Intuit Inc., the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, today announced its commitment to reach net-zero greenhouse gas (GHG) emissions across its value chain by FY2040. This target has been validated by the Science Based Targets initiative (SBTi), a global body that enables businesses to set ambitious emissions reduction targets in line with the latest climate science. The commitment is in line with the Paris Climate Accords, an international treaty on climate change to limit global warming to 1.5 degrees Celsius and to achieve net-zero global emissions before 2050.
Reaching net-zero GHG emissions is a core part of Intuit’s corporate responsibility strategy, as demonstrated by our multi-decade commitment to reducing GHG emissions in our operations and value chain. Climate science supports rapid and deep global emissions reductions, and by setting science-based targets, we’re doing our part to move toward a net-zero future.
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Intuit has also set science-based near-term and long-term emissions reduction targets, which have been validated by the SBTi. For more information on our near-term and long-term targets,
In line with SBTi criteria, Intuit is committed to achieving these targets by prioritizing emissions reduction across all of our business activities. This includes ongoing investments in renewable energy for our facilities and working with our suppliers to reduce their emissions. Any residual emissions are expected to be neutralized before we are able to reach net-zero emissions.
“By committing to reach net-zero GHG emissions by FY2040, we expect to significantly reduce our global emissions footprint ten years ahead of when climate scientists predict we must reach net-zero in order to prevent the worst impacts of climate change and to support the goal of the Paris Climate Accords,” said Debbie Lizt, Head of Global Sustainability at Intuit. “We have been setting ambitious climate action goals beyond net-zero for years and our net-zero target is just one of the testaments to our commitment to having a positive impact on climate change. We’re thrilled that the Science Based Targets initiative has validated our net-zero targets, and look forward to providing updates on our progress.”