FactSet’s GHG Emissions Commitment Validated by Science Based Targets Initiative

Rhea-AI Summary

FactSet, a global financial digital platform provider, announced that the Science Based Targets initiative (SBTi) has validated its near-term sustainability initiative to reduce greenhouse gas (GHG) emissions. This validation follows FactSet's 2022 commitment and confirms the company's goals are inline with SBTi's guidelines.

FactSet's commitments include:

• Reducing absolute scope 1 and 2 GHG emissions by 45% by fiscal year 2030 from fiscal 2023 base year levels
• Reducing absolute scope 3 GHG emissions by 25% by fiscal year 2030 from fiscal 2023 base year levels

The company plans to measure and disclose its GHG emissions, implement strategies to decrease emissions, and progress towards a net-zero future. This validation aligns with FactSet's sustainability plan, supported by its executive-sponsored Sustainability Committee and previous pledges with the UNGC and PRI.

Positive

• SBTi validation of FactSet's GHG emissions reduction targets
• Commitment to reduce scope 1 and 2 emissions by 45% by 2030
• Commitment to reduce scope 3 emissions by 25% by 2030
• Alignment with global sustainability initiatives (UNGC and PRI)

Negative

• None.

NORWALK, Conn., Sept. 25, 2024 (GLOBE NEWSWIRE) -- FactSet, a global financial digital platform and enterprise solutions provider, today announced that the Science Based Targets initiative (SBTi) has validated its near-term, company-wide sustainability initiative to reduce greenhouse gas (GHG) emissions to combat the global climate crisis.

This validation follows FactSet’s 2022 near-term emission reduction commitment, confirming the company’s goals have been reviewed by corporate climate experts and are inline and attainable according to SBTi’s guidelines. These goals include reducing scope 1, direct and owned company emissions; scope 2, indirect and off-site company emissions; and scope 3, indirect value chain emissions.

FactSet’s commitment involves:

• FactSet Research Systems Inc. commits to reduce absolute scope 1 and 2 GHG emissions by 45% by its 2030 fiscal year from its fiscal 2023 base year levels.
• FactSet Research Systems Inc. commits to reduce absolute scope 3 GHG emissions by 25% by its 2030 fiscal year from its fiscal 2023 base year levels.

As outlined in FactSet’s 2023 Sustainability Report, FactSet commits to measuring and disclosing its GHG emissions to drive business goals and reach a net zero future. As FactSet progresses towards its decarbonization targets, FactSet will be researching and implementing alternate strategies to adapt its operations to decrease its scope 1, 2, and 3 emissions.

“At FactSet, we are committed to upholding the highest standards to achieve our sustainability goals,” said Bénédicte Godet Crochet, Chair of the Sustainability Committee at FactSet. “As we receive this validation from the Science Based Targets initiative, we continue to progress our efforts towards making a meaningful impact on our planet and community. This achievement marks a significant milestone in our sustainability journey, and we are proud to be a player in reaching a net-zero future.”

This validation is in accordance with FactSet’s sustainability plan, which is reinforced by the company’s executive-sponsored Sustainability Committee, a group that supports and executes sustainability goals and initiatives, as well as previous pledges with the United Nations Global Compact (UNGC) and Principles for Responsible Investing (PRI).

To learn more about FactSet’s sustainability program, please visit: https://www.factset.com/our-company/sustainability.

About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 216,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.

FactSet
Investor Relations Contact:
Ali van Nes
+1.203.810.2273
Avannes@factset.com

Media Contact:
Megan Kovach
+1.512.736.2795
megan.kovach@factset.com

FAQ

What are FactSet's (FDS) GHG emissions reduction targets for 2030?

FactSet (FDS) commits to reduce absolute scope 1 and 2 GHG emissions by 45% and scope 3 GHG emissions by 25% by its 2030 fiscal year, compared to fiscal 2023 base year levels.

Has FactSet's (FDS) GHG emissions reduction plan been validated by any external organization?

Yes, FactSet's (FDS) near-term, company-wide sustainability initiative to reduce greenhouse gas emissions has been validated by the Science Based Targets initiative (SBTi) on September 25, 2024.

What is FactSet (FDS) doing to achieve its GHG emissions reduction goals?

FactSet (FDS) is measuring and disclosing its GHG emissions, researching and implementing alternate strategies to adapt its operations, and progressing towards a net-zero future. The company has an executive-sponsored Sustainability Committee to support and execute these initiatives.

How does FactSet's (FDS) sustainability plan align with global initiatives?

FactSet's (FDS) sustainability plan aligns with global initiatives through its pledges with the United Nations Global Compact (UNGC) and Principles for Responsible Investing (PRI), in addition to having its targets validated by the Science Based Targets initiative (SBTi).