GlobalData offers a comprehensive analysis of Pegasystems, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Pegasystems‘s ESG performance. GlobalData’s company profile on Pegasystems offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Smarter leaders trust GlobalData
Pegasystems, a global software company, is dedicated to reducing its carbon emissions and aims to achieve carbon neutrality. In line with this, the company plans to purchase offsets for its Scope 1 and 3 emissions, along with RECs for the Scope 2 emissions. Scope 1 emissions refer to on-site fossil fuel use, scope 2 emissions include purchased electricity, and scope 3 emissions encompass other indirect emissions. In 2022, the company’s emissions reported scope 1 was 43.8 MT CO2e, scope 2 was 3,363.0 MT CO2e and scope 3 were 32,454.3 MT CO2e.
According to the provided data, Pegasystems's total carbon footprint in 2021 was 30,760, which increased to 35,861 in 2022. The company acknowledges that the emission data is based on a hybrid methodology developed in consultation with its sustainability partner. Pegasystems has taken several steps to actively reduce its emissions and implemented measures such as conducting gap audits to check for leakages in ducting systems, converting to LED lights, optimizing internal lighting through daylight harvesting, and retrofitting or replacing old equipment with energy-efficient systems. Additionally, Pegasystems's Bangalore office is powered by 70% renewable energy, and its Cambridge HQ and Waltham office buildings have received Leadership in Energy and Environment Design (LEED) Gold certification for their green building design.
To further support its emission reduction goals, Pegasystems plans to purchase offsets for its scope 1 and scope 3 emissions and renewable energy certificates (RECs) for its scope 2 emissions. The company is also committed to setting science-based emissions reduction targets aligned with the decarbonization goals of the Paris Agreement.
Pegasystems not only focuses on reducing its own emissions but also helps its clients track and meet their emissions reduction goals through product innovation. For example, its Pega Cloud® auto-hibernation capability has helped avoid the generation of an estimated 118.49 metric tons of CO2 in 2022.
In conclusion, Pegasystems actively works to reduce carbon emissions and achieve long-term carbon neutrality. The company implements diverse measures to lessen its environmental impact, emphasizing transparency and reporting through initiatives such as the Carbon Disclosure Project (CDP). Through integrating sustainability into operations and products, Pegasystems seeks to mitigate climate risk and contribute to a more sustainable future.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.
