Four out of 15 ESG targets for 2025 achieved, including 93% reduction in scope 1 and 2 emissions.
Impact study confirms contribution of industrial software to driving Net Zero.
Gender equality gains show women now comprise over 37% of new hires.
Mumbai, India, September 07, 2023: AVEVA, a global leader in industrial software, has met its Scope 1 and 2 greenhouse gas (GHG) emissions targets for 2025 early and accelerated investment in software solutions that help customers in the UK and beyond decarbonise.
The results, communicated in the new AVEVA 2023 Sustainability Progress Report, reveal significant progress across all three pillars of the company’s sustainability framework, encompassing product strategy, operations, and culture.
AVEVA has achieved four out of 15 ESG goals for 2025:
- Reduce GHG emissions across operations (Scopes 1 and 2) by 90% (actually 93%) from the FY20 baseline.
- Cut GHG emissions associated with business travel (Scope 3) by 20% (actually 43%) from the FY20 baseline.
- Remain in the top 25% of security benchmarks (BitSight).
- Increase employee confidence in reporting unethical behaviour to the top 25% of the industry.
Looking ahead to next year, we will continue our work to maintain these results and will focus on achieving our other 2025 ESG targets.
Caspar Herzberg, CEO of AVEVA, said: “Our third sustainability report reflects the tremendous progress we have made over the past year to reduce our own environmental footprint, enhance our sustainability handprint with our customers, and strengthen our culture at AVEVA. I’m proud of our whole team for their focus and commitment to driving meaningful change. These gains will inspire us as we continue to pioneer software that enables industry to be at the centre of delivering a more socially just, low-carbon future.”
The report marks AVEVA’s third year of reporting on the progress and learnings it has made against its strategic environmental, social, and governance (ESG) framework and pledges. The first report established guiding commitments to the environment and gender for 2030, while the second launched 15 ESG targets for 2025.
Sustainability gains across product, operations, and culture
As part of delivering across its holistic ESG strategy, AVEVA has embedded sustainability more deeply into the company’s core product strategy under its “technology handprint” pillar. Beyond building in new sustainability-specific capabilities into its software portfolio, the company is investing in global sales enablement aligned with growing the green economy.
Additional product-related sustainability highlights include:
- 115+ innovative sustainability concepts delivered during hackathons
- 750+ universities worldwide incorporate AVEVA software into curricula and research.
- A pilot impact study on the contribution of industrial software to advancing net-zero goals
AVEVA’s “operational footprint” pillar focuses on advancing ethical best practices and environmental stewardship across AVEVA’s own operations and value chain.
Results delivered in FY23 include:
- AVEVA’s net-zero commitments are validated by the Science-Based Targets Initiative (SBTi).
- AVEVA was recognised by the Financial Times as a Europe Climate Leader.
- AVEVA launched its Supplier Code of Conduct and Responsible Sourcing program
AVEVA depends on its employees to promote sustainable change internally and for local communities. As part of its inclusive culture pillar, AVEVA is infusing diversity, equity, inclusion, and wellbeing (DEIW) considerations into every stage of employees’ careers.
This year, AVEVA ensured:
- 2% of new hires in FY23 were women.
- 200+ employees were given leadership training.
- 36% of employees participated in an Action for Good event.
The company also committed to several vital equity movements, becoming a signatory to Change the Race Ratio and the Race at Work Charter.
AVEVA’s Global Head of Sustainability Lisa Wee underscored the benefit of a clearly defined sustainability strategy for businesses. She said: “By establishing a clear, strategic, and ambitious sustainability framework and program at AVEVA, we have been able to set direction for our organisation, drive alignment, and measure impact. Customers and partners are also looking for opportunities to collaborate with those that share their values, understand their challenges, and boast a robust sustainability track record of their own.” More information on AVEVA’s sustainability targets and accomplishments can be found in the full report, including a mapping of our sustainability solutions, a deep dive into gender representation and pay parity within the company, and a look at alignment with the UN’s Sustainable Development Goals (SDGs).
Also read: Addressing Security Challenges Beyond 2023: Recommendations for CIOs and Technology Leaders
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