Iress Sustainability Profile
Iress Limited, commonly referred to as Iress, is a leading technology company headquartered in Australia, with significant operations across the Asia-Pacific region, the UK, and South Africa. Founded in 2000, Iress has established itself in the financial services industry, providing innovative software solutions that enhance the efficiency and effectiveness of financial professionals. The company’s core offerings include trading, investment management, and financial advice software, distinguished by their user-friendly interfaces and robust functionality. Iress is recognised for its commitment to continuous improvement and customer-centric development, positioning itself as a trusted partner for financial institutions. With a strong market presence and a reputation for excellence, Iress continues to drive innovation in the financial technology sector, helping clients navigate an increasingly complex landscape.
DitchCarbon Score
How does Iress'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
Iress's score of 60 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Iress's reported carbon emissions
In 2024, Iress reported total carbon emissions of approximately 15,000,000 kg CO2e, comprising 816,000 kg CO2e from Scope 1, 641,000 kg CO2e from Scope 2, and about 13,728,000 kg CO2e from Scope 3 emissions, primarily from purchased goods and services. This marks a significant reduction from 2023, where total emissions were approximately 19,625,000 kg CO2e, with Scope 1 emissions at 1,322,000 kg CO2e, Scope 2 at 835,000 kg CO2e, and Scope 3 at 19,625,000 kg CO2e. Iress has set ambitious targets to reduce its greenhouse gas emissions. The company aims for a 69.3% reduction in absolute Scope 1 and 2 emissions and a 27.5% reduction in Scope 3 emissions by 2030, using 2019 as the base year. These targets have been endorsed by the Science-Based Targets Initiative (SBTi), aligning with global efforts to limit temperature rise to 1.5°C. The commitment to these reduction targets reflects Iress's proactive approach to climate action, demonstrating a clear strategy to mitigate its environmental impact while enhancing sustainability across its operations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 2,013,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 19,886,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Iress's Industry?
How Carbon Intensive is Iress's Location?
Iress's Scope 3 Categories Breakdown
Iress's Scope 3 emissions, which decreased by 30% last year and decreased by approximately 31% since 2019, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Iress'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.
Iress 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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Frequently Asked Questions
Common questions about Iress's sustainability data and climate commitments