GlobalData offers a comprehensive analysis of Jack Henry & Associates, 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 Jack Henry & Associates’ ESG performance. GlobalData’s company profile on Jack Henry & Associates 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.
Jack Henry & Associates, a financial technology solutions provider, has committed to reducing its greenhouse gas (GHG) emissions and transitioning to a low-carbon economy. Jack Henry & Associates' latest filings mentioned the keywords 'Emissions' and 'Carbon' most number of times in relation to 'Climate Change'.
The company has developed a low-carbon transition plan to mitigate its carbon emissions and pursue a low-carbon future. Jack Henry & Associates has set GHG reduction targets aligned with the Paris Climate Agreement's goal of limiting global warming to 1.5°C above pre-industrial levels by the end of the century. According to 2022 ESG report, total GHG Emissions reported was 31,323.34 MTCO2e. GHG emissions reported by pollutant in 2022 are as follows: CO2- 31,121.71, CH4- 72.59, N2O- 129.05 MTCO2e. The company's overall GHG emissions reduced by 11.07% from fiscal year 2019 baseline. The company has committed to pursuing Science-Based Targets initiative (SBTi) validation for near-term GHG emissions reduction targets.
In fiscal year 2022, Jack Henry & Associates' total Scope 1 GHG emissions increased slightly from fiscal year 2021 levels, while its Scope 2 GHG emissions decreased due to the greening of the electricity grids serving its facilities. The company has reduced space by 184,180 square feet through facility consolidations and closures, resulting in about 3% less emissions from real estate in fiscal year 2022. Jack Henry & Associates is assessing scalable, clean energy solutions that can meet current and future load demands and has developed a long-term co-location and cloud computing strategy that will serve its clients' needs and result in reduced Scope 2 emissions over time.
Jack Henry & Associates uses an e-waste management vendor that follows the Responsible Recycling/Recycling Industry Operating Standards (R2/RIOS™), which represent the highest industry standards for worker health and safety, environmental protection, and data security. The company has installed electric vehicle (EV) charging stations at some of its facilities to encourage the adoption of EVs and plug-in hybrid electric vehicles (PHEVs) for its associates.
Jack Henry & Associates' GHG inventory uses the most up-to-date GHG emissions factor provided by the Environmental Protection Agency (EPA). The company monitors climate-related risks, including acute and chronic physical risks (e.g., floods, wildfires, extreme heat) and transition risks (e.g., GHG pricing and regulation, changing consumer expectations). Jack Henry & Associates has developed a low-carbon transition plan that includes five interconnected strategies that it can use to reduce its Scope 2 emissions. The company's sustainable aircraft and operations practices include noise abatement procedures to reduce noise exposure to airport tenants and surrounding communities and reduce fuel use and CO2 output.