Science Based Targets initiative approves HubSpot’s emissions reduction targets focused on energy efficiency, hybrid work, and supplier engagement
HubSpot, the customer platform for scaling businesses, is taking urgent climate action, and proudly announces that its near and long-term science-based emissions reduction targets (SBTs) have been approved by the Science Based Targets Initiative (SBTi). As part of the validation, HubSpot has committed to reaching net-zero greenhouse gas emissions across its value chain by 2040.
“The climate crisis requires collective action and bold solutions, and we’re committed to working with our customers, partners, and the wider tech industry to build a brighter future for generations to come.”
With SBTi’s validation, HubSpot, recently named one of America’s Greenest Companies by Newsweek, joins just over 400 companies that have boldly committed to reaching net-zero on or before 2040.
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“Having our targets validated by the Science Based Targets initiative is an important milestone on our climate journey, and one step towards a net-zero carbon future,” said Yogesh Chauhan, Director of ESG at HubSpot. “The climate crisis requires collective action and bold solutions, and we’re committed to working with our customers, partners, and the wider tech industry to build a brighter future for generations to come.”
HubSpot’s validated SBTs, aligned with our commitment to reaching net-zero carbon by 2040, are:
Near-Term Targets
- Reduce absolute scope 1 and 2 greenhouse gas emissions by 47% by 2030 from a 2019 base year.
- Reduce scope 3 greenhouse gas emissions from business travel 55% per employee by 2030 from a 2019 base year.
- Ensure that 70% of our suppliers, by spend covering purchased goods and services and capital goods, will have science-based targets by 2027.
Long-Term Target
- Reduce absolute scope 1, 2 and 3 greenhouse gas emissions 90% by 2040 from a 2019 base year.
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To amplify impact, HubSpot’s commitment extends beyond its own operations to its relationship with employees, customers, partners, and communities. HubSpot’s commitment to net-zero carbon involves three key areas:
- Making our buildings sustainable. HubSpot is taking concrete steps to align its facilities with the goals of the Paris Agreement, including switching to renewable energy, optimizing office space, installing energy-efficient technologies, and introducing sustainability criteria in new building leases. In Dublin, solar panels on the roof of HubSpot House produce 16,000 kWh annually and generate a considerable amount of green electricity, even on a rainy day.
- Providing resources for employees to reduce their carbon footprint. Employees play a vital role in reaching sustainability goals and HubSpot is dedicated to striking a balance between fostering connectivity across its hybrid workforce and minimizing people’s carbon footprint.Launched earlier this year, HubSpot’s internal Carbon Calculator quiz is aimed at making hybrid work more sustainable and helps employees understand and address their carbon footprint. After reviewing her quiz results, HubSpotter Cameron Bruns Ewing made a pledge to be more energy efficient by turning off her laptop and monitor at the end of each day and reducing the number of screens she uses. Having the results of her quiz gave Cameron an opportunity to think critically about her workflow and how she could reduce emissions, even in a small way.
- Working with our suppliers to achieve a low-carbon economy. To increase impact beyond its own operations, HubSpot works with suppliers who have like-minded sustainability goals and encourages them to set science-based targets while working with customers and partners on their own sustainability journeys.
Kristin Hostetter, Head of Sustainability, Outside Interactive, said, “At Outside, sustainability is at the forefront of our mission and we are committed to reducing our carbon footprint. To get there, we focus on addressing the carbon intensity of our business and working closely with our vendors and partners to bring more renewable energy into our supply chain. As a HubSpot customer, it’s been invaluable to learn about HubSpot’s path to net-zero as we pursue our own decarbonization journey.”
The next decade is critical in addressing the impact of climate change, and HubSpot can’t tackle it alone. HubSpot is dedicated to following the latest climate science, partnering with companies that share its goals, and openly sharing learnings along the way. HubSpot hopes to inspire others to set their own climate targets in the path towards a net-zero future together.
