Sovos Compliance LLC Sustainability Profile
Sovos Compliance LLC, a leading provider of tax compliance and regulatory reporting solutions, is headquartered in the United States. Founded in 2018, the company has rapidly established itself as a key player in the compliance technology industry, serving clients across various sectors, including retail, manufacturing, and financial services. Sovos offers a comprehensive suite of products designed to simplify complex tax processes, including sales tax automation, VAT compliance, and e-invoicing solutions. What sets Sovos apart is its commitment to innovation and adaptability, ensuring that businesses remain compliant in an ever-evolving regulatory landscape. With a strong market position, Sovos has achieved notable milestones, including strategic acquisitions that enhance its service offerings. The company continues to empower organisations to navigate compliance challenges efficiently, making it a trusted partner in the realm of tax technology.
DitchCarbon Score
How does Sovos Compliance LLC'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 Financial Intermediation 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
Sovos Compliance LLC's score of 26 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sovos Compliance LLC's reported carbon emissions
In 2024, Sovos Compliance LLC reported total carbon emissions of approximately 416,000,000 kg CO2e, which includes 250,000 kg CO2e from Scope 1 emissions and 130,000 kg CO2e from Scope 2 emissions. The majority of their emissions stem from Scope 3, amounting to about 19,119,000,000 kg CO2e. Within Scope 3, significant contributors include business travel (1,390,000 kg CO2e), employee commute (760,000 kg CO2e), and purchased goods and services (16,720,000 kg CO2e). Sovos Compliance has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) targets indicates that they have not yet established formalised goals for emissions reduction. Furthermore, there is no indication of data being cascaded from a parent or related organisation, suggesting that all reported emissions data is directly from Sovos Compliance LLC. Overall, while the company has made significant emissions disclosures, further commitments and reduction strategies are necessary to align with industry standards for climate action.
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| 2024 | |
|---|---|
| Scope 1 | 250,000 |
| Scope 2 | 130,000 |
| Scope 3 | 19,119,000,000 |
How Carbon Intensive is Sovos Compliance LLC's Industry?
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Sovos Compliance LLC's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with detailed category breakdown helping identify key emission sources across their value chain.
Top Scope 3 Categories
Sovos Compliance LLC'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.
Sovos Compliance LLC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
