GlobalData offers a comprehensive analysis of ADOBE, 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 ADOBE‘s ESG performance. GlobalData’s company profile on ADOBE 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.
ADOBE, a leading software company, has demonstrated its dedication to sustainability and climate action by integrating it into both its products and operations. ADOBE's latest filings mentioned the keywords 'Emissions' and 'Renewable' most number of times in relation to 'Climate Change'.
The company's cloud-based solutions play a pivotal role in minimizing paper waste through the facilitation of the paper-to-digital transition. Additionally, ADOBE promotes digital collaboration, which not only curtails physical waste but also helps reduce emissions. The company has set specific goals related to scope 1, scope 2, and scope 3 emissions, which include reducing its carbon footprint and increasing its use of renewable energy. In 2022, the company's Scope 2 location-based & market-based emissions was 57,168 & 22,936 tonnes CO2e respectively. Scope 3 GHG emissions reported in 2022 was 463,438 tonnes CO2e. In terms of waste management, ADOBE has reported a waste diversion rate of 88%.
In terms of carbon emissions, ADOBE has reported a reduction in scope 1 and scope 2 emissions compared to the previous year. However, scope 3 emissions have increased, with the majority of emissions coming from purchased goods and services. To reduce emissions, ADOBE has invested in energy efficiency projects and has set a goal of powering 100% of its operations with renewable electricity by 2025. The company has also partnered with its cloud providers to develop refined reporting methodology to help customers understand the emissions associated with the delivery of ADOBE products and services.
ADOBE has taken steps to integrate environmental considerations into its strategic planning for data center needs and has set a goal of achieving 100% renewable electricity by 2035. The company has also declared new water and waste reduction commitments and has engaged with policymakers and external advocacy groups to support policy initiatives that foster a more sustainable society and help slow climate change.
Overall, ADOBE has made significant progress in reducing its carbon footprint and achieving its sustainability goals. The company's commitment related to scope 1, scope 2, and scope 3 emissions and its investments in renewable energy and energy efficiency projects demonstrate its dedication to mitigating the impacts of climate change.