Energy Efficiency, GHG Emissions, Sourcing Renewables  -  June 20, 2024

Zuora Achieves 100% RE, Commits to SBTi Goals

Zuora, Inc., a monetization suite for businesses that offer usage-based models, subscription bundles and other options, announced that it reached 100% renewable energy for the company’s global real estate footprint for the second consecutive year.

The company also committed to the Science Based Targets initiative (SBTi) with both near- and long-term GHG reduction goals, the first step to achieving a net-zero target.  Zuora plans to submit a near-term emissions reduction target to the SBT) by the end of FY25 and submit a long-term science-based target to reach net-zero to the SBTi by end of FY25.

Zuroa maintained carbon neutrality for the third year in a row and requested GHG emissions data and reduction goals directly from its top suppliers, representing over 50% of its spend by the end of FY24.

The company also established a Governance, Risk and Compliance (GRC) Committee to review progress and address potential gaps in its policies.

Details were announced in the company's fiscal year (FY) 2024 Global Impact Report.

“Modern business is rooted in recurring relationships, and that means putting people first instead of products,” said Tien Tzuo, Founder and CEO at Zuora, in a statement. “Subscribing to this philosophy guides the business models Zuora powers and how we approach ESG to create a more equitable, accessible and sustainable world for our customers, employees, shareholders and the community around us.”

Zuora’s FY 2024 Global Impact Report is prepared in accordance with the Sustainability Accounting Standards Board (SASB) framework and is informed by the Global Reporting Initiative Standards (GRI) and the United Nations Global Compact (UNGC).

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