EQUIFAX REALIZES that continued emission of greenhouse gases can cause greater global warming that could lead to significant economic and social consequences. The company has announced a commitment to reach net-zero greenhouse gas emissions by 2040.
To support this commitment, Equifax is disclosing its greenhouse gas emissions baseline data and a framework for a decarbonization strategy to address its global operational footprint, including the company’s supplier value chain.
“Adhering to strong environmental sustainability practices is critical to building long-term innovation and value for consumers, our customers and our shareholders,” said Mark W. Begor, CEO of Equifax.
The net-zero goal is part of Equifax’s larger commitment to environmental, social and governance (ESG)
issues, as announced recently in its enhanced ESG disclosures on Equifax.com. Through the disclosures, the company is holding itself accountable in accordance with the Sustainability Accounting Standards Board (SASB) framework. Disclosures include sustainability efforts as well as Equifax posting its Equal Employment Opportunity report annually.
“With the expansion of our ESG disclosures,” Begor said, “we are further committing to ongoing transparency and holding ourselves accountable to advancing our ESG priorities across our day-to-day operations.”
The move to the Equifax Cloud is expected to propel the company on its journey to net-zero by significantly reducing the footprint of on-site technology and data centers and leveraging the enhanced energy efficiency of its cloud service providers.
“Equifax understands the power of data, analytics and technology in addressing the most pressing issues facing the world around us,” noted Bryson Koehler, chief technology officer at Equifax. “Our Equifax Cloud transformation furthers the company’s sustainability goals, with migration of physical data centers to the cloud expected to significantly reduce our Scope 1 and Scope 2 emissions. To help achieve this, Equifax makes a concerted effort to partner with cloud providers that have efficient, low-carbon strategies and share our goals of reducing emissions. Our Equifax Cloud transformation is a great example of the alignment between our business strategy and our ESG priorities.”
Best-selling author Benard Marr said in a recent Forbes article that all responsible businesses have a role to play in tackling climate change. “In tech, this often centers on reducing the energy usage associated with increasingly powerful computing engines, larger digital storage requirements, and the energy costs of providing 24/7 “always-on” infrastructure services to customers,” Marr said. “Most of the tech giants will spend 2022 implementing measures and innovations aimed at helping them achieve their net-zero carbon aspirations.”
To view Equifax’s enhanced ESG disclosures, click here.