F5

F5, Inc., an IT services company headquartered in the US, has established robust climate commitments, including a target to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50% and absolute Scope 3 emissions by 43% by 2030, using a 2021 baseline year. These targets have been verified by the Science Based Targets initiative (SBTi) as consistent with limiting global warming to 1.5°C.

In the 2024 reporting year, F5 reported total GHG emissions of approximately 127.8 million kg CO2e. This figure comprises:

• Scope 1: Approximately 872,000 kg CO2e
• Scope 2 (Market-based): Approximately 4,800,000 kg CO2e
• Scope 3: Approximately 122,110,000 kg CO2e, with the largest contributions from the use of sold products (approximately 68,836,000 kg CO2e) and purchased goods and services (approximately 14,614,000 kg CO2e).

In the preceding year, 2023, F5's total GHG emissions were approximately 143.16 million kg CO2e, with Scope 1 emissions at about 1,285,000 kg CO2e, Scope 2 at approximately 5,466,000 kg CO2e, and Scope 3 at approximately 136,415,000 kg CO2e.

F5's climate initiatives indicate progress towards its targets. For Scope 1 and 2 emissions, the company is reportedly on track for near-term and five-year progress, respectively. For Scope 3 emissions, F5 is also on track for near-term progress. The company's reporting spans all three scopes of emissions, demonstrating a comprehensive approach to understanding and managing its climate impact.