Veeva Systems Sustainability Profile
Veeva Systems Inc., a leading provider of cloud-based software solutions for the global life sciences industry, is headquartered in the United States. Founded in 2007, Veeva has rapidly established itself as a key player in the sector, focusing on areas such as customer relationship management, content management, and data management. With a strong presence in North America, Europe, and Asia, Veeva's innovative products, including Veeva Vault and Veeva CRM, are designed to streamline operations and enhance compliance for pharmaceutical and biotechnology companies. The company's commitment to delivering industry-specific solutions has earned it a prominent market position, recognised for its unique ability to integrate data and processes seamlessly. Veeva's achievements include numerous accolades for its growth and customer satisfaction, solidifying its reputation as a trusted partner in the life sciences landscape.
DitchCarbon Score
How does Veeva Systems'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
Veeva Systems's score of 47 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Veeva Systems's reported carbon emissions
In 2024, Veeva Systems, headquartered in the United States, reported total greenhouse gas emissions of approximately 41,586,000 kg CO2e. This includes Scope 1 emissions of about 264,000 kg CO2e and Scope 2 emissions of approximately 72,000 kg CO2e (market-based). The majority of their emissions stem from Scope 3, with significant contributions from purchased goods and services (about 27,957,000 kg CO2e), business travel (approximately 9,226,000 kg CO2e), and employee commuting (around 7,157,000 kg CO2e). Veeva Systems has set ambitious near-term targets to reduce its carbon footprint. The company aims to achieve a 58.8% reduction in absolute Scope 1 and 2 emissions by FY2035, using FY2024 as the baseline year. Additionally, it commits to a 63.8% reduction in Scope 3 emissions from purchased goods and services and capital goods per million USD value added within the same timeframe. These targets align with the Science Based Targets initiative (SBTi) and are designed to support the global goal of limiting warming to 1.5°C. Veeva's commitment to sustainability is evident in its proactive approach to emissions reduction, reflecting a growing trend among software and service companies to address climate change through measurable and science-based strategies.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 213,000 | 000,000 |
| Scope 2 | 247,000 | 00,000 |
| Scope 3 | 41,310,000 | 00,000,000 |
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Veeva Systems's Scope 3 Categories Breakdown
Veeva Systems's Scope 3 emissions, which increased by 19% last year and increased by approximately 19% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 57% of Scope 3 emissions.
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Veeva Systems'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.
Veeva Systems 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.
Frequently Asked Questions
Common questions about Veeva Systems's sustainability data and climate commitments