GlobalData offers a comprehensive analysis of Schrodinger, 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 Schrodinger‘s ESG performance. GlobalData’s company profile on Schrodinger 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.
Schrodinger, a software company that provides computational chemistry solutions, is committed to reduce its carbon emissions. While the company is still evaluating its operational environmental footprint, it plans to report on its total energy consumption, percentage grid electricity, and percentage renewable energy in the future. Schrodinger has shifted a significant portion of its computational chemistry to the cloud, which has enabled the company to operate more efficiently and potentially reduce its carbon footprint.
The company's office is expected to emit 55% less carbon than the industry average while serving as a comfortable and collaborative space for its team. Schrodinger has designed its 109,000-square-foot space with construction practices and aesthetic solutions that mitigate embodied carbon, which encompasses the emissions related to manufacturing, installation, and other processes tied to building materials. Schrodinger’s latest filings mentioned the keywords ‘Emissions’ and ‘Recycling’ most number of times in relation to ‘Climate Change’.
Schrodinger has been undertaking various steps to reduce its carbon emissions significantly. The company is collaborating with Eonix LLC to reduce the time and cost required to evaluate new materials and discover high-performing, commercially viable molecules for next-generation energy storage, for everything from phones and electric vehicles to entire energy grids. Through its platform, Schrodinger is enabling expanded modes of materials recycling, developing high-performance materials derived from sustainable sources, reducing energy consumed and waste produced in various industrial processes, and increasing the performance of rechargeable batteries and how they store energy. Additionally, the company is helping industry and academic partners to identify and develop materials designed to have a longer application-specific service life or be more recyclable.
Schrodinger is helping clients in developing organic light-emitting diode (OLED) displays that consumes lesser energy, compared to traditional backlit filter displays. Similarly, in the aerospace industry, Schrodinger's simulation technology is enabling the aircraft manufacturers to develop new and light-weight compposites, which results in lower carbon emission and reduction in waste generation.
In conclusion, to mitigate its carbon emissions, Schrodinger has been implemeting several measures, including migrating a substantial portion of its computational chemistry operations to the cloud, implementing office space designs, and focusing on the development of commercially viable, high-performing molecules for next-generation energy storage.