10/29/2024 | Press release | Distributed by Public on 10/29/2024 01:13
\r\nOctober 29, 2024
October 29, 2024
Learn how our IT team is executing on a sustainability framework that is on track to reduce gross emissions by 90% by 2040 across our global operations and supply chain.
\r\n"}}" id="text-094c9f8b5f" class="cmp-text">Learn how our IT team is executing on a sustainability framework that is on track to reduce gross emissions by 90% by 2040 across our global operations and supply chain.
Out of any business function, IT teams play one of the most critical roles in executing enterprise sustainability initiatives. They can establish the frameworks and toolsets necessary for internal teams to design new operating models to meet their team's and the organization's sustainability goals.
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At Cognizant, our IT team has developed and is executing on our IT sustainability framework, which has been validated by the Science Based Target Initiative (SBTi), a global corporate climate action organization. As a result, our organization is on track to source 100% renewable electricity for our facilities by 2026 and achieve a reduction of 90% in global emissions by 2040.
\r\nFrom our experience, an IT sustainability framework provides an action plan for IT teams to help their organizations achieve their net-zero goals. And to do that successfully, a framework must incorporate the following five elements:
\r\n A common misconception when building a new sustainability initiative is that it requires a big investment in new technologies. Instead, the opposite is true: IT teams can make great strides by evaluating their current energy consumption and discovering opportunities for reducing usage.
\r\nAt Cognizant, the following actions have helped us reduce the emissions associated with IT infrastructure by 60% since 2019:
\r\nIn addition to evaluating and reducing current energy usage, the IT sustainability framework should consider sourcing renewable energy to create absolute reductions in emissions. In fact, increasing usage of renewable energy sources can be incredibly cost effective as solar and wind energy continues to become more affordable.
\r\nCognizant is committed to sourcing 100% of our electricity needs from renewable sources by the end of 2026. Here are some of the critical ways our IT teams are helping us turn this goal into a reality:
\r\nWe've already increased our global sourcing of renewable electricity to 30%, which is a 3% increase from 2021 through these initiatives. We estimate that these projects will have an energy savings potential of up to 4.7M kWh.
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IT teams can also play a role in providing data on greenhouse gases (GHG) emissions that will help us set net-zero targets. This data can help suppliers identify energy inefficiencies throughout their and their partners' operations, as well as flag opportunities for optimization.
\r\n
\r\nThese opportunities could include evaluating transportation inefficiencies, developing more sustainable inventory management methods and setting realistic emission reduction goals.
Cognizant's suppliers are required to gather and report their GHG emissions to us and establish their own net-zero targets. Setting these standards and helping our suppliers find new opportunities to improve their own sustainability targets has been critical in reducing our Scope 3 emissions, which represent 63% of our overall carbon footprint.
\r\n"}}" id="text-f5fa59da3e" class="cmp-text">
Out of any business function, IT teams play one of the most critical roles in executing enterprise sustainability initiatives. They can establish the frameworks and toolsets necessary for internal teams to design new operating models to meet their team's and the organization's sustainability goals.
At Cognizant, our IT team has developed and is executing on our IT sustainability framework, which has been validated by the Science Based Target Initiative (SBTi), a global corporate climate action organization. As a result, our organization is on track to source 100% renewable electricity for our facilities by 2026 and achieve a reduction of 90% in global emissions by 2040.
From our experience, an IT sustainability framework provides an action plan for IT teams to help their organizations achieve their net-zero goals. And to do that successfully, a framework must incorporate the following five elements:
A common misconception when building a new sustainability initiative is that it requires a big investment in new technologies. Instead, the opposite is true: IT teams can make great strides by evaluating their current energy consumption and discovering opportunities for reducing usage.
At Cognizant, the following actions have helped us reduce the emissions associated with IT infrastructure by 60% since 2019:
In addition to evaluating and reducing current energy usage, the IT sustainability framework should consider sourcing renewable energy to create absolute reductions in emissions. In fact, increasing usage of renewable energy sources can be incredibly cost effective as solar and wind energy continues to become more affordable.
Cognizant is committed to sourcing 100% of our electricity needs from renewable sources by the end of 2026. Here are some of the critical ways our IT teams are helping us turn this goal into a reality:
We've already increased our global sourcing of renewable electricity to 30%, which is a 3% increase from 2021 through these initiatives. We estimate that these projects will have an energy savings potential of up to 4.7M kWh.
IT teams can also play a role in providing data on greenhouse gases (GHG) emissions that will help us set net-zero targets. This data can help suppliers identify energy inefficiencies throughout their and their partners' operations, as well as flag opportunities for optimization.
These opportunities could include evaluating transportation inefficiencies, developing more sustainable inventory management methods and setting realistic emission reduction goals.
Cognizant's suppliers are required to gather and report their GHG emissions to us and establish their own net-zero targets. Setting these standards and helping our suppliers find new opportunities to improve their own sustainability targets has been critical in reducing our Scope 3 emissions, which represent 63% of our overall carbon footprint.
Travel emissions have already been reduced drastically for many organizations, largely as a result of the COVID-19 pandemic. But today, many companies struggle with whether to continue supporting fully remote work, take a hybrid approach or require a full-time work-in-office requirement.
\r\nIT teams can help leadership determine what is right for their company culture and overall productivity by:
\r\nCognizant strives to increase cross-functional communications and establish better checks and balances for travel. We've seen a 72% drop in travel emissions by:
\r\n
Reaching net zero takes commitment and a culture shift. While IT teams can't be solely responsible for these elements, they can play an important role in helping large companies increase buy-in throughout the organization.
\r\n
\r\nFor example, our IT teams help ensure we have the platforms necessary to educate our partners, clients and associates on how our processes and procedures work together to reduce our global emissions.
Our IT team plays a major role in reducing our environmental impact. With their support, we've transformed our sustainability initiatives with data and technology strategies that have put us on a sure path to a net-zero future.
\r\nLearn how our sustainability advisory services and solutions can help your organization reduce your environmental footprint and turn your sustainability commitments into achievable milestones.
\r\n"}}" id="text-a1e2151815" class="cmp-text">Travel emissions have already been reduced drastically for many organizations, largely as a result of the COVID-19 pandemic. But today, many companies struggle with whether to continue supporting fully remote work, take a hybrid approach or require a full-time work-in-office requirement.
IT teams can help leadership determine what is right for their company culture and overall productivity by:
Cognizant strives to increase cross-functional communications and establish better checks and balances for travel. We've seen a 72% drop in travel emissions by:
Reaching net zero takes commitment and a culture shift. While IT teams can't be solely responsible for these elements, they can play an important role in helping large companies increase buy-in throughout the organization.
For example, our IT teams help ensure we have the platforms necessary to educate our partners, clients and associates on how our processes and procedures work together to reduce our global emissions.
Our IT team plays a major role in reducing our environmental impact. With their support, we've transformed our sustainability initiatives with data and technology strategies that have put us on a sure path to a net-zero future.
Learn how our sustainability advisory services and solutions can help your organization reduce your environmental footprint and turn your sustainability commitments into achievable milestones.
We're here to offer you practical and unique solutions to today's most pressing technology challenges. Across industries and markets, get inspired today for success tomorrow.
"}}" id="text-88ca0fbb21" class="cmp-text">We're here to offer you practical and unique solutions to today's most pressing technology challenges. Across industries and markets, get inspired today for success tomorrow.