Aspen Technology Announces Net-Zero Commitment

Rhea-AI Summary

Aspen Technology, Inc. (NASDAQ:AZPN) commits to achieving net-zero greenhouse gas emissions by 2030, with a significant reduction in Scope 3 emissions by 2030 and full net-zero by 2045. The company is partnering with asset-intensive industries to guide them in their sustainability journeys and is developing a plan to achieve these targets within the next 24 months.

Company committed to achieving net-zero operations by 2030

BEDFORD, Mass.--(BUSINESS WIRE)-- Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced its commitment to achieving company-wide emission reductions in line with climate science and the Science Based Target initiative (SBTi), the leading organization driving science-based target adoption. The company intends to achieve net-zero greenhouse gas (GHG) emissions for Scope 1 and Scope 2 by 2030 with a significant reduction in Scope 3 by 2030 and full net-zero by 2045.

“AspenTech has a decades long history of partnering with asset-intensive industries to provide the expertise and digital technology to guide them in their sustainability journeys,” said Antonio Pietri, President and CEO at AspenTech. “Today, with the support of our Board of Directors and executive team, I’m pleased to share that in addition to the solutions for customers, we are committing to our own net-zero target as part of tackling climate change.”

Added Rasha Hasaneen, Chief Product and Sustainability Officer at AspenTech, “Confronting climate change has never been more critical, and AspenTech is committed to operating in the most responsible way possible — and partnering with our customers to do the same. Our innovative sustainability solutions portfolio in combination with our own net-zero initiative will make a significant contribution to achieving a net-zero future.”

In keeping with the SBTi guidelines, AspenTech is developing a plan to achieve these targets which will be submitted within the next 24 months. To learn more about AspenTech’s sustainability initiatives, see the company’s latest ESG Report.

About AspenTech
Aspen Technology, Inc. (NASDAQ: AZPN) is a global software leader helping industries at the forefront of the world’s dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle. Through our unique combination of deep domain expertise and innovation, customers in asset-intensive industries can run their assets safer, greener, longer and faster to improve their operational excellence. To learn more, visit AspenTech.com.

© 2024 Aspen Technology, Inc., AspenTech and the Aspen leaf logo are trademarks of Aspen Technology, Inc. All rights reserved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240130471409/en/

Media

Stephanie Jackman

AspenTech

+1 781-221-1965

Stephanie.Jackman@aspentech.com

Source: Aspen Technology, Inc.

FAQ

What is Aspen Technology, Inc.'s (AZPN) commitment regarding greenhouse gas emissions?

Aspen Technology, Inc. (AZPN) is committed to achieving net-zero greenhouse gas emissions for Scope 1 and Scope 2 by 2030, with a significant reduction in Scope 3 by 2030 and full net-zero by 2045.

Who is the President and CEO of Aspen Technology, Inc. (AZPN)?

Antonio Pietri is the President and CEO of Aspen Technology, Inc. (AZPN).

What is the Science Based Target initiative (SBTi)?

The Science Based Target initiative (SBTi) is the leading organization driving science-based target adoption to address climate change.

What is Aspen Technology, Inc.'s (AZPN) plan to achieve the net-zero emissions target?

Aspen Technology, Inc. (AZPN) is developing a plan to achieve the net-zero emissions target, which will be submitted within the next 24 months, in line with the SBTi guidelines.