GlobalData offers a comprehensive analysis of Jabil, 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 Jabil‘s ESG performance. GlobalData’s company profile on Jabil 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.
Jabil, a global manufacturing services company, is committed to reducing its GHG emissions as part of its sustainability efforts. The company aims to achieve a 25% reduction in operational Greenhouse Gas (GHG) emissions by 2025 and 50% reduction by 2030. The company has set a target for carbon neutrality by 2045. In 2022, the company achieved a 23% reduction in its greenhouse gas (GHG) emissions compared to the 2019 baseline and managed to avoid approximately 1.17 million metric tons of CO2 through the utilization of renewable energy sources. The company also achieved an 18% reduction in water acquisition in regions characterized by high water stress. Jabil reported total GHG emissions in Scope 1,2, and 3 for location-based & market-based of 1,840,808 and 664,068 mtCO2e respectively. The Scope 3 emission in value chain with new categories for 2022 amounted to 156,741 mtCO2e.
The company has enhanced its data management system to track energy usage at various levels and has implemented energy-efficient practices and renewable energy sources to achieve significant decarbonization. To reduce its GHG emissions, Jabil follows a three-pronged approach: reduce, procure, and innovate. The company aims to reduce site energy usage through strategic investments in energy efficiency, peer auditing, and best practice sharing. It also procures green energy through guarantees of origin, renewable energy credits, power purchase agreements, and virtual power purchase agreements. Additionally, Jabil focuses on innovative solutions that enable the production of green and sustainable products, such as clean transportation, renewable energy infrastructure, and sustainable packaging.
Jabil acknowledges the physical risks associated with natural disasters and climate change and is committed to managing these risks. The company plans to allocate a significant portion of its net proceeds to expenditures related to sustainability pillars, including innovative solutions and operational improvements to reduce greenhouse gas emissions.
In conclusion, Jabil is actively working towards reducing its GHG emissions. The company has implemented measures to track and reduce energy usage, procure green energy, and develop innovative solutions for sustainable products. By aligning with the recommendations of the scientific community, Jabil aims to contribute to global efforts to limit global warming and mitigate climate change risks.