GlobalData offers a comprehensive analysis of Oracle, 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 Oracle‘s ESG performance. GlobalData’s company profile on Oracle 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.

Oracle has set ambitious targets for net zero, aiming to achieve 100% renewable energy usage by 2025 and attain net-zero greenhouse gas (GHG) emissions across Scopes 1, 2, and 3 by 2050. The company targets to achieve Carbon Neutrality by 2025 and a 50% reduction in total global emissions by 2030. The company manages over 20 million square feet of real estate worldwide and utilizes Oracle IoT Cloud and Oracle Analytics Cloud to maximize energy efficiency and deliver data on dashboards. These efforts have resulted in millions of dollars in operational cost savings.

In pursuit of its 2025 goals, Oracle leads the way by targeting 100% renewable energy usage in Oracle Cloud and Operations. Extending its environmental commitment to key suppliers, 80% of whom have emission reduction targets, Oracle also pledges a 25% cut in employee air travel emissions and a 33% reduction in potable water consumption and waste to landfill per square foot. Furthermore, the company aims for a substantial 20% reduction in global CO2e emissions by 2030, employing smart logistics, circular supply chains, and intelligent manufacturing practices.

In notable accomplishments, Oracle has achieved 100% renewable energy utilization in 16 regions for its Cloud data centers. The company recorded a 22% increase in renewable energy use in 2021 compared to the previous year. Furthermore, in FY22, Oracle collected and responsibly managed 3 million pounds of retired hardware assets, with an impressive 99.9% being reused or recycled. Additionally, 88% of Oracle's key direct manufacturing suppliers, accounting for 80% or more of its spending, have established energy or carbon reduction goals.

Oracle's commitment to sustainability extends beyond its own operations. The company supports peak-time rebate programs deployed by BGE and ComEd, which use Opower's Behavioral Demand Response solution to increase customer awareness and participation. These programs have exceeded expectations and continue to improve over time. Oracle provides integrated management solutions for sustainability, including ERP, SCM, and EPM, which help organizations streamline procurement, drive supply chain efficiency, and meet ESG reporting standards.

Oracle Cloud Infrastructure (OCI) plays a crucial role in reducing carbon emissions. By moving to the cloud, customers no longer need to manage data center emissions, leading to a substantial reduction in their carbon footprint. Oracle delivers a comprehensive and sustainable solution, aligning with its renewable energy goal of reaching 100% by 2025 to support customers' objectives. The company also takes responsibility for the management of reusing and recycling retired IT assets, further contributing to a reduction in emissions from equipment and spare parts delivery—a decrease of 45% since 2015.

Oracle leads the way in sustainability with ambitious goals for 100% renewable energy usage by 2025 and net-zero greenhouse gas emissions by 2050. The company, with specific targets for emissions, water, and waste, has made significant progress in adopting renewable energy. Utilizing Oracle Cloud Infrastructure, it not only sets the standard in its operations but also aids customers in reducing their carbon footprint, actively contributing to a more sustainable future through comprehensive environmental stewardship.

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