Solera Holdings Sustainability Profile
Solera Holdings, Inc., headquartered in the United States, is a leading provider of data and software solutions for the automotive and insurance industries. Founded in 2005, Solera has established a strong presence across North America, Europe, and Asia, delivering innovative services that enhance operational efficiency and risk management. The company specialises in a range of core products, including claims management, vehicle history reports, and data analytics, which are designed to streamline processes and improve decision-making for its clients. Solera's unique approach combines advanced technology with deep industry expertise, positioning it as a trusted partner for businesses seeking to optimise their operations. With a commitment to continuous innovation, Solera has achieved significant milestones, solidifying its market position as a frontrunner in the automotive and insurance sectors.
DitchCarbon Score
How does Solera Holdings's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Solera Holdings's score of 28 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Solera Holdings's reported carbon emissions
As of the latest available data, Solera Holdings has not reported specific carbon emissions figures. However, the company has set ambitious climate commitments through the Science Based Targets initiative (SBTi). Solera Holdings aims to reduce its absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 84% by FY2030, using FY2020 as the base year. Additionally, the company plans to increase its active annual sourcing of renewable electricity from approximately 36.1% in FY2020 to 100% by FY2026 and maintain this level through FY2030. In terms of Scope 3 emissions, which encompass indirect emissions from the use of sold products, Solera Holdings commits to a 37% reduction by FY2030 from the same FY2020 base year. This commitment also includes a further 37% reduction of remaining absolute Scope 3 GHG emissions within the same timeframe. These targets are aligned with the necessary reductions to limit global warming to 1.5°C, demonstrating Solera Holdings's commitment to addressing climate change and enhancing sustainability within its operations.
How Carbon Intensive is Solera Holdings's Industry?
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Solera Holdings's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Solera Holdings has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
