environmental and/or social characteristics

Awards & Recognition

  • Great Place to Work certification
  • Fair pay certificate (Switzerland)

Reporting Period: 2023-02-01 to 2024-01-31

Environmental Metrics

Total Carbon Emissions:31923 tCO2e
Scope 1 Emissions:376 tCO2e
Scope 2 Emissions:0.2 tCO2e (market-based), 1514 tCO2e (location-based)
Scope 3 Emissions:31547 tCO2e
Renewable Energy Share:100%
Total Energy Consumption:3968 MWh
Carbon Intensity:66 MT CO2e/million USD value added

ESG Focus Areas

  • Platform Innovation
  • Planet
  • People & Community
  • Principles & Ethics

Environmental Achievements

  • Achieved 100% renewable electricity in operations
  • Science-based targets approved by SBTi for net-zero emissions by FY2041
  • Opened a LEED Gold, Energy Star-certified Foster City office with 100% carbon-neutral operations

Social Achievements

  • Notable growth in women and people of color in executive and senior leadership teams
  • Advanced DEI strategy through unconscious bias education, McKinsey Connected Leaders Academy, ERG support, and a mentoring program for women in sales and engineering
  • Coupa Cares community engagement program with 5,318 volunteer hours and support for 679 nonprofits

Governance Achievements

  • Established AI Committee and AI Guidelines
  • Received C5 Certification
  • Granted 16 patents (101 total issued patents)

Climate Goals & Targets

Long-term Goals:
  • Achieve net zero emissions by FY2041 across operations and value chain
Medium-term Goals:
  • Continue active annual sourcing of 100% renewable electricity through FY2031
Short-term Goals:
  • Reduce absolute Scope 1 & 2 GHG emissions 85% by FY2031 from FY2023 base year
  • Reduce Scope 3 emissions 52% per million USD value added by FY2031 from a FY2023 base year

Environmental Challenges

  • Overall emissions increased 3% in FY24 compared to FY23 due to increased emission factors for business travel and energy use.
  • Increase in emission factors for business travel (11% increase despite fewer flight miles traveled).
Mitigation Strategies
  • Continued evaluation and implementation of renewable energy strategies
  • Development of a climate transition plan including communication with high-emission suppliers, evaluation of business travel policies, and guides for remote employees to reduce emissions at home
  • Further strategies to decrease facility-related emissions

Supply Chain Management

Responsible Procurement
  • Sustainability is embedded across the total spend management platform, helping companies reduce their carbon footprint and Scope 3 emissions, improve diverse sourcing, and reduce ESG risks across their supply chains.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO27001, ISO27701, SOC1, SOC2, HIPAA/HITECH, ITAR, PCI, TISAX, FedRAMP, APEC PRP, SWIFT, C5

Sustainable Products & Innovation

  • AI-driven platform with capabilities to optimize sourcing and logistics to reduce emissions, analyze fleet electrification scenarios, improve demand forecasting to reduce waste, estimate Scope 3 emissions, recommend sustainable product alternatives, ensure diverse suppliers are included in proposals, increase sourcing and spend with diverse suppliers, analyze ESG supplier risks prior to contracting, and create vendor risk templates aligned with ESG regulations.

Awards & Recognition

  • Women Impact Tech Top 100 Companies