Fenergo, a provider of client lifecycle management (CLM) solutions for financial institutions, announces the validation of its climate targets by the Science-Based Targets initiative (SBTi).
The justification of Fenergo’s science-based targets reaffirms its commitment to driving “scientifically measurable environmental change and supporting the global effort to limit global warming to 1.5°C.”
SBTi is a global body that helps companies “set greenhouse gas (GHG) emissions reduction targets based on the latest climate science.”
Its primary goal is to encourage corporate climate action “that aligns with the objectives of the Paris Agreement, specifically to limit global warming to 1.5°C.”
Fenergo’s targets focus on “significant reductions in greenhouse gas emissions across its own operations and throughout its value chain.”
These efforts align with the goals of the Paris Agreement and “reflect the company’s climate transition and Environmental, Social, and Governance (ESG) strategies.”
Fenergo’s Key SBTi Targets:
- Operational Emissions – Achieve a 42% reduction in Scope 1 and Scope 2 emissions by 2030
- Indirect Emissions – Collaborate with partners and staff to achieve a 52% reduction in Scope 3 emissions by 2030
Marc Murphy, CEO of Fenergo, said:
“The validation of our science-based targets is a significant milestone for Fenergo and demonstrates our commitment to embedding sustainability into every aspect of our business. We are taking meaningful action to reduce our carbon footprint while helping financial institutions achieve their own ESG objectives. Together, we can drive real progress in tackling the climate crisis.”
Fenergo’s ESG strategy, includes adopting “renewable energy, improving buildings efficiency, promoting circular economy, reducing business travels and commuting related emissions, and working with clients and partners to build a more sustainable financial services ecosystem.”
Fenergo’s commitment to sustainability also reportedly “extends to its innovative solutions.”
By enabling financial institutions to meet evolving regulatory requirements, Fenergo helps financial institutions “address ESG challenges while optimizing operational efficiency.”
Fenergo says it believes that meaningful “progress in climate action requires collaboration.”
By aligning its business goals with “science-based” methodologies, Fenergo is encouraging its value chain to “cooperate in the common goal to lead the financial services industry toward a more sustainable future.”
