Global warming is an issue that the whole world must face together. Industries, businesses, governments, and institutions are finding new ways and solutions to make the necessary efforts to reach one common goal that will aid in fighting climate change: Net-Zero.
Net-Zero refers to the balance between the amount of greenhouse gas produced and the amount removed from the atmosphere. We reach net zero when the amount we add is no more than the amount taken away.
During this journey, carbon neutrality is non-negotiable. To become carbon neutral means businesses are “taking steps to remove the equivalent amount of CO2 to what’s emitted through activities across their supply chains, by investing in ‘carbon sinks‘ that absorb CO2″.
Part of Globant’s mission is to make the world a better place and that’s why it’s one of our goals to continue reducing our carbon footprint through science-based targets as a result of joining the global movement of leading companies to tackle climate change.
Through our Be Kind to the Planet initiative, one of Globant’s Be Kind pillars, we continuously launch multiple efforts to make our organization a net-zero company and have carbon-free operations in our 51 offices in 21 countries, Latin America, the United States, Europe, and India.
Our commitment is towards the most ambitious aim of the Paris Agreement: limiting global temperature rise to 1.5°C above pre-industrial levels and reaching net zero by 2050. With this commitment in mind, we focus our efforts on three actions:
- Measuring our impact: We have measured our corporate Carbon Footprint to improve our performance since 2011. We are constantly looking for new ways to challenge ourselves to become a Net-Zero emissions company. We know that our direct Greenhouse Gases (GHG) emissions are primarily due to heating and backup electricity production in generators that are owned or controlled by the company. At the same time, we identified our indirect GHG emissions as a result of our activities coming from sources not owned or controlled by the company. In 2019, through the launch of MyFootprint, we calculated the carbon footprint generated by our Globers’ commuting and working from home emissions worldwide.
- Reducing our carbon footprint at source emissions: In 2020, our Net-Zero Roadmap started as we moved all our operations to 100% renewable electricity sources. In 2021, we signed the Science Based Targets (SBT) Business Ambition for a 1.5°C commitment letter, joining the Race to Zero global movements devoted to taking strict and immediate action.
- Compensating through regeneration: In 2021, we achieved carbon neutrality. While we reduce our carbon footprint through science-based targets, we will compensate for all the remaining carbon emissions by supporting regenerative projects that promote environmental well-being and revert climate change:
- Brazil Nuts | Peru
- Kootznoowoo | Alaska
- Chocó-Darién | Colombia
- Rice Husk Biomass | India
- Wastewater treatment plant | Bulgaria
Becoming a Net-Zero company is a long-term decarbonization strategy that implies a team effort with our main stakeholders along our supply chain. In the meantime, we will persevere with our carbon neutrality claim looking forward to new and innovative ways of carbon offsetting and carbon trade traceability.