Greenstone has recently become a Tech Zero signatory. Tech Zero is a partner of the UNFCCC ‘Race to Zero’ for tech companies committed to making faster progress towards net zero. With founding partners such as Bulb, Revolut and Starling Bank, Greenstone joins the nearly 300 tech companies globally who have joined the climate-action group so far.
In February 2022, Greenstone published its annual Communication on Progress. This includes Greenstone’s GHG emissions footprint (Scope 1, 2 and 3), our environmental initiatives, our progress against our SBTi approved science-based target and our goal to become a net-zero business.
As a responsible business, we are committed to ensure our services and actions are in-line with climate science and to ensure that we follow a pathway that is consistent with addressing the climate crisis. Our ambition is to attain a net-zero status in line with the SBTi’s net-zero standard. This standard is currently in development for SMEs and therefore, we have become a signatory of the Tech Zero framework.
By becoming a Tech Zero signatory, Greenstone has committed to the following:
- Measuring all our global organisation’s greenhouse gas (GHG) emissions, including scope 3, and report them publicly each year.
- Publishing more details about how we plan to reach net zero, including setting a net zero target date by 2050 at the absolute latest, and an interim target(s).
- Appointing a member of our executive team to be responsible and accountable for our net zero target.
- Communicating our climate commitments in other meaningful ways, including to our customers.
- Reporting our progress on short and medium term targets to our Board annually, and on our website.
As part of this commitment, Greenstone has appointed a member of the Executive Team to own the net-zero target and pathway and will publish a net-zero pathway and target date by early 2023. The Tech Zero initiative further underlines our commitment to our SBTi emissions reduction target and we will continue to report on our progress in reducing emissions to the Greenstone Board and through our UNGC Communication on Progress.
For more information on Greenstone Sustainability initiatives, please visit our Sustainability page.