Cognizant

IT Consulting & Other Services
CTSH
$ 61 1.5
Share price
$ 31 bn
Market Cap
$ 30 bn
Enterprise Value

Carbon footprint

2.4 Ton
GHG emissions per $ 1 mln investment
0.07x the weighted average for S&P 500
FY2021
How is this calculated?
-32%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -7% weighted average for S&P 500
FY2022
How is this calculated?

Cognizant aims to achieve net zero for all Scopes by 2030


This target has not been verified as science based according to SBTi
Cognizant's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Cognizant's GHG emissions (market-based) (Kt of CO2e)
Cognizant's Carbon intensity (Tons per 1 USDm)

Cognizant's carbon footprint

Cognizant reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 74 Kt (-35 /-32% y-o-y). At the same time, carbon intensity .

Cognizant's Scope 3 emissions grew to 1,191 Kt (+1,067/+859% y-o-y).

The company is committed to achieving net zero for all Scopes by 2030, which translates into the estimated reduction of -140 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Cognizant also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Cognizant Technology Solutions Corp commits to reduce absolute scope 1 and 2 GHG emissions 77% by 2030 from a 2019 base year. Cognizant Technology Solutions Corp also commits to reduce absolute scope 3 GHG emissions 47% within the same timeframe.

Company environmental metrics

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