Commercial, Energy Efficiency, GHG Emissions  -  August 2, 2024

Coupa's Emissions Targets Approved by SBTi

Coupa's goals for lowering its environmental impact by pursuing climate targets were approved by the Science Based Targets initiative (SBTi) this month.

The community-generated AI platform committed to mitigating climate impact and achieving net zero by 2040 (FY 2041) by sourcing 100% renewable electricity annually, implementing energy efficiency projects across global facilities to reduce Scope 1 and 2 emissions and collaborating with suppliers to reduce Scope 3 emissions.

Details were featured in its 2024 Environmental, Social, and Governance (ESG) Report.

"Coupa is focused on becoming a generational company that thrives as a global business and an exceptional place to work. Core to that is embracing the responsibility we have to future generations and serving the greater societal good, which our ESG strategy ensures we do," said Coupa CEO Leagh Turner in a statement. “I'm grateful to the Coupa community who are partnering on this journey with us. We're co-innovating new platform solutions with our customers to improve margins while decreasing climate, supply, and social risks, creating positive change across their businesses and communities."

Coupa's AI-driven total spend management platform incorporates ESG data into spend and supply decisions for businesses. The company added new ESG features that resulted in customers spending millions of dollars with diverse suppliers, curtailing carbon emissions through supply chain efficiencies and complying with regulatory requirements.