Okta Reaches 100 Percent Renewable Electricity for Global Offices and Workforce; Pioneers Hybrid Work Emissions Study
September 28 2021 - 9:00AM
Business Wire
Dynamic Work environment shows per employee
emissions reduced twenty-one percent; Identity leader reaches its
renewable electricity goal ahead of target
Okta, Inc. (NASDAQ:OKTA), the leading independent identity
provider, today announced the company has reached 100 percent
renewable electricity for its global offices and employees’
work-from-home consumption in FY22, and launched the Dynamic Work
Greenhouse Gas (GHG) Emissions Study, a study designed to measure
the environmental impact of today’s hybrid workforce. The study
found that in a Dynamic Work environment, Okta’s hybrid work
framework which provides equity across work environments, per
employee emissions are estimated to be 21 percent lower than they
were prior to implementing Dynamic Work.
As Okta expands its global presence and embraces Dynamic Work,
quantifying the company’s new environmental footprint has become a
critical piece of Okta’s Environmental, Social, and Governance
(ESG) process. Okta partnered with Global Sustainability
Consultancy Anthesis to run an analysis comparing its FY20
pre-pandemic, pre-dynamic year of work (Feb 1, 2019 - Jan 31, 2020)
with an FY23 projected year with Dynamic Work in place to
understand the impact Okta’s Dynamic Work framework has on its
greenhouse gas emissions inventory. The study found that Dynamic
Work can reduce GHG emissions, due to reduced employee commuting
and reduced workplace square footage per person, even when
accounting for incremental increases in home energy use.
“As a business, the way we evaluate our environmental footprint
has evolved along with the way we work. Just as we need to be
responsible for the environmental impact of the buildings we occupy
and the services we provide, now we need to account for and help
our employees to understand, measure and reduce their environmental
impact in this new distributed, Dynamic Work model,” said Erin
Baudo Felter, Vice President, Social Impact & Sustainability,
Okta. “This study is an important first step in understanding and
quantifying our impact with Dynamic Work.”
“Businesses around the globe are setting targets to reduce their
greenhouse gas emissions as part of their climate change
strategies. Anthesis is a critical partner to our clients in their
efforts to not only create sustainable business models but to also
measure impact”, said Emma Armstrong, Executive Director with
Anthesis. “As the workplace evolves to accommodate changing needs
accelerated by the pandemic, we were excited to partner with Okta
to understand how a model that supports this new way of work
impacts the environment. The projected reduction in emissions per
person resulting from Okta’s Dynamic Work model is significant, and
provides an example for how other companies might examine their
workplace emissions in the future. We look forward to partnering
with Okta to measure the actual impacts resulting from the full
roll out of Dynamic Work, which we anticipate will further inform
emissions measurement and workplace strategies through the lens of
sustainable performance”.
The launch of the Dynamic Work GHG Emissions Study follows Okta
achieving 100 percent renewable electricity this year for its
global offices, including coworking spaces, and global employee
work-from-home electricity consumption. This critical milestone was
reached by purchasing renewable energy certificates (RECs)
equivalent to 100 percent of its global office and work-from-home
employees’ electricity consumption, and a commitment to energy
efficiency with both LEED Silver and WELL Silver certified Okta
offices. The majority of the RECs Okta purchased were from the
California Bright Schools solar program, which helps to realize the
most cost-effective energy-saving opportunities, supports renewable
energy education and the installation of solar on schools across
the state.
To build on these milestones and to further maximize benefits to
society, the environment, and all of its stakeholders, Okta has
committed to:
- Providing employees with a guide for bringing sustainability
into their work environments, wherever they are based
- Integrating climate into enterprise-wide risk management
process, as per the Task Force on Climate Related Financial
Disclosures
- “Listening and learning” tour with climate and environmental
justice organizations to inform the company’s climate strategy
- Incorporating social equity and justice into climate work
through grantmaking, as seen with investments in GRID Alternatives
and the CLIMA Fund, as climate change disproportionately impacts
historically excluded communities, including communities of
color
To learn more about Okta’s sustainability strategy, please read
the latest update here. To read more about the methodology behind
the Dynamic Work Greenhouse Gas (GHG) Emissions Study, please visit
the Okta blog here.
About Okta
Okta is the leading independent identity provider. The Okta
Identity Cloud enables organizations to securely connect the right
people to the right technologies at the right time. With more than
7,000 pre-built integrations to applications and infrastructure
providers, Okta provides simple and secure access to people and
organizations everywhere, giving them the confidence to reach their
full potential. More than 13,050 organizations, including JetBlue,
Nordstrom, Siemens, Slack, Takeda, Teach for America, and Twilio,
trust Okta to help protect the identities of their workforces and
customers.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210928005192/en/
Laura Szatkowski 248-561-3463
Okta (NASDAQ:OKTA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Okta (NASDAQ:OKTA)
Historical Stock Chart
From Sep 2023 to Sep 2024