Commercial, Energy Efficiency, GHG Emissions  -  May 1, 2024

Sphera's Target Receives SBTi Validation

Sphera — a global provider of environmental, social and governance (ESG) performance and risk management software, data and consulting services — received validation of its Scope 1 and 2 GHG reduction target from the Science Based Targets initiative (SBTi).

The target applies to Sphera's direct operations and includes a commitment to lower its absolute Scope 1 and 2 GHG emissions by 60.5% by 2030 using 2019 as the base year. 

In 2019, Sphera's GHG footprint equaled 8,582 tons of carbon dioxide equivalent. 

The company’s total GHG emissions have already been reduced by 19%. Details were outlined in Sphera's most recent ESG Report.

Sphera's global decarbonization goals include lowering absolute Scope 3 GHG emissions from fuel and energy-related activities, waste generated in operations, and employee commuting by 46.2% from a 2019 baseline by 2023.

The company also set a goal that 60.7% of its suppliers by emissions covering purchased goods and services and business travel will have science-based targets by 2028.

"In order to be successful in today's business environment, organizations must be action-oriented in developing and improving the sustainability of their operations and services," said Sphera's CEO and President Paul Marushka in a statement. "As such, we are not only committed to supporting our customers in achieving their emissions reduction targets but also to minimizing our own carbon footprint. We are proud of the SBTi approval of our near-term, science-based emissions reduction target, and it demonstrates Sphera's ongoing dedication to creating a safer, more sustainable and productive world."

Sphera reports its emissions in line with requirements outlined by the Greenhouse Gas (GHG) Protocol and reports in reference to the standards of the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the U.N. Global Compact (UNGC) and its Sustainable Development Goals (SDGs).