Terrascope Commits to Net-Zero by 2040

Published on:
by KnowESG
Image courtesy of https://about.fb.com/

Terrascope, a climate-tech company based in Singapore, announced that it has signed The Climate Pledge, co-founded by Amazon. As part of the pledge, Terrascope is committed to achieving net-zero carbon emissions by 2040.

The Climate Pledge, co-founded by Amazon and Global Optimism in 2019, has now garnered approximately 400 signatories. This pledge involves committing to reaching the goals of the Paris Agreement a decade in advance and achieving net-zero carbon emissions by 2040.

In June 2022, Terrascope unveiled its platform to the public. The platform's objective is to equip enterprises with the capability to decarbonise their business operations and supply chains.

Terrascope plans to employ its carbon measurement and management software-as-a-service (SaaS) platform to conduct a carbon baselining and target-setting process to achieve net-zero emissions.

The company's clientele comes from a range of sectors, including agriculture, food and beverage, manufacturing, luxury, transportation, real estate, and the public sector. Additionally, Terrascope is expanding its services to businesses across the globe in collaboration with Amazon Web Services (AWS), a cloud computing platform. Terrascope has teams situated across five countries, thus possessing a widespread international presence.

Terrascope intends to pinpoint the significant areas of influence within its material Scope 3 emissions, which are indirect supply chain emissions that frequently constitute a substantial proportion of a company's carbon footprint. Terrascope will then prioritise the most impactful measures to reduce emissions.

Terrascope's current efforts include renting 90% of its IT equipment from circular economy providers to minimise e-waste, prolong the lifespan of IT equipment, and ensure proper disposal of devices that are no longer useful or reconditionable.

Furthermore, Terrascope stresses the importance of only essential business travel and favours remote work and lower-carbon travel options.

Lia Nicholson, the Head of Sustainability at Terrascope, asserts that their software company concentrates on supporting other companies in rapidly and credibly progressing in their decarbonisation and net-zero endeavours. However, she notes that the Climate Pledge is aimed at Terrascope itself. Although the world must achieve net-zero emissions by 2050 to restrict global warming to 1.5°C, Terrascope, like others who aim to hasten the process and exceed the target, must do so. Therefore, Terrascope has set an ambitious goal of reaching net-zero carbon by 2040, a decade ahead of the global target.

Maya Hari, the CEO of Terrascope, declares that addressing climate change is an intrinsic aspect of their identity. By committing to The Climate Pledge at the beginning of their journey, they are raising the level of ambition, taking accountability for their growth, and integrating decarbonisation into their company's DNA. She also highlights the satisfaction of collaborating with AWS, a cloud service provider equally committed to sustainable practices, to help them securely and extensively innovate to create decarbonisation solutions for their enterprise customers worldwide.

Conor McNamara, the Managing Director of ASEAN at AWS, expresses his delight at Terrascope's decision to join The Climate Pledge and implement practical business modifications that will have a long-term impact on the planet. He also mentions Amazon's dedication to innovating and investing in a more sustainable future and emphasises its commitment to power its global operations with 100% renewable energy by 2025.

For more company-related news

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

Source: The Edge


Companies Headlines

Sub-Saharan Africa: Climate-Proofing Hydropower

Sub-Saharan Africa: Climate-Proofing Hydropower

Embracing Sustainability in Bay Area with Seek Bamboo

Embracing Sustainability in Bay Area with Seek Bamboo

Standard Chartered Commits to Reducing Methane Emissions

Neptune Recyclers: Leading the Way in Waste Management

Schindler Joins WBCSD to Drive Sustainability

DHL and E.ON Team Up to Electrify Logistics

Diageo Trials Paper Bottles for Baileys in Green Push

LEGO Incentivises Entire Workforce for Climate Action

Jollibee Group Teams Up with Sustainable Suppliers

LEVC and Axil Extend Partnership for Sustainable Future