ServiceNow is committed to science–GuruFocus.com

ServiceNow (NYSE: NOW), a leading digital workflow company dedicated to making work work better for people, today announced its global commitment to achieve net zero greenhouse gas (GHG) emissions by 2030 to further Realize the vision of “work flow + a + better”. +world”-a more sustainable, fairer, and more ethical.

ServiceNow previously set a goal of achieving net zero greenhouse gas emissions by 2050.After a third-party evaluation¹ Completed by Watershed in July 2021 and assessed the company’s entire corporate carbon footprint, ServiceNow determined that 93% of its carbon footprint came directly from emissions in its value chain (Scope 3). By setting science-based targets focused on internal emission reduction plans and supplier participation plans, ServiceNow has set a timetable 20 years ahead of the Paris Agreement and set an ambitious goal of achieving net zero greenhouse gas emissions by 2030 The goal. In the next few weeks, ServiceNow will submit its targets for approval to the Science Targets Program (SBTi), which aims to define and promote best practices for science-based target setting and to independently evaluate the company’s emission reduction targets .

With this science-based commitment, ServiceNow has joined the “Business+Ambition+for+1.5%26deg%3BC” global net-zero campaign initiated by SBTi, the United Nations Global Compact and the We+Mean+Business+ alliance, and the United Nations agencies, companies and organizations. Industry leaders collaborate to take ambitious climate action.

“As ServiceNow becomes 21^Yingshi ServiceNow Chief Financial Officer Gina Mastantuono said: “Over the centuries, we have been unswervingly committed to the goal of having a positive impact in the world.” “We are committed to making an impact and changing the world by achieving net zero greenhouse gas emissions twenty years ahead of schedule. The way it works-this is a critical step in the right direction.”

ServiceNow’s latest commitment to achieve net-zero greenhouse gas emissions builds on the commitments made in early 2021. ServiceNow will continue to report progress in its annual Global+Impact+ report.

ServiceNow will further commit to achieving its net zero goal across its entire value chain by 2030:

• Set ambitious targets in direct operations to reduce greenhouse gas emissions (Scope 1 and 2). This is consistent with the science-based goals advocated by SBTi and is considered necessary to achieve the Paris Agreement’s extended goal of limiting global warming to 1.5°C.
• Decarbonize the supply chain (Scope 3). ServiceNow will begin to cooperate with its suppliers and support its sustainability journey through a comprehensive supplier participation model, which will be launched next year. ServiceNow will embed a sustainability plan in its data center plan, such as supporting the data center operations team to become a certified data center sustainability expert (CDCSP)^®). Obtaining this certification ensures that ServiceNow operators understand the steps required to support the long-term sustainability of the company’s data center.
• In the initial cooperation with Everland, a combination method was used to finance high-quality carbon offsets (proven emission reductions). Everland represents the world’s largest portfolio of high-impact forest protection (REDD+) projects that protect wildlife and improve the well-being of forest communities, which are critical to addressing climate change and biodiversity crises. ServiceNow will support the Mai Ndombe REDD+ project, which protects 740,000 acres of important bonobo and forest elephant habitat in the Congo Basin.

As part of ServiceNow’s ongoing commitment to maintaining the planet, ServiceNow will donate US$1 million to non-profit organizations focused on tackling climate change and accelerating global decarbonization over the next two years.

extra information:

• ServiceNow Chief Financial Officer Gina Mastantuono shared more insights on her blog.

• Read our Global+Impact+Report+2021 to learn how ServiceNow is committed to making a positive impact on our planet and the communities we serve.

• ¹Infographic based on the assessment completed by Watershed in July 2021

Use of forward-looking statements

This press release contains “forward-looking statements” of expectations, beliefs, plans, intentions, and strategies related to ServiceNow’s global impact vision. Such forward-looking statements include statements regarding ServiceNow’s net zero greenhouse gas goal and other climate change and decarbonization efforts and commitments. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that may cause actual results to differ materially from those expected or implied by the forward-looking statements. If any such risks or uncertainties become reality, or any assumptions prove to be incorrect, our results may differ materially from the results expressed or implied by our forward-looking statements. We do not undertake and do not intend to update forward-looking statements. Factors that may cause actual results to differ materially from those in any forward-looking statement include, but are not limited to, changes in global economic and climatic conditions; changes in the environment and climate-related regulatory environment; and when implementing the goals and commitments announced here Unexpected delays, difficulties and costs. The documents we file with the US Securities and Exchange Commission from time to time contain more information about factors that may affect our financial and other results.

About current service:

ServiceNow (NYSE: NOW) is building a world of work to work better for people. Our cloud-based platform and solutions provide digital workflows to create excellent experiences and release productivity for employees and enterprises. For more information, please visit: www.servicenow.com.

© 2021 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now and other ServiceNow logos are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names and logos may be the trademarks of the respective companies with which they are associated.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20210920005209/en/