Intuit Accelerates Commitment to Reaching Carbon Reduction and Renewable Electricity Targets
April 22 2019 - 9:00AM
Business Wire
Joins growing movement for corporate action on
climate change
Intuit Inc. (Nasdaq: INTU), makers of
TurboTax, QuickBooks and Mint, today announced it has
earned validation for its core sustainability targets from the
Science Based Targets initiative (SBTi). SBTi, a collaboration
between CDP, the United Nations Global Compact, World Resources
Institute (WRI) and the World Wide Fund for Nature (WWF),
independently assesses and validates corporate emissions reduction
targets against the latest climate science. Along with 200+ other
companies that have verified their goals with SBTi, Intuit has
joined a global movement for corporate climate action.
Intuit is on track to surpass three core sustainability
goals—achieving 100% renewable electricity, reducing its carbon
footprint of its facilities by 80%, and reducing total operational
footprint by 50%—more than three times faster than originally
projected when the company set its goals in 2016.
“Intuit’s mission is to power prosperity around the world.
Delivering on that mission means leaving the world a better place
than we found it,” said Eileen Fagan, head of Corporate
Responsibility at Intuit. “We take pride in being stewards of the
environment and champions of sustainability. Our bold goals reflect
Intuit’s ongoing commitment to living out our mission.”
Innovation and design methodologies, woven into Intuit’s
culture, have been a driving force behind Intuit’s ability to drive
impact beyond its own operations, including its supply chain and
customers. Intuit’s sustainability programs include:
- Purely Green: In 2018, Intuit
introduced the Purely Green program, a partnership between Just
Energy, RPD Energy and Intuit that enables Intuit to share its
corporate wind power procurement in Texas with small business and
residential customers at a discounted price.
- Offsetting Employee Business
Travel: Through select travel partners, Intuit reduces the
negative impact of carbon emissions during business travel.
Measuring and offsetting carbon emissions from employee travel is
considered a reduction of Scope 3 emissions, which include indirect
emissions such as business travel, employee commute, supply chain
and customers.
- Project Drawdown: Since 2015,
Intuit has committed to becoming carbon neutral by purchasing
carbon offsets to mitigate all of its direct and indirect
greenhouse gas emissions. Intuit has partnered with Project
Drawdown to support carbon offset projects that focus on not only
preserving habitats that are environmentally sensitive, but also
create an impact through small business growth, female
entrepreneurship and community-based conservation.
“When we look at how our partners are leveraging our data and
impact projections, Intuit comes out on top,” said Dr. Jonathan
Foley, Executive Director of Project Drawdown. “We are working
together to combat the most pressing planetary needs, and Intuit
has realized the sweet spot of reducing its carbon footprint while
staying true to its mission of investing in small businesses and
entrepreneurs.”
For more information about Intuit’s corporate responsibility and
sustainability initiatives, download its 2018 corporate
responsibility report.
About Intuit
Intuit’s mission is to Power Prosperity Around
the World. Our global products and platforms,
including TurboTax, QuickBooks, Mint and Turbo, are
designed to empower consumers, self-employed and small
businesses to improve their financial lives, finding them more
money with the least amount of work, while giving them complete
confidence in their actions and decisions. Our innovative
ecosystem of financial management solutions
serves approximately 50 million customers worldwide,
unleashing the power of many for the prosperity of one. Please
visit us for the latest news and in-depth information about
Intuit and its brands and find us on social.
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Sarah HilmerSarah_hilmer@intuit.com650-944-5474
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