Global warming poses threat to life on earth in danger, risking fresh water, food, and energy supplies. Carbon dioxide (CO2), methane (CH4), and nitrogen oxides (NOx) are GHGs which are the primary cause of global warming.
The technology and communication industry accounts for approximately 2% to 3% of worldwide greenhouse gas emissions. GHG emissions are produced by industry operations such as energy consumption, product manufacture, and product use. Digital technology, according to the International Telecommunication Union, has the potential to reduce world carbon emissions by roughly 17%. Technology companies can help other industries improve their operational efficiency, cutting GHG emissions.
Cognizant Technology Solutions Corp (Cognizant) is a provider of information technology (IT), consulting and business process outsourcing (BPO) services. In 2021, the technology company reported total GHG emissions of around 1.4 million tonnes CO2 equivalents (MtCO2eq).
Scope 1, 2, and 3 emissions are the three categories of GHG emissions. Scope 1 emissions result from sources that the firm owns or controls, such as fuel burnt by the company's vehicles. Indirect GHG emissions from the generation of purchased energy, such as the electricity needed to power the company's facilities, are referred to as Scope 2. Scope 3 emissions refer to the company's other indirect emissions beyond the company’s direct operations and occur in the company’s value chain. In 2021, the company has included other categories in reporting its Scope 3 emissions, such as purchased goods and services, waste generated in operations, upstream leased assets, capital goods, upstream transportation and distribution.
Scope 3 emissions account for most of Cognizant’s overall GHG emissions, accounting for 94.2% of total GHG emissions (1.3 MtCO2eq) in 2021. In 2021, the company's Scope 1 emissions increased by 1%, whereas Scope 2 emissions fell by 38%.
Cognizant has set a target of sourcing 100% renewable energy for all their global offices and facilities by 2026.
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