GlobalData offers a comprehensive analysis of IRESS, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on IRESS‘s ESG performance. GlobalData’s company profile on IRESS offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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IRESS, a leading software provider for financial services, has committed to climate action and has set a science-based aligned emission reduction target. The company aims to reduce its scope 1 and 2 emissions by 46.2% and scope 3 emissions by a minimum of 18.5% by 2030 from a 2019 baseline. IRESS has already taken steps to reduce its emissions, including transitioning to renewable electricity and leasing energy-efficient office spaces. IRESS's latest filings mentioned the keywords 'Emissions/Emission' and ‘Climate Change’ most number of times.
IRESS has disclosed its greenhouse gas emissions for its global operations for 2022, with scope 1, 2, and 3 at 20,117 (tCO2e) emissions. Scope 3 emissions during 2022 were registered at 19,012 (tCO2e). This is attributed to the changes in business operations during the COVID-19 pandemic. The company aims to improve its measurement of emissions and work with suppliers to reduce them over time.
IRESS plans to develop a detailed emission reduction strategy in 2023, establish a climate steering group, and integrate climate risk mitigation measures and emission reduction strategies into relevant company strategies. The company has also adopted the Task Force on Climate-related Financial Disclosures framework to improve the transparency of its reporting. Since 2019, overall scope 3 emissions have decreased 4%, this is largely attributed to changes in business operations due to the COVID‑19 pandemic.
In conclusion, IRESS is committed to achieving its emission reduction targets no later than 2030. In 2022, the company reviewed its e waste disposal in all markets of operation, confirming that suppliers servicing its Workplace Technology and Support and Reliability engineering teams had coverage across all e waste types. Currently, it has no e-waste program in France or Tunisia, it is currently assessing vendors to service this market.
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