ServiceNow Commits to Science-Based Targets and to Achieve Net-Zero Greenhouse Gas Emissions by 2030
SANTA CLARA, Calif.--(BUSINESS WIRE)--Sep 20, 2021--
ServiceNow (NYSE: NOW), the leading digital workflow company that makes work, work better for people, today announced its global commitment to achieve Net-Zero greenhouse gas (GHG) emissions by 2030 to further its vision to “ workflow a better world ” – one that is more sustainable, more equitable, and more ethical.
ServiceNow previously set a goal to achieve Net-Zero GHG emissions before 2050. Following a third-party assessment 1 completed by Watershed in July 2021, which evaluated the company’s entire corporate carbon footprint, ServiceNow identified that 93% of its carbon footprint comes directly from its value chain (Scope 3) emissions. By setting science-based targets that are focused on internal reduction programs and supplier engagement initiatives, ServiceNow has established a timeline 20 years ahead of the Paris Agreement and set an ambitious target to achieve Net-Zero GHG emissions by 2030. In the coming weeks, ServiceNow will submit its targets for approval to the Science Based Targets initiative (SBTi), a partnership that defines and promotes best practice in science-based target setting and independently assesses companies’ reduction targets.
With this science-based commitment, ServiceNow has joined the “ Business Ambition for 1.5°C ” global net-zero campaign led by the SBTi in partnership with the UN Global Compact and the We Mean Business coalition to take ambitious climate action in partnership with UN agencies, business, and industry leaders.
“As ServiceNow becomes the defining enterprise software company of the 21 st century, we are steadfast in our goal to create positive impact in the world,” said Gina Mastantuono, ServiceNow Chief Financial Officer. “We’re committed to making an impact and changing the way the world works by reaching Net-Zero GHG emissions two decades early – a crucial step in the right direction.”
ServiceNow’s latest commitment to achieve Net-Zero GHG emissions builds on the commitments made in early 2021. ServiceNow will continue to report progress in its annual Global Impact Report.
ServiceNow will achieve its Net-Zero goal across its entire value chain by 2030 by further committing to:
- Reduce greenhouse gas emissions with ambitious targets across direct operations (Scopes 1 & 2). This is aligned with science-based targets promoted by SBTi and what is deemed necessary to meet the stretch goal of the Paris Agreement to limit global warming to 1.5°C.
- Decarbonize the supply chain (Scope 3). ServiceNow will begin to collaborate with and support its suppliers on their sustainability journeys through a comprehensive supplier engagement model, which will be rolled out next year. ServiceNow will embed sustainability initiatives across its datacenter programs, such as supporting datacenter operations teams to become Certified Data Center Sustainability Professionals (CDCSP ® ). Achievement of this certification ensures ServiceNow operators understand the steps required to support the long-term sustainability of the company’s datacenters.
- Finance high-quality carbon offsets (verified emissions reductions) with a portfolio approach in initial partnership with Everland.Everland represents the world’s largest portfolio of high-impact forest conservation (REDD+) projects that protect wildlife and enhance the well-being of forest communities, which are essential to addressing climate change and biodiversity crises. ServiceNow will support the Mai Ndombe REDD+ project that protects 740,000 acres of critical bonobo and forest elephant habitat within the Congo Basin.
As part of ServiceNow’s ongoing commitment to sustaining our planet, ServiceNow will donate one million dollars over the next two years to nonprofit organizations focused on addressing climate change and the acceleration of decarbonization globally.
- ServiceNow Chief Financial Officer, Gina Mastantuono, shares additional insights in her blog.
- Read our Global Impact Report 2021 to understand how ServiceNow is committed to positively impacting our planet and the communities we serve.
- 1Infographic based on assessment completed by Watershed in July 2021
Use of Forward-Looking Statements
This press release contains “forward-looking statements” about the expectations, beliefs, plans, intentions and strategies relating to ServiceNow’s global impact vision. Such forward-looking statements include statements regarding ServiceNow’s Net Zero GHG goal and other climate change and decarbonization efforts and commitments. Forward‑looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward‑looking statements. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, our results could differ materially from the results expressed or implied by the forward‑looking statements we make. We undertake no obligation, and do not intend, to update the forward‑looking statements. Factors that may cause actual results to differ materially from those in any forward-looking statements include, without limitation, changes in global economic and climate conditions; changes in the environmental and climate-related regulatory landscapes; and unexpected delays, difficulties, and expenses in executing against the goals and commitments announced herein. Further information on factors that could affect our financial and other results is included in the filings we make with the Securities and Exchange Commission from time to time.
ServiceNow (NYSE: NOW) is making the world of work, work better for people. Our cloud-based platform and solutions deliver digital workflows that create great experiences and unlock productivity for employees and the enterprise. For more information, visit: www.servicenow.com.
© 2021 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated.
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INDUSTRY KEYWORD: DATA MANAGEMENT PHILANTHROPY ENVIRONMENT TECHNOLOGY FUND RAISING SOFTWARE INTERNET
SOURCE: ServiceNow, Inc.
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PUB: 09/20/2021 09:00 AM/DISC: 09/20/2021 09:02 AM