In 2018, Kindred set an ambitious target to purchase 100% renewable electricity by 2023 where we can. We’re now taking it one step further, and aligning our energy targets with the Paris Agreement’s ambitious goal of limiting temperature rise to below 2ºC and pursue efforts of limiting it further to below 1.5 ºC.
As a company operating solely online, our climate impact mainly comes from energy usage and business travel. While our operations continue to grow, we are committed to promoting sound greenhouse gas (GHG) reduction practices and environmental awareness in our business. We know that businesses have an important role to play in fighting climate change and we are committed to doing our bit for the planet.
That is why we have now aligned our energy targets to the Paris Agreement’s ambitious goal of limiting global temperature rise to below 2ºC above pre-industrial levels and pursue efforts to limit it further to 1.5ºC. Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered science-based if they are in line with what the latest climate science says is necessary to meet the goals of the Paris Agreement.
We report on our emissions annually using a third party, to be compliant with the Greenhouse Gas Protocol Corporate Standard. We disclose our environmental impact in our annual Sustainability Report and through the Carbon Disclosure Project. To play our part in limiting global warming, we are now taking it one step further and have set Science-Based Targets for our emissions. The targets have been developed with support from external experts, and they are aligned to the guidelines published by the Science-Based Target Initiative (SBTi).
Our science-based carbon-reduction targets focus on cutting carbon emissions across our data centres, offices and business travel activities. They are also linked to our 2023 ambition: By 2023, we are committed to procuring 100 per cent of our electricity from renewable sources of energy where we can.
By 2023, we aim to reduce 85% of absolute scope 1 and 2 emissions (market-based) from a 2018 base year, by purchasing certificates of origin. We also aim to reduce 30% of our business travels by 2023, also from a 2018 base year. We consider these to be science-based targets in line with IPCC 1.5ºC and IPCC 2ºC ambition levels.