Iver’s climate targets approved by SBTi

14 September 2023 / Press Release

Iver’s climate targets have been validated and approved by the Science Based Targets initiative (SBTi) – this confirms that Iver’s targets are grounded in climate science and in line with the Paris Agreement.

Iver joined the Science Based Targets initiative (SBTi) in March 2022, and in the summer of 2023, Iver’s climate targets were validated and approved by SBTi’s Target Validation Team. The validation process was based on a thorough analysis of Iver’s current direct and indirect greenhouse gas emissions, and the measures required to achieve the necessary reduction.

“We have an ambitious plan to further reduce our operations’ climate footprint in line with the Paris Agreement. The IT sector has a decisive role to play in enabling the necessary transformation towards sustainable societal development, and our cutting-edge approach here at Iver demonstrates that we take our share of the responsibility very seriously. The fact that our targets now have been validated by the Science Based Targets initiative provides confirmation that Iver is the right partner for clients who also put climate issues on the top of the agenda,” says Juko Hakala, CEO of Iver.

SBTi was launched in 2015 in conjunction with the publication of the Paris Agreement. The initiative is a collaboration between the Carbon Disclosure Project (CDP), the UN Global Compact, the World Resources Institute (WRI), and the World Wildlife Fund (WWF), with the aim of helping companies to set greenhouse gas emission reduction targets that show companies how much and how quickly they need to reduce their greenhouse emissions in order to play their part in the necessary transformation.  

“The validation of our climate targets shows that we are one of the companies that have actually grasped what it will entail to run operations that are compatible with limiting global warming to 1.5˚C – which is the goal set by the Paris Agreement. A very large percentage of our climate footprint is linked to the IT hardware we procure for our own use and for our clients, and consequently, our goals have clearly established the direction we must take to help reduce greenhouse gas emissions in our supply chain. Our efforts to reduce our emissions are a very important component of being a long-term and sustainable partner for our clients, and, naturally, an attractive employer as well,” says Jakob Tapper, who is responsible for Iver’s sustainability work.

Iver’s approved science-based targets
The climate targets for Iver’s operations (Scope 1 and 2) align with the required reductions to limit global warming to 1.5°C – the level that Iver should be aiming for and in accordance with the Paris Agreement. This implies that Iver must reduce its direct emissions from company-owned and controlled vehicles, coolant usage, and energy consumption by a massive 29.4% by 2027 from a 2021 base year. By far, the biggest portion of Iver’s climate footprint is generated by the IT hardware procured by the company and an analysis consequently clearly showed that an ambitious target must also entail a supplier dialogue, with an extensive focus on reducing greenhouse gas emissions. Iver’s target for reducing its indirect emissions within the supply chain (Scope 3) imply that suppliers who account for as much of 90% of the company’s emissions related to goods and services must have their own science-based targets by 2027.

For further information, contact:
Jakob Tapper, Information/Sustainability, Iver, +46 739 81 63 33, jakob.tapper@iver.se

About Iver
Iver is a leading Nordic provider of cloud-based IT-services. With technical expertise and deep understanding of your business, we help you drive digital transformation, closing the gap between aspiration and implementation. Iver’s registered office is in Stockholm and we operate mainly throughout the Nordic region, with an agenda to continue our expansion. Iver has a turnover of just over SEK 3.2 billion and approximately 1,700 employees who work at one of our 25 offices around the world. We are not big blue – we are yellow. Large enough to scale and agile enough to innovate. Find out more at iver.se.

This information was published on 14 September 2023, at 10.00 (CET).