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 63% 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 US, reported total carbon emissions of approximately 1,033,000 kg CO2e. This figure includes 301,000 kg CO2e from Scope 1 emissions, 16,400 kg CO2e from Scope 2 emissions, and 716,000 kg CO2e from Scope 3 emissions. The total emissions for 2022 were about 1,081,000 kg CO2e, indicating a slight reduction in emissions year-on-year. Veritas has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 25% by FY2025, using FY2019 as the baseline. Additionally, the company targets a 19% reduction in Scope 3 emissions from business travel and a 17% reduction in Scope 3 emissions from the use of sold products per appliance sold, both by FY2025 from the same base year. Furthermore, Veritas commits to ensuring that 50% of its suppliers, by spend, covering purchased goods and services and capital goods, will have science-based targets by FY2025. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to contribute to limiting global warming to 1.5°C. The emissions data and reduction targets are cascaded from Veritas Technologies LLC, reflecting the company's commitment to sustainability and climate action within the software and services sector.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 297,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 15,700 | 00,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 424,000 | 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.
Frequently Asked Questions
Common questions about Veritas Technologies's sustainability data and climate commitments