Primary Climate Goal
Cognizant's target annual all Scopes emissions for 2030 should be equal to 0 Kt = 0% * 1,264 Kt, according to the company's stated climate goal.
In order to achieve this goal, Cognizant would need to reduce its emissions at least by -140 Kt per annum over the period from 2022 to 2030:
-140 Kt = ( 0 Kt - 1,264 Kt ) / (2030 - 2021)
This translates into a -11% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Cognizant aims to achieve net zero for all Scopes by 2030
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
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 (
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.