New Relic Sets Target for Net-Zero Emissions by 2030
New Relic, the all-in-one observability platform for every engineer, announced its goal to achieve net-zero greenhouse gas (GHG) emissions by 2030 and a commitment to set near-term science based GHG emissions targets.
New Relic’s GHG emissions targets will be submitted to the Science Based Target initiative (SBTi), joining the more than 2,200 companies worldwide that are leading the transition to a net-zero economy through emissions targets grounded in climate science.
With this announcement, New Relic is the first observability company to set net-zero emissions by 2030 goal and aims to inspire its peers in the industry to do their part in reducing global GHG emissions and building a resilient, zero-emissions economy. New Relic believes that by adhering to science-backed emissions targets, the business will be well-positioned for long-term growth and competitive differentiation in the market while doing its part to slow climate change and pave the path toward decarbonisation.
“We have spent the past three years transforming our product and business model. Establishing science-based climate goals is the right decision and next step as we continue to future-proof our business,” said New Relic CEO Bill Staples. “This also allows us to evolve alongside our global customers who are making similar strides toward a net-zero future and consider it a must-have when choosing their technology providers.”
By selecting 2030 as the target, New Relic is allowing for rigorous work around achieving and maintaining its goals through operational reductions and high-quality carbon removals. This target aligns with guidance from the Intergovernmental Panel on Climate Change (IPCC), which warned that global warming must not exceed 1.5 degrees Celsius above pre-industrial temperatures by 2040 to avoid the most catastrophic impacts of climate change.
Source: New Relic