Intuit is committed to reaching net-zero greenhouse gas (GHG) emissions across its value chain by FY2040, which is in line with the Paris Agreement of limiting global warming to 1.5 degrees Celsius and achieving net-zero global emissions before 2050.
As part of this commitment, Intuit’s science-based near-term and long-term emissions reduction targets have been validated and approved by the Science Based Targets initiative (SBTi), a global body that enables businesses to set ambitious emissions reductions targets in line with the latest climate science. Intuit is committed to achieving these targets by prioritizing direct emissions reductions, or decarbonization, across our value chain. Any residual emissions will be neutralized, if applicable, in line with SBTi criteria before reaching net-zero emissions.
Our science-based targets include near-term targets of reducing absolute Scopes 1 and 2 GHG emissions by 42% by FY2030, from a FY2022 base year. We also commit that 80% of our suppliers, measured by emissions covering purchased goods and services, will have science-based targets by FY2027.
Our commitment also includes long-term targets which commits to reducing absolute Scopes 1 and 2 GHG emissions by 90% by FY2040, from a FY2022 base year. Additionally, Intuit has also committed to reduce Scope 3 GHG emissions by 97% per million USD value added (gross profit) by FY2040 from a FY2022 base year.
Carbon reduction projects across our global real estate portfolio are a key component of our net-zero strategy to address emissions. This includes investing in the decarbonization of our facilities and fleet vehicles, as well as expanding procurement of renewable energy across our campuses. To address and reduce Scope 3 emissions, we're working collaboratively with our suppliers. This year, Intuit launched the Supplier Emissions Reduction Program to influence suppliers to take climate action and provide them with the tools to get started, as well as to recognize suppliers that are advanced in their commitment to sustainability.
Our net-zero commitment is a huge step forward for Intuit, and we’re laying the groundwork to meet our goals across our Scope 1, 2, and 3 emissions. We'll continue to provide updates on progress towards our corporate sustainability goals.
