Commercial, Energy Efficiency, GHG Emissions - January 16, 2025
New Relic’s Targets Approved by SBTi
New Relic, a platform that unifies and pairs telemetry data, announced that the Science Based Targets initiative (SBTi) approved its near-term science-based targets.
“We are proud to make progress alongside our customers and partners who are also committing to science-based targets and consider it essential when choosing their technology providers,” said New Relic Chief Business and Operations Officer Thomas Lloyd in a statement. “On top of our work setting science-based targets, we are the only observability company to set a net-zero emissions by 2030 goal. Through these efforts, we are doing our part to slow climate change and pave the path toward decarbonization.”
New Relic committed to lower absolute Scope 1 GHG emissions 42.0% by its fiscal year 2030 from a fiscal 2020 base year and to continue active annual sourcing of 100% renewable electricity through fiscal year 2030. In addition, New Relic has committed to reduce absolute Scope 3 GHG emissions from business travel 51.7% per employee by fiscal year 2030 from a fiscal 2020 base year.
To address broader Scope 3 emissions from its value chain, New Relic said it will ensure 64.7% of its purchased goods and services and capital goods suppliers have set approved science-based targets by 2029.
A key part of New Relic’s decarbonization strategy has been reducing emissions from its cloud operations, which accounted for 48.9% of its total emissions in fiscal year 2024. To address this, New Relic migrated workloads from on-premises data centers to Amazon Web Services (AWS) in 2023, leading to a 37% reduction in carbon emissions for migrated workloads and a 15% to 20% improvement in performance efficiency.
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