Our Net-Zero Commitment
Intuit is committed to reaching net-zero greenhouse gas (GHG) emissions across its value chain by FY2040, which is in line with the Paris Agreement of limiting global warming to 1.5 degrees Celsius and achieving net-zero global emissions before 2050.
As part of this commitment, Intuit’s science-based near-term and long-term emissions reduction targets have been validated and approved by the Science Based Targets initiative (SBTi), a global body that enables businesses to set ambitious emissions reductions targets in line with the latest climate science. Intuit is committed to achieving these targets by prioritizing direct emissions reductions, or decarbonization, across our value chain. Any residual emissions will be neutralized, if applicable, in line with SBTi criteria before reaching net-zero emissions.
Our science-based targets include near-term targets of reducing absolute Scopes 1 and 2 GHG emissions by 42% by FY2030, from a FY2022 base year. We also commit that 80% of our suppliers, measured by emissions covering purchased goods and services, will have science-based targets by FY2027.
Our commitment also includes long-term targets which commits to reducing absolute Scopes 1 and 2 GHG emissions by 90% by FY2040, from a FY2022 base year. Additionally, Intuit has also committed to reduce Scope 3 GHG emissions by 97% per million USD value added (gross profit) by FY2040 from a FY2022 base year.
Why We've Set Net-Zero Targets
Climate action is a core part of Intuit’s corporate strategy as demonstrated by our multi-decade commitment to reducing our operational and value chain emissions. By setting science-based near-term and long-term targets, we’re moving towards a net-zero future and recognize the need for rapid and deep global emissions reductions.