A leading software and services provider is one of the latest to join a host of companies sector-wide in committing to carbon neutrality by 2040.
The long-term plan aims to achieve carbon neutrality in its business operations in scope 1 and 2 emissions in reflection of Amdocs' ongoing environmental dedication.
Amdocs: Technology leader joining 2040 carbon neutrality pledge
Amdocs’ COO & CFO Tamar Rapaport-Dagim said that, as a technology leader, taking meaningful action is a responsibility it cannot stray away from.
“Our new commitment aligns with our strategy of advancing environmental sustainability through our products, services and operations, and contributing to a low-carbon future for the benefit of our customers, employees, shareholders, and society at large,” she said.
Amdocs’ roadmap to carbon neutrality explores ways to enhance its low-carbon transition by directly procuring renewable energy through Power Purchase Agreements (PPAs). Amdocs has built a global transition plan that will gradually move its major sites in North America, India, Israel, APAC, Europe, and CALA to renewable energy, with the final aim to provide 100% renewable energy to all of Amdocs sites globally by 2040.
The brand also has mid-term targets it is equally committed to meeting in the interim, approved by the Science Based Targets Initiative in line with the Paris Climate Agreement. This includes reducing its direct emissions by 21% by 2024 and cutting indirect emissions by 13% by 2024, compared to its 2019 base year.
Other companies committed to carbon neutral operations by 2040
Pledging to complete this process 10 years ealrier than most, in 2022 Apple announced its plan to become completely carbon neutral by 2030 across its entire business. The tech giant plans on reducing its emissions by 75% and investing in clean energy sources to offset the remaining portion.
Like Apple, Microsoft has committed to becoming carbon neutral by 2030, and has been offsetting emissions since 2012. To date, the giant has invested US$700 million in Carbon Fee and Dividend projects and committed to using 100% renewable energy to power its operations by 2025.
Vodafone is committed to achieving net zero emissions by 2040 across all of its global operations. Originaly set for 2050, the company is implementing a variety of impactful measures to reach this goal, including enabling its corporate customers to reduce their emissions by 350mn tCO2e from 2020-30, halving the carbon emissions produced by its supply chain and business travel by 2030 and halving the carbon emissions produced by its joint ventures by 2030.
IBM aims to offset all its carbon emissions by 2030 by reducing greenhouse gas emissions by 65% by 2025 against base year 2010, procuring 75% of the electricity it consumes worldwide from renewable sources by 2025 and 90% by 2030. As part of this plan, IBM also aims to use feasible technologies, such as carbon capture in or by 2030, to remove emissions in an amount that equals or exceeds the company's level of residual emissions.
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