DWS goodwill impairment charge of $39.1M In Q3 2024, Unisys recorded a $39.1M goodwill impairment charge in the Digital Workplace Solutions segment due to slower-than-expected client signings driven by current economic environment. DWS goodwill reduced from $140.8M to $101.3M.
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$192M group annuity purchase for US pension, $130.1M settlement loss In March 2024, Unisys purchased a group annuity contract for approximately $192M to transfer projected benefit obligations for ~3,800 US defined benefit pension retirees, resulting in a pre-tax settlement loss of $130.1M.
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Third-party moderate assurance by ISOS Group expanded to cover Scope 3 categories 1-7, 11, 12 ISOS Group provided AA1000AS moderate assurance on Scope 1, Scope 2 (location- and market-based), and Scope 3 categories 1-7, 11 and 12 for the 2024 inventory. 100% of reported emissions verified.
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Retail green electricity contracts in India, New Zealand, UK, and US; RECs for Scope 2 market-based zero-emission accounting Unisys purchases low-carbon electricity through retail supply contracts with utility providers in India (solar/wind/nuclear/hydro mix, 371 MWh), New Zealand (large hydropower, 118 MWh), United Kingdom (solar/wind/nuclear/hydro mix, 3,524 MWh), and United States (solar/wind/nuclear/hydro mix, 1,251 MWh). These arrangements allow electricity to be accounted for at a zero or near-zero emission factor in the market-based Scope 2 figure. The company also intends to explore Renewable Energy Credits (RECs) for harder-to-abate Scope 2 emissions as it pursues its 75% reduction SBTi target by 2030. Total renewable electricity sourced was 5,264 MWh representing approximately 55% of total purchased electricity.
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Planned residual emission neutralisation via permanent carbon removals and carbon credit purchases post-2030 Unisys defines its Net Zero Goal as the state achieved when Scope 1 and 2 GHG emissions to the atmosphere are balanced by anthropogenic removals. At the end of the 2030 target, the company intends to neutralise any residual emissions with permanent carbon removals. It plans to purchase and cancel carbon credits for beyond-value-chain mitigation and will encourage suppliers to buy carbon credits to offset their absolute emissions. No carbon credits were retired in 2024; actual removal purchases are planned as a post-target-achievement step.
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Primary: Data centre consolidation and migration to co-location facilities Unisys is downsizing owned and on-premise data centres and migrating to energy-efficient co-located data centres powered by renewable energy sources. In 2024 this delivered a 14.87% reduction in Scope 1+2 emissions from change in physical operating conditions. A single migration initiative generated estimated annual CO2e savings of 535 tCO2e with annual monetary savings of USD 2.75 million. The transition also reduces the company's real estate footprint in line with its hybrid working model and supports the SBTi near-term target.
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Primary: Renewable energy procurement for Scope 2 reduction Unisys implemented a renewable energy initiative in 2024 delivering estimated annual CO2e savings of 3,662 tCO2e through use of renewable energy contracts, generating USD 720,000 in annual monetary savings at a sub-one-year payback period. Market-based Scope 2 emissions are reduced by purchasing low-carbon electricity across India, New Zealand, the UK, and the US. The company also intends to assess RECs for harder-to-abate Scope 2 emissions globally.
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Primary: Real estate footprint optimisation and hybrid work model Unisys is actively rightsizing its real estate portfolio to align with a hybrid working model, eliminating and consolidating buildings and migrating to co-working spaces. In 2024 this contributed to a 10.96% reduction in Scope 1+2 emissions per FTE and a 2.57% reduction per square foot. The energy intensity per square foot is 34.4 kWh/sq ft, and the company tracks square footage (1,448,494 sq ft in 2024) as a key denominator for emissions intensity management.
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Dependent: Supplier SBTi engagement: 78% of Cat 1+2 spend with SBTi-aligned suppliers by 2027 Unisys has an SBTi-approved supplier engagement target requiring 78% of its spend in Categories 1 and 2 (purchased goods/capital goods) to be with suppliers holding SBTi-aligned targets by 2027. In 2024, 62% of spend (79% of goal) was with qualifying suppliers, up from 47% in 2023. The number of SBTi-aligned suppliers grew from 78 in 2023 to 94 in 2024. Engagement includes annual supplier questionnaires, training, sharing best practices, and collecting GHG data.
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Dependent: Low-carbon IT solutions: cloud and hybrid computing services Unisys classifies cloud-based and hybrid computing services as low-carbon products, representing approximately 10% of total revenue. The company estimates 1,800 metric tonnes CO2e avoided per functional unit compared to legacy on-premise solutions (prior solution ~2,800 tCO2e vs. new solution ~1,000 tCO2e). The transition to co-located data centres with low-carbon technology solutions also enables clients to reduce their own Scope 2 and 3 emissions from purchased IT services.
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