Veritas Technologies Sustainability Profile
Veritas Technologies, a leading provider of data management solutions, is headquartered in the United States and operates across major regions including Europe and Asia. Founded in 1983, Veritas has established itself as a key player in the data protection and information management industry, with significant milestones such as the launch of its flagship product, Veritas NetBackup. The company offers a comprehensive suite of services, including backup and recovery, cloud data management, and information governance, distinguished by their robust scalability and reliability. Veritas is renowned for its innovative approach to data protection, enabling organisations to manage their data efficiently across hybrid and multi-cloud environments. With a strong market position, Veritas continues to achieve notable recognition for its commitment to helping businesses safeguard their critical information assets.
DitchCarbon Score
How does Veritas Technologies'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
Veritas Technologies's score of 41 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Veritas Technologies's reported carbon emissions
In 2023, Veritas Technologies, headquartered in the United States, reported total carbon emissions of approximately 190.0 million kg CO2e. This figure includes 1,012,000 kg CO2e from Scope 1 emissions, 5,847,000 kg CO2e from Scope 2 emissions, and 183,162,000 kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its greenhouse gas emissions, committing to a 25% reduction in absolute Scope 1 and 2 emissions by FY2025, using FY2019 as the base year. Additionally, Veritas aims to decrease Scope 3 emissions from business travel by 19% and from the use of sold products by 17% per appliance sold, both by FY2025. Veritas's climate commitments are aligned with the Science Based Targets initiative (SBTi), which ensures that their targets are consistent with the reductions necessary to limit global warming to 1.5°C. Furthermore, the company plans for 50% of its suppliers, by spend on purchased goods and services and capital goods, to have science-based targets by FY2025. This comprehensive approach reflects Veritas's dedication to addressing climate change and reducing its carbon footprint across all scopes of emissions.
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| 2020 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 3,225,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 45,436,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 221,220,000 | 000,000,000 | 000,000,000 |
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Veritas Technologies'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.
Veritas Technologies 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.
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