New Relic Announces Commitment to Science-Based Targets
New Relic, a leader in intelligent observability, recently declared its ambitious goal of achieving net-zero greenhouse gas emissions by 2030. This commitment reflects a proactive approach in tackling climate change and aligns with the Science Based Targets initiative (SBTi), joining over 7,000 organizations dedicated to setting and meeting emissions reductions based on climate science.
Setting Science-Based Emission Targets
In a significant step towards sustainability, New Relic will reduce its absolute scope 1 GHG emissions by 42% by fiscal year 2030, with 2020 as the base year. Additionally, the company promises to utilize 100% renewable electricity through to fiscal year 2030 and reduce scope 3 GHG emissions from business travel by 51.7% per employee within the same timeframe.
Focus on Supply Chain Emissions
Recognizing the larger impact of its supply chain on the environment, New Relic aims to have 64.7% of its suppliers for purchased goods and services commit to approved science-based targets by 2029. This comprehensive strategy signifies New Relic's intent to influence partners and stakeholders to join in this critical effort.
Leading the Industry towards Sustainable Practices
In the journey to decarbonization, New Relic has set itself apart as the only observability company with such a target. As stated by Chief Business and Operations Officer Thomas Lloyd, the initiative not only showcases New Relic's accountability but also encourages its customers and partners to align their sustainability efforts with theirs. This collaboration is seen as essential for technology providers across various sectors.
Reducing Cloud Operations Emissions
New Relic is intensifying its focus on reducing emissions from cloud operations, which form a significant chunk of its carbon footprint. In a transformative move, New Relic migrated its workloads from on-premises data centers to Amazon Web Services (AWS). This migration is projected to yield a 37% reduction in carbon emissions and improve performance efficiency by 15-20% for the workloads involved.
Conclusion: A Commitment to a Sustainable Future
New Relic's pledge to achieve net-zero emissions serves as a beacon for the tech industry, demonstrating that companies can adopt sustainable practices while maintaining operational excellence. As organizations across the globe face the realities of climate change, New Relic stands at the forefront, advocating for comprehensive emission reduction and sustainable practices.
Frequently Asked Questions
What is New Relic's main environmental commitment?
New Relic has committed to achieving net-zero greenhouse gas emissions by the fiscal year 2030.
How does New Relic plan to reduce its emissions?
The company aims to reduce scope 1 GHG emissions by 42% and scope 3 emissions from business travel by 51.7% per employee by 2030.
What is the significance of the Science Based Targets initiative?
The SBTi enables companies to set emissions targets that are consistent with climate science, driving global action on climate change.
How is New Relic addressing its supply chain emissions?
New Relic will ensure that 64.7% of its suppliers have committed to approved science-based targets by 2029.
What technology changes has New Relic implemented to aid emissions reduction?
New Relic migrated its workloads to AWS, leading to a significant reduction in carbon emissions and improved operational efficiency.
