DXC Technology Commits to Setting Science Based Targets for Near-Term Global Emissions Reduction

Rhea-AI Summary

DXC Technology (NYSE: DXC) has committed to setting near-term company-wide emission reductions aligned with the Science Based Targets initiative (SBTi). The company aims for a 55% reduction in greenhouse gas emissions by 2025 from its fiscal year 2019 baseline, pending SBTi approval. Joining over 2,000 global firms, DXC emphasizes its sustainable practices, including renewable energy use and waste reduction. COO Chris Drumgoole stated this commitment is an investment in the future and part of DXC's transition to a virtual-first company with a focus on employee flexibility and sustainability.

Positive

• Commitment to reduce greenhouse gas emissions by 55% by 2025.
• Joining over 2,000 companies in setting emissions reduction targets.
• Investment in sustainable practices aligns with customer corporate responsibility.

Negative

• Near-term target for emissions reduction is pending SBTi approval.
• No assurances can be given regarding the achievement of goals stated.

ASHBURN, Va.--(BUSINESS WIRE)-- DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced its commitment to set near-term company-wide emission reductions in line with the Science Based Targets initiative (SBTi). This commitment reaffirms DXC’s efforts to make a positive and meaningful contribution to reduce the ongoing threat of climate change.

In addition, DXC has established a near-term target to reduce greenhouse gas emissions 55% by 2025 against its fiscal year 2019 baseline, noting that the SBTi has yet to approve the near-term target. DXC joins more than 2,000 global companies that have committed to set emissions reduction targets through the SBTi.

The SBTi is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF) and one of the We Mean Business Coalition commitments. The coalition enables businesses to set ambitious emission reduction targets to reduce emissions in line with the latest climate science. The SBTi defines and promotes best practice in science-based target setting, offers resources and guidance to reduce barriers to adoption, and independently assesses and approves companies’ targets.

“DXC’s commitment to setting near-term emissions reduction targets and reducing greenhouse gas emissions is an investment in our future,” said Chris Drumgoole, DXC’s Chief Operating Officer. “This is also a key part of our journey as a virtual-first company, where we have equipped more than 99% of our employees to work virtually, securely, and flexibly from any location of their choosing, with the technology and tools to support their work.”

In addition to their SBTi commitment, DXC’s overall global environmental sustainability targets align with the United Nations Sustainable Development Goals. DXC’s targets include greenhouse gas emission reductions, energy consumption reduction, the use and purchase of renewable energies, freshwater conservation, the elimination of electronic waste in landfills, and the reduction of general waste. DXC also strives to support its customers on their own corporate responsibility and sustainability journeys. For more information about DXC’s SBTi commitment and environmental, social and governance practices, visit DXC.com.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services across the Enterprise Technology Stack to drive new levels of performance, competitiveness, and customer experience. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

Forward Looking Statement

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that the results described in such statements will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. Furthermore, many of these risks and uncertainties are currently amplified by and may continue to be amplified by or may, in the future, be amplified by the coronavirus disease 2019 pandemic and the impact of varying private and governmental responses that affect our customers, employees, vendors and the economies and communities where they operate. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2021, and any updating information in subsequent SEC filings, including DXC’s Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2021.

No assurance can be given that any goal or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements, which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events except as required by law.

Source: DXC Technology
Category: Investor Relations

View source version on businesswire.com: https://www.businesswire.com/news/home/20220405005151/en/

Media:

Jim Pasinski, DXC Corporate Media Relations, +1.716-307-5454, james.pasinski@dxc.com

Investor Relations:

John Sweeney, Investor Relations, john.sweeney@dxc.com

Source: DXC Technology

FAQ

What is DXC Technology's emissions reduction target?

DXC Technology aims to reduce greenhouse gas emissions by 55% by 2025 from its fiscal year 2019 baseline.

What initiative is DXC Technology's emission reduction commitment tied to?

The commitment is aligned with the Science Based Targets initiative (SBTi).

How many companies have joined DXC in setting emissions targets?

DXC joins over 2,000 global companies committed to emissions reduction targets through SBTi.

What does DXC Technology mean by 'virtual-first' company?

A virtual-first company means that DXC has equipped over 99% of its employees to work virtually, securely, and flexibly from locations of their choice.

What are the risks associated with DXC's forward-looking statements?

The forward-looking statements are subject to numerous risks and uncertainties that could cause actual results to differ materially.