Ceridian Strengthens Climate Strategy with SBTi Commitment and Scope 3 Emissions Reduction Target

Rhea-AI Summary

Ceridian announces new actions to reduce greenhouse gas emissions and validates targets through Science Based Targets initiative.

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• Ceridian sets new target to reduce Scope 3 emissions intensity per revenue by over 50% before 2030.
• Ceridian commits to working with SBTi to validate emissions reduction targets and renewable electricity sourcing.

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TORONTO and MINNEAPOLIS, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced it is furthering its sustainability commitment with two new actions that demonstrate its ambition to reduce its annual greenhouse gas (GHG) emissions in line with the goals of the Paris Agreement and the best available climate science.

The first is a new target to reduce Scope 3 emissions intensity per revenue by more than 50% before 2030 from a 2019 baseline. For Ceridian, like most companies, Scope 3 emissions—also known as value chain emissions—are substantially greater than those from its direct operations.

The second is a commitment to work with the Science Based Targets initiative (SBTi) to validate this new Scope 3 target, its existing Scope 1 and 2 emissions reduction target, and its ongoing pledge to source 100% renewable electricity across its global facilities. SBTi is a collaboration among CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

“Recent heat waves, wildfires, and floods are the latest reminders that climate change poses a dire threat to the health and wellbeing of humanity on our planet,” said Jason Rahlan, Vice President of Corporate Responsibility and Sustainability at Ceridian. “Ceridian is fundamentally committed to doing its part to help address the climate crisis, and today’s announcements reflect the ongoing ambitions of our climate strategy.”

Recent highlights from Ceridian’s sustainability performance include:

• Reducing its absolute Scope 1 and 2 emissions by 97% and Scope 3 emissions by 32% since 2019
• Reducing its physical footprint by over 400,000 square feet since 2019
• Sourcing 100% renewable electricity across its operations through high-quality energy attribute certificates (EACs) and joining the U.S. EPA Green Power Partnership
• Furthering incorporating green leasing principles and other environmental and health considerations in selecting office space
• Developing its first-ever Environmental Sustainability Policy
  

Ceridian reported its latest emissions data in its most recent ESG Report and recently completed both its annual CDP Climate Change questionnaire and Task Force on Climate-related Financial Disclosures Index, which can be viewed in the Ceridian ESG Reporting Hub.

About Ceridian
Ceridian. Makes Work Life Better™.

Ceridian HCM Holding Inc. is a global human capital management software company. Dayforce, its flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. The Dayforce platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Visit Ceridian.com or follow us @Ceridian.

Forward-Looking Statement
This press release contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, and our expectations, hopes, intentions or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and information currently available to, management. Because such statements are based on expectations as to the future and are not statements of fact, actual results may differ materially from those projected. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

This press release should be read in conjunction with the risks detailed in the “Cautionary Note Regarding Forward-Looking Information,” “Forward-Looking Statement,” “Risk Factors” and other sections of Ceridian’s Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K and other filings with the Securities and Exchange Commission.

Media Contact:
Nick de Pass
nick.depass@ceridian.com
(226) 972-5962