Cognizant Commits to Net Zero Emissions by 2030

About this update from Cognizant Technology Solutions Corporation

[{"type":"text","content":"Company Executes on Its ESG Agenda, Prioritizing Clean Energy Sourcing and Energy Efficiency Among Environmental Initiatives\n\n\nTEANECK, N.J., Oct. 19, 2021 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) today announced it will achieve net zero emissions by 2030, a new milestone set out as part of the company's ongoing environmental, social and governance (ESG) agenda to become a more sustainable business.\n\n \n \n \n \n \n \n\n \n\"Climate change is widespread, rapid and intensifying,\" said Brian Humphries, Chief Executive Officer at Cognizant. \"As a global company, we take seriously our responsibility to leverage our expertise and resources to help address climate change. I am proud to announce that Cognizant commits to achieve net zero emissions by 2030. We will also extend our expertise in cloud, IoT and AI to help our Global 2000 clients meet their sustainability goals, reduce their carbon footprints and sharpen their competitiveness.\"\n\"We designed Cognizant's net zero roadmap to marshal the global resources of a Fortune 200 technology services company to help accelerate the world's movement to a low-carbon economy,\" said Sophia Mendelsohn, Chief Sustainability Officer and Head of ESG at Cognizant. \"Through our goal, we will strengthen the demand for renewable energy and energy efficient technology.\" \nCognizant's commitment to net zero calls for reducing emissions by 50 percent from the company's global operations and supply chain by 2030, and by 90 percent by 2040. Remaining emissions will be negated with carbon offsets. \nSpecific initiatives to achieve net zero include:\nAligning to climate science. Cognizant is developing a science-based emissions reduction target that is aligned with the need to keep global average temperature increases to 1.5 degrees Celsius, and will submit this target for third-party validation with the Science Based Targets initiative (SBTi). Cognizant believes third-party validation is an important hallmark of a goal's ambition and legitimacy. Ongoing investments in renewable energy. Building on initial success in India, where over a quarter of Cognizant's energy has come from renewable sources since 2020, Cognizant plans to expand its use of onsite solar energy and enter new power purchase agreements with clean energy developers. It will also continue as a member of the Renewable Energy Buy...

More updates from Cognizant Technology Solutions Corporation