Commercial, Energy Efficiency, GHG Emissions - November 8, 2023
HubSpot's Goals Approved by SBTi
HubSpot, a customer platform for scaling businesses, announced its near-term and long-term science-based emissions reduction targets (SBTs) have been approved by the Science Based Targets Initiative (SBTi).
The company committed to reaching net-zero GHG emissions across its value chain by 2040.
“Having our targets validated by the Science Based Targets initiative is an important milestone on our climate journey, and one step towards a net-zero carbon future,” said Yogesh Chauhan, Director of ESG at HubSpot, in a statement. “The climate crisis requires collective action and bold solutions, and we’re committed to working with our customers, partners, and the wider tech industry to build a brighter future for generations to come.”
HubSpot’s validated SBTis include lowering absolute Scope 1 and 2 GHG emissions by 47% by 2030 from a 2019 base year, reducing Scope 3 GHG as emissions from business travel 55% per employee by 2030 from a 2019 base year and ensuring that 70% of its suppliers, by spend covering purchased goods and services and capital goods, will have science-based targets by 2027.
The company’s long-term target is to lower absolute Scope 1, 2 and 3 GHG emissions 90% by 2040 from a 2019 base year.
HubSpot’s commitment to net-zero carbon involves three key areas:
- Making buildings sustainable by switching to renewable energy, optimizing office space, installing energy-efficient technologies and introducing sustainability criteria in new building leases. In Dublin, solar panels on the roof of HubSpot House produce 16,000 kWh annually and generate a considerable amount of green electricity, even on a rainy day.
- Providing resources for employees to reduce their carbon footprint while striking a balance between fostering connectivity across its hybrid workforce and minimizing people’s carbon footprint.
- Working with suppliers who have like-minded sustainability goals and encouraging them to set science-based targets while working with customers and partners on their own sustainability journeys.
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