Systemiq has committed to setting near- and long-term emission reductions, company-wide, in line with SBTi, the Science Based Targets initiative. The plan, led by our internal Project Zero team, builds on our existing work to reduce our footprint.
We’ve been carefully managing our environmental impact since the very early days, ahead of gaining BCorp certification in 2017. But this is the first time we have charted a measurable path to 2040.
Our partner Altruistiq has assessed our emissions baseline. In 2022, Systemiq’s seven offices across six countries were responsible for 1,860 tonnes of CO2 equivalent – or 4.5 tonnes of CO2e per employee on average.
Direct Scope 1 and 2 emissions accounted for 4.4% – mainly consisting of energy use in our offices. Like many companies in our sector, the vast majority of emissions occurred in Scope 3: along our (upstream) value chain. Business travel accounted for around 42%, with direct and indirect purchases – from IT equipment and capital goods to insurance – accounting for 50%.
We have submitted our science-based targets in accordance with the requirements for small and medium-sized enterprises; but we are setting ourselves the standards for large companies, which is why we have set a net-zero target for Scope 1 and 2 in 2030, and Scope 3 in 2040.
We will be at net zero for Scope 1 and 2 by 2030, and will achieve 90% of this target through absolute reductions.
We aim to achieve 80-100% renewable energy in our offices by 2025. Where this is impossible due to local circumstances, we will purchase renewable energy certificates.
Since a significant share of our scope 3 emissions (approx. 40%) comes from business travel, we have set a target to reduce travel emissions by 50% per employee by 2030.
To be aligned with the Paris Agreement and a 1.5°C future, we will reach net zero for all emissions by 2040.
In the same target year, we aim to reduce Scope 3 per-employee emissions by 97%.
Until then, we will finance beyond-value-chain mitigation of our Scope 1, 2 and 3 emissions through our partner Vertree to neutralise any unabated emissions.