C3 AI Pledges Net-Zero Emissions by 2050
C3.ai Inc
C3 AI is a company that provides Enterprise AI software applications, and it has announced its commitment to achieving net-zero greenhouse gas (GHG) emissions by 2050.
This goal covers all three scopes of emissions, which include scope 1 (direct emissions from owned or controlled sources), scope 2 (indirect emissions from the generation of purchased electricity, heat, or steam), and scope 3 (all other indirect emissions that occur in the value chain of the company).
C3 AI has set short-term goals to cut GHG emissions until it reaches its net-zero goal in 2050. The company has promised to cut its scope 1 and 2 emissions by 50% by 2030, compared to its baseline year of 2022. Also, it wants to cut its scope 3 emissions by 25% by 2035, compared to its base year of 2022. These interim targets will be validated by the Science Based Targets initiative (SBTi) to ensure they are aligned to limit global temperature rise to 1.5 degrees Celsius.
“C3 AI was founded to help organisations deal with the changing landscape of reducing carbon emissions across the globe,” said C3 AI CFO Juho Parkkinen. “We are excited to build on this experience, help customers measure and report their ESG metrics, and become the industry-leading sustainable technology company using our C3 AI ESG application.”
C3 AI believes it has a significant impact on the sustainability space through its C3 AI Sustainability Suite, which includes two AI-driven applications: C3 AI ESG and C3 AI Energy Management. The suite helps customers achieve environmental, social, and governance (ESG) goals. The use of these applications enables organisations to optimise their energy use and reduce their GHG emissions, contributing to their ESG objectives.
Source: C3 AI
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