GlobalData offers a comprehensive analysis of SYNNEX, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on SYNNEX’s ESG performance. GlobalData’s company profile on SYNNEX 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.
SYNNEX, a technology solutions provider, has committed to achieving net-zero greenhouse gas (GHG) emissions in its global operations by 2045 in line with the Paris Agreement. SYNNEX's latest filings mentioned the keywords 'Emissions' and 'Carbon' most number of times in relation to 'Net Zero'.
SYNNEX is tracking emissions data, including gross global Scope 1 emissions of 14,254 metric tons CO2e and Scope 2 emissions of 38,914 metric tons CO2e (location-based) and 43,932 metric tons CO2e (market-based). The company's emissions categories are rounded to the nearest whole percentage, and approximately 25% of location-based and 26% of market-based Scope 2 emissions were estimated. The company utilizes the operational control approach as its organizational boundary to consolidate emissions.
The company has worked with partner organizations to repurpose furniture following office refurbishments, diverting waste from landfills and avoiding the emission of approximately 18,000 kilograms of carbon in virgin materials, harvesting, and manufacturing. SYNNEX's mobile device trade-in program has diverted approximately 350,000 mobile handsets from landfills by either reusing or recycling them from reseller customers. The company has also outsourced downstream logistics and related services to a global partner to adopt a circular economy philosophy, minimize e-waste, and extend the product life cycle. The company has collaborated with Climate Partner, a specialist in assisting companies with carbon offsetting, to finance certified projects that bring positive and direct benefits to communities. In 2022, this collaboration led to the offsetting of 1,991 metric tons of CO2 equivalent (tCO2e). These offsets were certified by Climate Partner and supported two reputable projects: the establishment and functioning of Mauritius' inaugural large-scale solar facility (Verified Carbon Standard, VCS) and multiple photovoltaic plants in five distinct Indian states (Gold Standard, GS VER).
In conclusion, SYNNEX is committed to reducing its overall carbon impact and moving towards net-zero carbon. The company has taken steps to reduce its carbon footprint, including partnering with stakeholders to minimize waste, advancing the circular economy, and repurposing furniture. SYNNEX's greenhouse gas emissions for the year ended November 30, 2022, were calculated based on the World Resource Institute/World Business Council for Sustainable Development Greenhouse Gas Protocol, and the company utilizes the operational control approach as its organizational boundary to consolidate emissions.