o9 Solutions Submitted and Validated Science-Based Emissions Reduction Targets
o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, announced it has successfully submitted its science-based emission reduction targets, which have been validated by the Science Based Targets initiative (SBTi). Submitting, validating, and approving science-based targets are part of the Business Ambition for 1.5°C pledge that o9 has signed in 2021. The SBTi is a global body enabling businesses to set ambitious emissions reduction targets in line with the latest climate science.
In adherence to this pledge, o9 Solutions submitted two short-term and one long-term science-based targets in 2023, all validated by the SBTi. Specifically, the company has committed to reaching net-zero greenhouse gas emissions across the value chain by 2040 from a 2022 base year. As a near-term target, o9 commits to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030, measured against a 2022 baseline year. Furthermore, o9 commits to ensuring that by 2028, 90% of its suppliers by emissions, spanning purchased goods and services, will have adopted science-based targets, also benchmarked against a 2022 baseline. The long-term target the company has set is to reduce absolute scope 1 and 2 GHG emissions 90% by 2040 from a 2022 base year. o9 Solutions also commits to reducing absolute scope 3 GHG emissions by 90% within the same timeframe.
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Leveraging its proprietary Digital Brain platform, o9 will identify strategic enhancements within its value chain. Notably, o9 has initiated a comprehensive supplier engagement strategy, modifying the o9 code of conduct to resonate with these ambitious targets. Social impact is one of the company’s core values. o9 has multiple initiatives to support sustainable practices and give back to the community worldwide. To read more about o9’s ESG endeavors, please read its latest ESG report here.
Chakri Gottemukala, Co-founder and CEO of o9 Solutions, commented: “Setting and validating our science-based targets underscores o9’s unwavering commitment to a sustainable future. These targets drive our operational excellence and amplify our role in fostering environmental responsibility across the industry. By aligning with the Science Based Targets initiative, o9 joins the many other companies committed to working to a more sustainable world.”
