"Oracle, a company based in the USA, has set a target to achieve net zero emissions by 2050. Net Zero Tracker This includes 100% of their Scope1, Scope2, and Scope3 emissions across the organization as measured in their baseline year. Net Zero Tracker They also have an interim target to reduce emissions by 26.0% relative to 2015 emissions by 2025. Net Zero Tracker An interesting fact about Oracle's environmental policy is that they have a goal to reduce air travel emissions by 25% over a 2019 baseline and to use 100% renewable energy in operations, including Oracle Cloud Infrastructure, real …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG
emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1
million USD revenue).
Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary
business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer
Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and
Oracle belongs to the sector Information Technology.
Separate targets for emission reductions and removals
Conditions on use of offset credits
Plans for carbon dioxide removal (CDR)
Additional notes: Oracle has not used any project-based carbon credits within the reporting period, although the CDP questionnaire references discussions about/developing a project on establishing an offset programme for interested business units.
Answered 'unsure' to question about if Oracle intends to neutralise any unabated emissions with permanent carbon removals at the target year.
Details from CDP questionnaire: https://www.oracle.com/a/ocom/docs/cdp-climate-change-questionnaire-2022.pdf
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious