Science Based Targets initiative approves
HubSpot’s emissions reduction targets focused on energy efficiency,
hybrid work, and supplier engagement
HubSpot, the customer platform for scaling businesses, is taking
urgent climate action, and proudly announces that its near and
long-term science-based emissions reduction targets (SBTs) have
been approved by the Science Based Targets Initiative
(SBTi). As part of the validation, HubSpot has committed to
reaching net-zero greenhouse gas emissions across its value chain
by 2040.
With SBTi’s validation, HubSpot, recently named one of America’s
Greenest Companies by Newsweek, joins just over 400 companies
that have boldly committed to reaching net-zero on or before
2040.
“Having our targets validated by the Science Based Targets
initiative is an important milestone on our climate journey, and
one step towards a net-zero carbon future,” said Yogesh Chauhan,
Director of ESG at HubSpot. “The climate crisis requires collective
action and bold solutions, and we’re committed to working with our
customers, partners, and the wider tech industry to build a
brighter future for generations to come.”
HubSpot’s validated SBTs, aligned with our commitment to
reaching net-zero carbon by 2040, are:
Near-Term Targets
- Reduce absolute scope 1 and 2 greenhouse gas emissions by 47%
by 2030 from a 2019 base year.
- Reduce scope 3 greenhouse gas emissions from business travel
55% per employee by 2030 from a 2019 base year.
- Ensure that 70% of our suppliers, by spend covering purchased
goods and services and capital goods, will have science-based
targets by 2027.
Long-Term Target
- Reduce absolute scope 1, 2 and 3 greenhouse gas emissions 90%
by 2040 from a 2019 base year.
To amplify impact, HubSpot’s commitment extends beyond its own
operations to its relationship with employees, customers, partners,
and communities. HubSpot’s commitment to net-zero carbon
involves three key areas:
- Making our buildings sustainable. HubSpot is taking
concrete steps to align its facilities with the goals of the Paris
Agreement, including switching to renewable energy, optimizing
office space, installing energy-efficient technologies, and
introducing sustainability criteria in new building leases. In
Dublin, solar panels on the roof of HubSpot House produce 16,000
kWh annually and generate a considerable amount of green
electricity, even on a rainy day.
- Providing resources for employees to reduce their carbon
footprint. Employees play a vital role in reaching
sustainability goals and HubSpot is dedicated to striking a balance
between fostering connectivity across its hybrid workforce and
minimizing people’s carbon footprint. Launched earlier this year,
HubSpot’s internal Carbon Calculator quiz is aimed at making hybrid
work more sustainable and helps employees understand and address
their carbon footprint. After reviewing her quiz results,
HubSpotter Cameron Bruns Ewing made a pledge to be more energy
efficient by turning off her laptop and monitor at the end of each
day and reducing the number of screens she uses. Having the results
of her quiz gave Cameron an opportunity to think critically about
her workflow and how she could reduce emissions, even in a small
way.
- Working with our suppliers to achieve a low-carbon
economy. To increase impact beyond its own operations, HubSpot
works with suppliers who have like-minded sustainability goals and
encourages them to set science-based targets while working with
customers and partners on their own sustainability journeys.
Kristin Hostetter, Head of Sustainability, Outside Interactive,
said, “At Outside, sustainability is at the forefront of our
mission and we are committed to reducing our carbon footprint. To
get there, we focus on addressing the carbon intensity of our
business and working closely with our vendors and partners to bring
more renewable energy into our supply chain. As a HubSpot customer,
it’s been invaluable to learn about HubSpot’s path to net-zero as
we pursue our own decarbonization journey.”
The next decade is critical in addressing the impact of climate
change, and HubSpot can’t tackle it alone. HubSpot is dedicated to
following the latest climate science, partnering with companies
that share its goals, and openly sharing learnings along the way.
HubSpot hopes to inspire others to set their own climate targets in
the path towards a net-zero future together.
Learn more about HubSpot’s efforts to invest in climate action
and build a company future generations would be proud of in the
company’s 2023 Sustainability Report.
About HubSpot
HubSpot (NYSE: HUBS) is the customer platform that helps your
business grow better. HubSpot delivers seamless connection for
customer-facing teams with a unified platform that includes
AI-powered engagement hubs, a Smart CRM, and a connected ecosystem
with over 1,500 App Marketplace integrations, a community network,
and educational content from HubSpot Academy. Today, over 184,000
customers, like DoorDash, Reddit, Eventbrite, and Tumblr, across
more than 120 countries use HubSpot to attract, engage, and delight
customers. Learn more at www.hubspot.com.
HubSpot has been recognized for its award-winning culture by
Glassdoor, Great Place to Work, Comparably, Fortune, Entrepreneur,
Inc., and more. HubSpot was founded in 2006 and is headquartered in
Cambridge, Massachusetts. The company’s thousands of employees work
across the globe in HubSpot offices and remotely.
About SBTi
The Science Based Targets initiative (SBTi) is a partnership
between CDP, the United Nations Global Compact, World Resources
Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi
defines and promotes best practice in emissions reductions and
net-zero targets in line with climate science. It provides
technical assistance and expert resources to companies who set
science-based targets and brings together a team of experts to
provide companies with independent assessment and validation of
targets.
Cautionary Language Concerning Forward-Looking
Statements
This press release includes certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding our climate strategy and
goal to reach net-zero carbon, our goal to reduce our carbon
emissions, our employee recruiting and retention plans (including
with respect to our Connect4 initiative), our plans to build a
global end-to-end procure-to-pay process, our plans and goals with
respect to data transparency and control tools, and other
statements regarding our ESG goals, commitments, strategies,
results, and related business and stakeholder impacts. These
forward-looking statements include, but are not limited to, plans,
objectives, expectations and intentions and other statements
contained in this report that are not historical facts and
statements identified by words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “seeks,” “estimates,” “will,”
“goal,” “target,” “aim,” or words of similar meaning. These
forward-looking statements reflect our current views about our
plans, intentions, expectations, strategies and prospects, which
are based on the information currently available to us and on
assumptions we have made. Although we believe that our plans,
intentions, expectations, strategies and prospects as reflected in
or suggested by those forward-looking statements are reasonable, we
can give no assurance that the plans, intentions, expectations or
strategies will be attained or achieved. Furthermore, actual
results may differ materially from those described in the
forward-looking statements and will be affected by a variety of
risks and factors that are beyond our control, including the risks
set forth under the caption “Risk Factors” in our filings with the
Securities and Exchange Commission (SEC), including our Annual
Report on Form 10-K for the year ended December 31, 2022, our
Quarterly Report on Form 10-Q for the quarter ended March 31, 2023,
and subsequent reports we file with the SEC. Any forward-looking
statements contained in this press release represent our views only
as of the date hereof and should not be relied upon as representing
our views as of any subsequent date. We assume no obligation to
update any forward-looking statements contained in this document as
a result of new information, future events or otherwise.
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