FactSet — full event log

FactSet plans to publish its first stand-alone TCFD report and submit emissions reduction targets to SBTi in fiscal 2024.

sustainability_report p.16

FactSet scored 68 in EcoVadis 2023 rating (4-point increase from 2022), attaining a Silver Medal in the top 25% of rated companies.

sustainability_report p.26

FactSet is exploring renewable energy opportunities to reduce GHG emissions. In fiscal 2023, FactSet procured renewable energy credits (RECs) to reduce scope 2 emissions for fiscal 2022. As a lessee at all 34 office locations, FactSet has limited access to on-site renewable assets. Policy is to purchase only Green-e Certified RECs (or equivalent) to ensure power is directly generated from renewable assets and retired after purchase. The Paris 32 Rue Blanche office is connected to Fraîcheur de Paris urban cooling network powered by 100% renewable electricity.

sustainability_report p.22

The two primary sources of scope 1 and 2 emissions are electricity consumption at office locations and the transportation FactSet provides to employees in Hyderabad, India and Manila, Philippines, which combined account for 80% of scope 1 and 2 emissions.

sustainability_report p.19

Employee commuting (cat 7) and business travel (cat 6) represented 16% and 3% respectively of FY23 scope 3 emissions. The hybrid work model has reduced office footprints. Employee commuting emissions dropped from 12,750 tCO2e in FY22 to 6,093 tCO2e in FY23.

sustainability_report p.20

FactSet is continuing its migration to cloud services to enhance energy efficiency for its product offering, part of its reduction strategy to explore alternative ways to reduce emissions within facilities and services.

sustainability_report p.22

Purchased goods and services represent 75% of FactSet's scope 3 emissions (FY23). FactSet rolled out a sustainability-focused supplier questionnaire, adopted a Sustainable Procurement Policy, and is prioritizing vendors representing largest spend areas and greatest emissions intensity. Will continue collaborating with suppliers to identify Scope 3 reduction opportunities in FY24.

sustainability_report p.25

In fiscal 2023, FactSet prepared its first Scope 3 emissions inventory covering categories C1, C2, C3, C5, C6, C7, C8, and C15. Fiscal 2022 data was also calculated retrospectively.

sustainability_report p.20

In March 2023, FactSet consolidated three Paris offices into a single new office at 32 Rue Blanche, reducing scope 1 and 2 footprint. Office size reduced from ~3000 m² to 1000 m², desks from 230 to 72.

sustainability_report p.23

In fiscal 2023, FactSet published an Occupational Health and Safety Policy establishing a framework for health and safety objectives across all facilities.

sustainability_report p.40

FactSet defines net-zero as reducing emissions as close to zero as possible, then offsetting any residual emissions. The climate transition plan being developed aims at reducing emissions to as close to zero as possible, then offsetting residual emissions. No specific durable removal pathways (DAC, BECCS, biochar) are discussed; reliance is on future offsetting strategy.

sustainability_report p.22

In fiscal 2023, FactSet procured Green-e Certified renewable energy credits (RECs) to reduce scope 2 emissions for fiscal 2022.

sustainability_report p.22

FactSet is critically analyzing its real estate portfolio and reducing it as appropriate. In FY23, consolidated three Paris offices into a single 32 Rue Blanche location, eliminating redundant desks via hybrid work model. Of 34 global locations, 13 buildings have obtained LEED or LEED-equivalent (BREEAM) certification. Pursuing green lease opportunities and energy consumption reductions.

sustainability_report p.22

In fiscal 2022, FactSet announced its goal of achieving net zero emissions across scopes 1 and 2 by 2040, and committed to setting a near-term SBTi target.

sustainability_report p.17

Due to significant changes in emission factor methodologies for C1, C3, and C6, FactSet recalculated emissions for those categories, and added C8 Upstream leased assets.

sustainability_report p.20

FY22 data reflects three changes: reclassified 375 tons chilled water cooling from Scope 1 to Scope 2; identified utility bill correction increasing cooling emissions by 1,768 tons under Scope 2; reclassified 12 tons short-term leases from Scope 2 to Scope 3 cat 8.

sustainability_report p.19

FactSet achieved reasonable assurance for FY22 Scope 1 & 2 emissions measurements, third-party validated to ISO 14064-1.

sustainability_report p.19

FactSet signed an SBTi letter of commitment in July 2022 and plans to submit its proposal to SBTi no later than July 2024.

sustainability_report p.22