Climate Change Data

Schrödinger, Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:32491 tCO2e/year (Scope 1, 2, and 3)
Scope 1 Emissions:249 tCO2e/year
Scope 2 Emissions:847 tCO2e/year (market-based)
Scope 3 Emissions:31431 tCO2e/year
Renewable Energy Share:100% for internal high-performance computing cluster; majority of cloud computing footprint hosted on carbon-neutral providers
Total Energy Consumption:12674 GJ/year
Water Consumption:6.20 ML/year
Waste Generated:366 tons/year

ESG Focus Areas

  • ESG Governance
  • Drug Discovery and Life Science Collaborations
  • Company Culture and Employee Engagement
  • Diversity, Equity, and Inclusion (DEI)
  • Employee Well-being
  • Academic and Community Outreach
  • Environmentally Beneficial Solutions
  • Operational Environmental Footprint
  • Ethics, Transparency, and Compliance
  • Responsible Use of Technology
  • Intellectual Property
  • Cybersecurity and Data Privacy

Environmental Achievements

  • Received LEED® Gold designations for three US offices and anticipates three more for Framingham, MA, Seoul, and Tokyo offices.
  • Established baselines for operational and supply-chain greenhouse gas emissions and created an infrastructure for reporting these emissions.
  • Announced intention to establish science-based emissions reduction targets aligned with the Science Based Targets initiative by the end of 2025.
  • Developed its first Environmental Policy.

Social Achievements

  • Introduced new focus areas to strengthen the work of employee resource groups.
  • Introduced new health and well-being benefits for employees.
  • Co-awarded a $1 million National Science Foundation grant to increase access for underrepresented students to industry-leading technology and paid internships.
  • Hosted a symposium, “Catalyzing Gender Equity at Schrödinger: Early Careers in Computational Sciences,” aimed at women and nonbinary scientists and Ph.D.s.
  • Launched its first Global Social Impact Policy and released a new social impact platform for employees.
  • Maintained high employee retention rate of approximately 93%.

Governance Achievements

  • Created and updated key policies, such as the Supplier Code of Conduct.
  • Expanded internal function and hired a designated ethics and compliance manager.
  • Established its first Ombuds Office to comply with local laws and data privacy rules and regulations.

Climate Goals & Targets

Short-term Goals:
  • Establish and report emission reduction targets aligned with the Science Based Targets initiative by the end of 2025.
  • Complete a formal internal EHS function by the end of 2024.

Environmental Challenges

  • Relatively early in its environmental sustainability journey.
  • Need to better understand and track environmental impacts, including carbon footprint.
Mitigation Strategies
  • Significant investments in better understanding and tracking environmental impacts.
  • Intention to establish science-based greenhouse gas (GHG) emissions reduction targets.
  • Development of a formal environmental, health, and safety (EHS) function (planned for completion by end of 2024).

Supply Chain Management

Supplier Audits: Planning stage for conducting supply chain audits

Responsible Procurement
  • Supplier Code of Conduct (finalized end of 2023, rollout in 2024)

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards 2021, SASB Biotechnology & Pharmaceuticals Standard, SASB Software & IT Services Standard, UN Sustainable Development Goals (SDGs)

Certifications: LEED® Gold (multiple offices)