STOCK TITAN

BlackBerry Achieves Carbon Neutrality

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

BlackBerry Limited (NYSE: BB) has achieved carbon neutrality across Scope 1, Scope 2, and material Scope 3 emissions. The company has removed carbon from the atmosphere through investments in carbon removal initiatives. Notable actions include an 88% reduction in emissions since 2013, a partnership with Restore the Earth Foundation for reforestation, and advanced wastewater technology investments. BlackBerry's commitment to sustainability reflects its strategy to enhance its cloud-based solutions to help customers reduce their carbon footprints.

Positive
  • Achieved carbon neutrality across Scope 1, Scope 2, and Scope 3 emissions.
  • Reduced direct and indirect emissions by 88% since 2013.
  • Invested in carbon removal initiatives, positively impacting environmental sustainability.
  • Partnership with Restore the Earth Foundation aims to enhance biodiversity through reforestation.
Negative
  • None.

BlackBerry invests in carbon removal for a net effect of being carbon negative

WATERLOO, ON, Dec. 14, 2021 /PRNewswire/ -- BlackBerry Limited (NYSE: BB; TSX: BB) announced today it has achieved carbon neutrality across Scope 1, Scope 2 and material Scope 3 emissions, the three groups that categorize the emissions a company creates, as classified under the Greenhouse Gas (GHG) Protocol Corporate Standard. Additionally, BlackBerry has invested in carbon removal, for a net effect of the company removing carbon from the atmosphere. 

BlackBerry has achieved these environmental sustainability milestones by:

  • Moving company and customer workloads to the cloud. Customers are deploying our cloud-based solutions, including BlackBerry® UEM Cloud, BlackBerry® Optics 3.0, and BlackBerry® Workspaces.
  • Reducing direct and indirect emissions across our operations by 88% since 2013, across company facilities, energy consumption, business travel, waste management and more. 
  • Partnering with the Restore the Earth Foundation in the United States to help reforest the Mississippi River Basin, North America's Amazon.              
  • Investing in advanced wastewater treatment technology in Canada, which eliminates the environmental impacts of, and consumes less energy than, traditional systems.
  • Partnering with School Boards in Canada to implement energy efficiency measures.  The partnership also includes enabling climate change related education and programs.
  • Investing in innovative cookstove technology in Rwanda, which significantly reduces non-renewable fuel consumption and relieves deforestation pressures.
  • Committing to the United Nations Global Compact (UNGC), whose purpose is to mobilize a global movement of sustainable companies and stakeholders to create the world we want.

"Businesses are key to building a more sustainable and equitable today and tomorrow," said Neelam Sandhu, SVP & Chief Elite Customer Success Officer, BlackBerry. "BlackBerry is proud to have achieved carbon neutrality, invest in carbon removal, and partner with customers to reduce their carbon footprints through our cloud-based solutions."

"It has been a pleasure to partner with BlackBerry on their achievement of carbon neutrality," said Dan Fraleigh, CEO, Carbonzero, a leader in corporate carbon management strategies and solutions. "We applaud their approach to significantly reducing direct and indirect emissions, and offsetting the remainder through investments in Canadian, United States, and international projects."

"We are delighted to partner with BlackBerry to help them accomplish their environmental sustainability goals," said PJ Marshall, Executive Director of Restore the Earth Foundation. "Their proactive approach to carbon emission reductions is commendable, and their partnership with Restore the Earth and ClimeCo will also have meaningful impacts to the ecological landscape where the restoration is taking place. The reforestation that will occur as a result of this partnership will ensure that biodiversity, critical habitats, and communities are enhanced and supported in self-sustaining systems."

The technology sector has a central role to play in responding to the climate crisis, as digital transformation has the potential to decouple economic growth from carbon emissions growth.  Furthermore, the technology sector is responsible for 2 to 3 percent of global carbon emissions.  To learn more about BlackBerry's Corporate Social Responsibility (CSR) strategy visit BlackBerry.com/CSR.

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 195M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint management, endpoint security, encryption, and embedded systems. BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere. 

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved.  All other trademarks are the property of their respective owners.  BlackBerry is not responsible for any third-party products or services.

Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/blackberry-achieves-carbon-neutrality-301443960.html

SOURCE BlackBerry Limited

FAQ

What is BlackBerry's achievement announced on December 14, 2021?

On December 14, 2021, BlackBerry announced that it achieved carbon neutrality across its Scope 1, Scope 2, and material Scope 3 emissions.

How much has BlackBerry reduced its emissions since 2013?

BlackBerry has reduced its direct and indirect emissions by 88% since 2013.

What company does BlackBerry partner with for reforestation efforts?

BlackBerry has partnered with the Restore the Earth Foundation for reforestation projects.

Does BlackBerry invest in carbon removal?

Yes, BlackBerry has invested in carbon removal initiatives, contributing to its net carbon-negative impact.

What is BlackBerry's stock symbol?

BlackBerry's stock symbol is BB.

BlackBerry Limited

NYSE:BB

BB Rankings

BB Latest News

BB Stock Data

2.35B
580.26M
1.7%
46.34%
4.2%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
WATERLOO