NetApp's New Sustainability Goals Confirmed by SBTi
NetApp® (NASDAQ: NTAP), the leader in intelligent data infrastructure, presents its newly validated science-based targets for emissions reduction as verified by the Science-Based Targets initiative (SBTi). These validated goals signify NetApp's strong dedication to integrating sustainability into its core business strategies and leading the technology sector in assisting customers with their energy efficiency objectives.
Understanding Science-Based Targets
The SBTi provides essential standards and tools that empower companies to set greenhouse gas (GHG) emissions reduction targets that align with global efforts. The aim is to keep global temperature rises below critical levels, ensuring sustainability for future generations. Currently, over 4,000 companies have adopted science-based targets, with commitments rising from nearly 3,000 additional companies to set similar standards.
NetApp's Commitment to Emission Reduction
NetApp has committed to an ambitious reduction of 50.8 percent in absolute scope 1 and 2 GHG emissions by FY2030, using FY2020 as a base. Furthermore, NetApp aims to decrease scope 3 GHG emissions per effective petabytes shipped by 51.6 percent by FY2030, based on a FY2023 starting point. The SBTi has assessed that NetApp's scope 1 and 2 targets are aligned with a trajectory that limits global warming to 1.5°C.
Improving on Previous Goals
These new targets build on the decarbonization frameworks NetApp previously established in 2022. The company is already making strides in this domain, as evidenced by a notable 37 percent reduction in scope 1 and 2 emissions from its 2020 benchmark, as detailed in NetApp's ESG Impact Report.
Customer Assurance and Sustainability Initiatives
Nicola Acutt, NetApp's Chief Sustainability Officer, expressed confidence that the validation of these decarbonization goals reassures customers. The implementation of a strategic data management approach will not only foster innovation but also contribute to a sustainable future. Every aspect of NetApp's operations aims to enhance sustainability, from product designs and materials to data management practices.
Supporting Customers in Their Sustainability Efforts
Besides its own emissions targets, NetApp is focused on facilitating its customers' energy efficiency goals. Users of NetApp BlueXP are equipped with tools to gain insights into their operational sustainability through a dedicated dashboard. This feature offers AIOps-enabled reporting, which provides actionable insights to help companies reduce costs and enhance their sustainability profiles.
NetApp's Resources for Sustainability
Visitors interested in learning more about NetApp's efforts in reducing GHG emissions can utilize the SBTi dashboard for comprehensive information. The dashboard delineates NetApp’s dedicated initiatives and commitments to sustainable practices.
About NetApp
NetApp is recognized as an intelligent data infrastructure company, merging unified data storage solutions, integrated data services, and CloudOps to navigate disruption into opportunities for all clients. The company champions a silo-free approach to infrastructure, leveraging AI to optimize data management practices. As a leader in enterprise-grade storage services embedded within major cloud platforms, NetApp ensures flexibility and resilience in data storage.
About the Science Based Targets initiative
The SBTi is at the forefront of global climate action, helping organizations set science-aligned emissions reduction targets to combat climate change effectively. They provide critical frameworks to ensure companies are contributing to the global effort of reaching net-zero emissions by mid-century.
Frequently Asked Questions
What are NetApp's new sustainability targets?
NetApp aims to reduce absolute scope 1 and 2 GHG emissions by 50.8% by FY2030 and scope 3 emissions by 51.6% per effective petabytes shipped.
How does the SBTi validate sustainability goals?
The SBTi validates a company's emissions reduction targets based on scientific criteria aligned with global temperature goals.
What progress has NetApp made towards its previous targets?
NetApp has achieved a 37% reduction in scope 1 and 2 emissions compared to its 2020 baseline.
How does NetApp assist customers in sustainability?
NetApp provides tools like the BlueXP sustainability dashboard to help customers monitor and improve their energy efficiency.
Why is sustainable practice important for companies?
Incorporating sustainable practice helps mitigate climate change effects, enhances brand reputation, and can lead to cost savings for companies.
