Sage Group PLC Sustainability and Society Strategy (9182C)
24 Giugno 2021 - 8:00AM
UK Regulatory
TIDMSGE
RNS Number : 9182C
Sage Group PLC
24 June 2021
24 June 2021
Sage announces Net Zero target as part of new Sustainability and
Society strategy
The Sage Group plc ("Sage" or the "Group") today pledges to
achieve net zero emissions by 2040, and to halve its carbon
emissions by 2030, as part of the Group's ambitious new
Sustainability and Society strategy, 'Knocking Down Barriers'.
Through this strategy Sage aims to tackle societal and economic
inequality, supporting a new generation of diverse and sustainable
businesses as well as playing its part in the race to net zero
carbon.
Sage's ambition is to be a leading sustainable business. The
Group has assessed its carbon footprint for its own activities and
for the energy it purchases (Scope 1 and 2 emissions), and across
its value chain (Scope 3 emissions), and has recently submitted its
commitment letter to the Science-Based Targets initiative (SBTi).
Sage has also signed up to the United Nations Global Compact
'Business Ambition for 1.5degC' and the United Nations Climate
Change 'Race to Zero'.
Science-Based Targets
Sage is targeting significant emission reductions, in line with
a pathway to limit global warming to 1.5degC, the most ambitious
goal of the Paris Agreement. Consistent with this, Sage will
provide detailed emission reduction plans to the SBTi for
verification, and intends to track and publicly update its progress
against these plans on a regular basis. As previously communicated
in its FY20 Annual Report, the Group will enhance its future
reporting in line with the recommendations of the Task Force on
Climate-related Financial Disclosures (TCFD).
Achieving Net Zero
Sage is targeting net zero emissions by 2040 across Scope 1, 2
and 3, with an interim target of halving emissions by 2030, from a
baseline of FY19. To achieve these targets, the Group will
implement emission reduction initiatives including transitioning to
renewable energy in all Sage offices, transitioning its car fleet
to electric vehicles, and engaging with suppliers to understand
better their emission reduction plans and benefit our respective
Net Zero journeys. The Group also aims to reduce air travel and
hotel stays, and will invest in certified projects to offset any
remaining hard-to-decarbonise emissions. Sage intends to publish
further information on its roadmap to Net Zero later this year.
Sustainability and Society strategy
'Knocking Down Barriers' is Sage's new sustainability and
society strategy, building on the success of Sage Foundation, which
was established five years ago as a way for Sage colleagues and
partners to give back to their communities. Under this new
strategy, Sage aims to tackle economic inequality by supporting
people from underrepresented communities around the world to start
or grow their own business. Initiatives include partnering with
social enterprise MyKindaFuture and JobCentrePlus to provide
mentoring and training support to disadvantaged people in the UK to
start their own businesses, and partnering with non-profit lending
platform Kiva to improve financial inclusion in communities that
find it hard to start or grow businesses.
Sage is also dedicating its technology, time and experience to
supporting digital equality and diversity, by providing 10,000
children in deprived areas in the North of Tyne Combined Authority
with access to STEM skills education, and through further
investment in its FutureMakers programme to give young people
access to Artificial Intelligence education and awareness.
For more information about Sage's 'Knocking Down Barriers'
strategy, please visit the Sustainability and Society section of
the Group's website:
www.sage.com/en-gb/company/sustainability-and-society.
Steve Hare, Chief Executive Officer, commented:
"Sage is committed to addressing the challenges faced by our
communities, society and the environment. Tackling the global
climate crisis requires bold action, and through our ambitious plan
to reduce carbon emissions and commit to Net Zero, Sage is
determined to play its part. Our ambition is to be a leading
sustainable business and to support our customers, partners and
suppliers to do the same. Through our new Sustainability and
Society strategy, we will use our technology, time and experience
to back and build a new generation of diverse, sustainable
businesses, driving meaningful and positive change."
Enquiries
The Sage Group plc +44 (0) 7900 046714
James Sandford, Investor Relations
Amy Lawson, Media
Finsbury Glover Hering +44 20 7251 3801
Conor McClafferty
Amanda Healy
About Sage
Sage (FTSE: SGE) is the global market leader for technology that
provides small and medium businesses with the visibility,
flexibility and efficiency to manage finances, operations and
people. With our partners, Sage is trusted by millions of customers
worldwide to deliver the best cloud technology and support. Our
years of experience mean that our colleagues and partners
understand how to serve our customers and communities through the
good, and more challenging times. We are here to help, with
practical advice, solutions, expertise and insight.
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