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KYNDRYL HOLDINGS, INC. — full event log

Every event we have on file across every reporting year. The Data-by-year tab summarises the top 10 per year; this page shows them all.

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2025· 25 events

Dependent: Business travel emission reduction through internal policy changesData confidence — high

Business travel (Scope 3 Cat 6: 43,751 tCO2e in FY2025) is a material dependent lever. In FY2025, Kyndryl implemented stricter controls on reducing business travel-related emissions by modifying internal travel policies, contributing to progress against the near-term SBTi target. Emissions are tracked using a hybrid distance- and spend-based methodology using U.K. Defra factors and supplier-specific data from Kyndryl's main business travel service provider.

sustainability_report p.465

Dependent: Employee commuting decarbonization through hybrid work and digitized workplace solutionsData confidence — high

Employee commuting (Scope 3 Cat 7: 53,441 tCO2e in FY2025) is tracked via employee surveys extrapolated to the full workforce. Long-term decarbonization strategies include enabling hybrid work models and providing customers with digitized workplace solutions that help reduce on-site commuting emissions. Kyndryl's long-term planning horizon explicitly includes decarbonization of employee commuting as part of the net-zero strategy. The company also offers customers solutions for hybrid office strategies to reduce their own employee commuting and onsite emissions.

sustainability_report p.16

ISO 45001 Health and Safety certificationData confidence — high

Obtained enterprise-wide certification of Health and Safety Management System to ISO 45001 standard.

sustainability_report p.9

Water reduction target in water-stressed areasaffects water consumption m3Data confidence — high

Goal to reduce total water consumption in data centers and operated offices in high water-stressed areas by 30% by 2030 against fiscal 2023 base year.

sustainability_report p.21

100% IT e-waste diversion from landfill by 2030Data confidence — high

Aim to divert 100% of IT e-waste from landfills by 2030 through reuse, resale and recycling. Fiscal 2025 diversion rate was 99.99% (9 kg landfilled).

sustainability_report p.21

100% renewable electricity by 2030affects renewable electricity pctData confidence — high

Target to obtain 100% of purchased electricity through renewable sources by 2030, following RE100 guidance.

sustainability_report p.18

Joined CDP Supply Chain programaffects scope 3 co2eData confidence — high

Joined CDP Supply Chain program to better understand suppliers' carbon reduction programs and accurately estimate supply chain emissions from top-tier suppliers.

sustainability_report p.20

ISO 14001 and 50001 certifications obtainedData confidence — high

Obtained global ISO 14001 and 50001 certifications for Environmental and Energy Management System (E&EnMS).

sustainability_report p.9

Renewable electricity procurement targeting 100% by 2030 (RE100 aligned)Data confidence — high

In fiscal 2025, 58% of purchased electricity came from renewable sources (up from 51% in FY23 and FY24). Kyndryl aims to follow RE100 guidance as it manages renewable energy procurement toward its goal of 100% renewable electricity by 2030. Energy efficiency and renewable energy use are considered when selecting new data center locations.

sustainability_report p.20

No durable carbon removals program disclosedData confidence — med

Report does not disclose use of durable carbon removals (DAC, BECCS, biochar) or offsets. Strategy focuses on absolute emission reductions through data center transformation, energy efficiency, renewable electricity procurement and supply chain engagement rather than removals or offsets.

sustainability_report p.19

Primary: Data center consolidation and transformationData confidence — high

Kyndryl is consolidating legacy data centers and shifting IT workloads to more modern, energy-efficient and climate-resilient sites and cloud platforms. This was the primary driver of the 26% reduction in scope 1+2 emissions vs FY23 baseline. Weighted average PUE was 1.9 overall and 1.7 for sites in the EU Code of Conduct.

sustainability_report p.19

Primary: Data center energy efficiency projectsData confidence — high

In fiscal 2025, Kyndryl reduced energy use through energy efficiency projects by 24,400 MWh, resulting in the avoidance of approximately $2.7 million in electricity costs. Projects include modernizing and refreshing IT equipment, consolidating and virtualizing IT workloads, and implementing cooling and airflow efficiency projects through AI and automation.

sustainability_report p.19

Dependent: Supply chain engagement (cat 1 & 2 emissions)Data confidence — high

Scope 3 categories 1 (purchased goods and services) and 2 (capital goods) are the largest Scope 3 contributors. In FY25, Kyndryl launched a global education campaign for over 7,500 suppliers on advancing climate action and joined the CDP Supply Chain program. Uses EcoVadis platform — over 85% of largest suppliers completed or in progress on the assessment. Encourages suppliers to adopt SBTi-aligned goals.

sustainability_report p.27

Primary: Business travel reductionData confidence — high

Reduction in business travel emissions contributed to the 15% reduction in scope 3 emissions vs FY23 baseline, alongside reduced upstream and transportation-loss related emissions.

sustainability_report p.19

Primary: IT e-waste circularity and reuseData confidence — high

Kyndryl's waste diversion program prioritizes reuse and resale of IT assets, working with scrap suppliers (all with third-party recycling certification) when assets cannot be reused. FY25 IT e-waste landfill diversion rate was 99.99% (only 9 kg landfilled). Aim for 100% diversion by 2030.

sustainability_report p.21

SBTi validated near-term and net-zero targetsaffects scope 1 co2eData confidence — high

SBTi validated near-term target to reduce absolute scope 1, 2 and 3 GHG emissions 50% by fiscal 2030 from fiscal 2023 base year (including 75% reduction in scope 1+2). SBTi also validated target to reach net-zero GHG emissions by 2040.

sustainability_report p.18

Global ISO 14001 and ISO 50001 certifications obtainedData confidence — high

Kyndryl obtained global ISO 14001 (Environmental Management System) and ISO 50001 (Energy Management System) certifications in FY2025, helping operationalize environmental and energy goals.

sustainability_report p.8

Scope 3 Cat 1 & 2 methodology changed to hybrid (spend + activity based)affects scope 3 purchased goodsData confidence — high

Kyndryl migrated Scope 3 Category 1 and 2 from 100% spend-based to a hybrid methodology combining spend-based and activity-based approaches per GHG Protocol guidance. For FY2025, 66.3% calculated via activity-based and 33.7% via spend-based. Base year FY2023 and prior year FY2024 were both recalculated.

sustainability_report p.140

Base year Scope 3 Cat 1 & 2 recalculated following methodology changeaffects scope 3 purchased goodsData confidence — high

FY2023 base year Scope 3 Cat 1 (548,511 tCO2e) and Cat 2 (67,184 tCO2e) recalculated following migration to hybrid methodology. FY2024 also restated. Significance threshold is 10% variance for individual Scope 3 categories.

sustainability_report p.140

Third-party limited assurance (ISAE3000) for Scope 1, 2, and Scope 3 cat 1-7Data confidence — high

ERM CVS provided limited assurance under ISAE3000 for FY2025 Scope 1, Scope 2 (location and market-based), and Scope 3 categories 1-7 emissions, as well as waste, water, fuel, and energy consumption metrics. 100% of reported emissions verified.

sustainability_report p.168

100% renewable electricity by 2030 via bundled contracts, RECs/EACs, and VPPA evaluationData confidence — high

Kyndryl has set a target to obtain 100% of purchased electricity from renewable sources by FY2030. In FY2025, renewable electricity reached 57.8% of total purchased electricity (up from 51.4% in FY2024). The strategy involves working with co-location and service providers to include renewable energy in contracts through bundled purchases, procuring unbundled RECs and Guarantees of Origin (GOs) in strategic markets globally, and evaluating long-term virtual PPA (VPPA) options to secure renewable energy at fixed prices. Kyndryl also works with co-location providers that have on-site renewable energy generation and is exploring installing on-site renewable generation in owned data centers. The renewable energy target is SBTi-linked and part of the broader net-zero strategy.

sustainability_report p.467

Permanent carbon removals planned for residual emissions at net-zero target end date (2040)Data confidence — high

Kyndryl intends to neutralize any residual emissions remaining at the end of its net-zero target (FY2040) with permanent carbon removals. The company does not plan to purchase and cancel carbon credits for neutralization or beyond-value-chain mitigation. Kyndryl has not yet actively planned the specific removal mechanism but will evaluate options as it approaches the net-zero target date. The company's current intention is to focus on operational emissions reduction across Scope 1, 2, and applicable Scope 3 categories before relying on removals.

sustainability_report p.470

Primary: Data center transformation and asset-light strategyData confidence — high

Kyndryl's primary decarbonization lever is consolidating legacy data centers and migrating IT workloads to more modern, energy-efficient sites and cloud platforms. This asset-light strategy is expected to reduce Scope 1 and 2 (market-based) absolute emissions by a minimum of 4.5% annually. When considering new data centers, Kyndryl includes energy efficiency and renewable energy use as key site criteria. This strategy also reduces Scope 3 category 3 (T&D losses) emissions. In FY2025, this led to a 17.3% reduction in Scope 1 and Scope 2 (market-based) emissions compared to FY2024.

sustainability_report p.115

Primary: Energy efficiency improvements at operated facilitiesData confidence — high

Kyndryl is increasing energy efficiency at operated locations through IT equipment modernization and refreshing, consolidation and virtualization of IT workloads, and cooling and airflow efficiency projects using AI and automation. The company also retires, consolidates, and replaces older energy-intensive mainframes with newer, more energy-efficient technology. Kyndryl has one of the largest datacenter portfolios accepted into the EU Code of Conduct for Energy Efficiency in Data Centers. In FY2025, 247 energy efficiency initiatives were fully implemented, yielding estimated annual savings of 5,400 tCO2e and 24,444 MWh, at an investment of approximately $904,000.

sustainability_report p.473

Primary: Scope 3 supply chain decarbonization (Cat 1 & 2 - purchased goods and services)Data confidence — high

Purchased goods and services (Cat 1: 504,096 tCO2e) and capital goods (Cat 2: 31,122 tCO2e) together represent the largest portion of Kyndryl's Scope 3 inventory. Kyndryl engaged over 7,500 suppliers in a global education campaign in FY2025, encouraging adoption of SBTi-aligned goals. More than 85% of top-tier suppliers (200 suppliers contributing ~75% of Cat 1 & 2 emissions) completed or were in the process of completing the EcoVadis questionnaire. Kyndryl uses the CDP Supply Chain program and EcoVadis platform to monitor supplier emissions and ESG performance and requires suppliers to meet RBA Code of Conduct standards.

sustainability_report p.129

2024· 21 events

Primary: Energy efficiency, mainframe modernization and AI-driven coolingData confidence — high

Achieved nearly 19,000 MWh of energy efficiency savings in fiscal 2024, generating ~$2.6 million savings. Retiring/consolidating energy intensive mainframes saved ~3,500 mtCO2e. Implementing AI/automation-driven cooling and airflow projects. EU Code of Conduct for Energy Efficiency in Data Centres participants achieved weighted average PUE 1.7 vs overall 1.8.

sustainability_report p.27

Double materiality assessment conductedData confidence — high

In 2024, Kyndryl conducted a double materiality assessment executed by a third party. Identified 5 material topics: business conduct & ethics, culture & employee experience, cybersecurity, GHG & climate, and responsible supply chain.

sustainability_report p.10

Limited assurance obtained for Scope 1, 2 FY2024 (ISAE3000)affects scope 1 co2eData confidence — high

Kyndryl obtained third-party limited assurance (ISAE3000) from ERM CVS for Scope 1 and Scope 2 (both location- and market-based) emissions for FY2024. Scope 3 FY2024 data is estimated using FY2023 assured figures; FY2024 Scope 3 assurance is underway.

sustainability_report p.111

ISO 14001 and ISO 50001 global certifications obtainedData confidence — high

Kyndryl obtained global ISO 14001 (Environmental Management) and ISO 50001 (Energy Management) certifications for its integrated Environmental and Energy Management System during FY2024.

sustainability_report p.2

100% renewable electricity by 2030 via EACs, PPAs and bundled contractsData confidence — high

Kyndryl targets 100% of purchased electricity from renewable sources by FY2030 (end 03/31/2030), having achieved 51.4% in FY2024. The strategy uses unbundled Energy Attribute Certificates (I-RECs, GOs, US-RECs, LGCs), physical PPAs (e.g. Belgium wind PPA), retail green electricity contracts, and bundled renewable energy embedded in co-location provider contracts. Kyndryl conservatively estimates $1M/year for unbundled EAC procurement and works with Operations, Procurement, and Finance to secure renewable energy across 30+ countries. The firm also installs on-site renewable generation and migrates client workloads to cloud providers using up to 100% renewable energy.

sustainability_report p.298

Permanent carbon removals planned to neutralize residual emissions at net-zero in 2040Data confidence — high

Kyndryl's SBTi-validated net-zero target (NZ100) explicitly commits to neutralizing any residual emissions with permanent carbon removals at the end of the 2040 target. The firm has not yet purchased or retired carbon credits and does not plan to use offsets for beyond-value-chain mitigation. Kyndryl states it will evaluate specific removal mechanisms as it approaches the net-zero date, and has not yet finalized near-term investment plans for neutralization.

sustainability_report p.300

Primary: Datacenter transformation and asset-light strategyData confidence — high

Kyndryl is consolidating legacy data centers and migrating IT workloads to more modern, energy-efficient locations including hyperscale cloud providers. Site selection criteria include energy efficiency and renewable energy use. The strategy reduces Scope 1 and location-based Scope 2 emissions by closing high-carbon, energy-intensive facilities. Scope 1 fell 9.2% in FY2024 vs FY2023 primarily due to asset reduction. The firm has one of the largest portfolios accepted into the EU Code of Conduct for Energy Efficiency in Data Centers.

sustainability_report p.82

Primary: Energy efficiency in data centers and officesData confidence — high

Kyndryl implements energy efficiency projects including cooling and airflow improvements (cold aisle installations, CRAC unit rightsizing), IT equipment modernization and refreshing, virtualization of IT workloads, replacement of energy-intensive mainframes with newer technology, and LED lighting upgrades. In FY2024, 153 projects were fully implemented saving ~5,400 tCO2e/year and ~$2.7M. 193 projects are in implementation with 7,300 tCO2e/year estimated savings. Projects are prioritized using ROI calculations and marginal abatement cost curve analysis.

sustainability_report p.301

Dependent: Supply chain decarbonization via EcoVadis and SBTi engagementData confidence — high

Kyndryl's largest source of emissions is Scope 3 (categories 1 and 2 from purchased goods and services and capital goods comprise ~448,825 tCO2e of the ~906K tCO2e baseline). The firm uses the EcoVadis platform to map ~140 top-tier suppliers covering ~90% of Cat 1+2 emissions. In FY2024 Kyndryl engaged with 90% of high-impact suppliers to share its emissions reduction strategy, provides SBTi awareness training, and tracks net-zero commitments. Suppliers must sign the RBA Code of Conduct. Kyndryl has developed a Scope 3 roadmap for Cat 1, 2 and 3 reduction requirements aligned to its SBTi near-term target.

sustainability_report p.91

Primary: Business travel and employee commuting reductionData confidence — high

Business travel (32,429 tCO2e in FY2023/24) and employee commuting (102,613 tCO2e) are identified as key long-term decarbonization levers. Kyndryl notes these as part of its long-term net-zero strategy and plans to introduce employee education and awareness initiatives. The company's hybrid workplace strategy and digitization of work processes are cited as tools to reduce commuting-related emissions. Business travel emissions are calculated using AMEX GBT data with distance- and spend-based emission factors.

sustainability_report p.7

Dependent: Green IT services enabling customer emissions reductionsData confidence — high

Kyndryl offers sustainability-linked services through its Kyndryl Bridge platform to help customers reduce their GHG footprint. Offerings include Sustainable Data Centers (energy efficiency assessments), cloud migration (reducing customer energy use by up to 85% vs on-premises), AI/automation for operational efficiency, and digitizing workplace solutions that reduce employee commuting. This is both a revenue opportunity and a Scope 4 avoided-emissions lever. In FY2024, ~1% of revenue ($160.5M) was aligned to climate transition activities.

sustainability_report p.93

SBTi validation of net-zero and near-term targetsData confidence — high

In July/August 2024 received SBTi validation of 2040 net-zero target and 2030 near-term emissions reduction targets.

sustainability_report p.40

ISO 14001 and 50001 certificationsData confidence — high

Obtained global ISO 14001 and 50001 certifications for integrated Environmental and Energy Management System.

sustainability_report p.33

Switch from spend-based to hybrid method for scope 3affects scope 3 co2eData confidence — high

Updated report (March 2025) contains third-party assured fiscal 2024 scope 3 GHG emissions, applicable restated emissions for fiscal 2023, and switch from a pure spend-based method to a hybrid-approach.

sustainability_report p.25

Alignment with six UN SDGsData confidence — high

Approach aligned with SDGs 4, 8, 10, 12, 13, 16.

sustainability_report p.18

First third-party limited assurance on Scope 1, 2 and 3Data confidence — high

Engaged third-party for limited assurance on scope 1, 2 and 3 GHG emissions metrics and select waste/water metrics.

sustainability_report p.25

51% renewable purchased electricity; RE100-aligned, target 100% by 2030Data confidence — high

In fiscal 2024, 51% of purchased electricity came from renewable sources. Procurement determination aligns with RE100 best practice. Enabled 16,100 MWh of solar generation at three datacenter sites with local energy suppliers, and partnered since 2022 in Belgium on EStor-Lux battery storage park (10 MW / 20 MWh) on a Kyndryl datacenter site in Bastogne.

sustainability_report p.28

Primary: Datacenter consolidation and workload migrationData confidence — high

Executing datacenter transformation strategy: consolidating legacy datacenters and moving IT workloads to more modern, efficient locations including cloud providers, with energy efficiency and renewable energy use as siting criteria. This was the primary driver of the 8% scope 1+2 (market-based) reduction and 12% scope 3 reduction in fiscal 2024.

sustainability_report p.27

Dependent: Supply chain engagement on scope 3 cat 1 and 2Data confidence — high

Scope 3 is the largest share of emissions. Identified high-impact suppliers contributing significantly to scope 3 cat 1 and 2; engaged with 90% of them in fiscal 2024 on net-zero strategy and supply chain decarbonisation. Uses EcoVadis platform — nearly 90% of requested suppliers completed/finalized assessments. Achieved CDP Supplier Engagement Rating 'A-' (Leadership tier).

sustainability_report p.47

Dependent: Employee commute data and reductionData confidence — high

Conducted employee engagement survey in early 2024 to improve commute emissions data quality and identify reduction opportunities for commute-based emissions.

sustainability_report p.29

Dependent: Customer-facing sustainability services (Customer Zero)Data confidence — high

Kyndryl Sustainability Advisor and Kyndryl Bridge enable customer GHG/energy/water visibility across hybrid multicloud landscapes. Example: customer cloud migration achieved 87% energy reduction and elimination of market-based GHG emissions; AI-driven cooling setpoint control demonstrated 25% datacenter cooling improvement (~1.3 million kWh saved, 138 mtCO2e reduction).

sustainability_report p.43

2023· 33 events

Water consumption 30% reduction target by 2030Data confidence — high

Goal to reduce total water consumption in high water-stressed areas by 30% by 2030, against fiscal 2023 baseline.

sustainability_report p.31

75% reduction Scope 1+2 by 2030 (Abs 2)affects scope 1 co2eData confidence — high

Near-term SBTi-aligned target to reduce Scope 1 and 2 market-based GHG emissions by 75% by 2030 from a FY2023 base year of 318,329 tCO2e (S1+S2 market-based).

sustainability_report p.44

Net Zero 2040 target announced (all scopes)affects net zero target yearData confidence — high

In December 2022 (fiscal year 2023), Kyndryl announced a net zero GHG emissions goal by 2040 covering Scopes 1, 2, and 3, aligned with SBTi Net Zero Standard. In April 2023, committed to seeking SBTi validation.

sustainability_report p.49

100% renewable electricity target by 2030affects renewable electricity pctData confidence — high

Kyndryl committed to obtaining 100% of purchased electricity through renewable sources by 2030, starting from a 51% base in FY2023. Aligned with RE100 guidance.

sustainability_report p.47

Procurement of renewable electricity via RECs, GOs, I-RECs and retail green contractsData confidence — high

In FY2023, 51% of Kyndryl's purchased electricity came from renewable sources, aligned with RE100 guidance. Kyndryl procures renewables through unbundled EACs (US-RECs, REGOs, I-RECs) across the US, Europe (Germany, Denmark, Finland, France, Greece), and Brazil, as well as retail green supply contracts and EACs purchased by landlords. Kyndryl is developing a renewable energy sourcing strategy to reach 100% renewable electricity by 2030, aligning energy purchasing programs with SBTi.

sustainability_report p.48

Primary: Scope 1 and 2 absolute reduction via SBTi-aligned near-term target (75% by 2030)Data confidence — high

Kyndryl's near-term Abs 2 target commits to a 75% reduction in market-based Scope 1 and 2 emissions by 2030 from a FY2023 base of 318,329 tCO2e. Key levers are renewable energy procurement and energy efficiency at data centre and office operations. Kyndryl also explores alternative fuel options to reduce reliance on fossil fuels and has ISO 14001 and ISO 50001 certifications in process.

sustainability_report p.39

FY2023 emissions and energy restatedData confidence — high

In late March 2025, total market-based and location-based emissions for fiscal 2023 and 2024, purchased electricity for fiscal 2023 and total energy for fiscal 2023 values were updated to reflect methodology and data capture improvements.

sustainability_report p.26

100% IT e-waste diversion from landfills by 2030Data confidence — high

Goal to divert 100% of IT e-waste from landfills by 2030.

sustainability_report p.30

Launch of Kyndryl FoundationData confidence — high

In September 2023, launched Kyndryl Foundation, philanthropic arm supporting communities through grants. Inaugural grants announced March 2024 for 11 nonprofits in 7 countries.

sustainability_report p.80

Dependent: Customer decarbonisation enablement through IT sustainability servicesData confidence — high

Kyndryl offers IT sustainability services to help customers reduce their GHG footprint, including Sustainable Data Centre assessments, cloud migration (Microsoft Azure, Google, AWS) which can reduce energy usage by up to 85%, automation and AI-driven efficiency tools, and digitised workplace solutions. These services are available on the Kyndryl Bridge platform. Kyndryl is working to quantify and measure the environmental benefits of its services to customers, and this opportunity is identified as material with 'very likely' likelihood.

sustainability_report p.87

First-ever GHG baseline established (FY2023)affects scope 1 co2eData confidence — high

Kyndryl established its first carbon baseline in FY2023 (first year as independent company post-IBM spin-off in Nov 2021). No prior-year comparison data available. FY2023 is the base year for all targets.

sustainability_report p.52

No carbon removals planned at net-zero target year; tree-planting partnerships beyond value chainData confidence — high

Kyndryl has explicitly stated it does not intend to neutralize unabated emissions with permanent carbon removals at its 2040 net-zero target year. Beyond the value chain, Kyndryl has partnered with One Tree Planted, sponsoring the planting of over 90,000 trees globally to rebuild forests and restore biodiversity, but these are described as beyond-value-chain activities rather than formal removal credits used in the GHG inventory.

sustainability_report p.49

Primary: Business travel reduction and employee commuting managementData confidence — high

Business travel (32,429 tCO2e) and employee commuting (102,613 tCO2e) together represent a material share of Kyndryl's Scope 3 inventory and are explicitly included in the near-term 50% reduction target (Abs 1). Kyndryl's hybrid workplace strategy and digitisation of workplace processes aim to reduce employee commuting and onsite emissions. Business travel emissions are calculated using a hybrid supplier-specific and spend-based methodology.

sustainability_report p.33

First-time limited assurance on Scope 1, 2, and 3 emissionsData confidence — high

Kyndryl obtained third-party limited assurance (AICPA AT105 / ASAE3000) on Scope 1, location-based Scope 2, market-based Scope 2, and key Scope 3 categories (Cat 1-3, 5-7) for FY2023. 100% of reported emissions verified.

sustainability_report p.82

Primary: Data centre energy efficiency and footprint consolidationData confidence — high

Kyndryl is rationalising its portfolio of 240 data centres in over 50 countries through closure of older inefficient sites, consolidation into more efficient locations, and IT equipment refreshing (eliminating zombie/idle gear, replacing legacy hardware). Specific measures include cooling and airflow improvements (floor tile management, cold-aisle installations, CRAC right-sizing), IT workload virtualisation and consolidation, and lighting upgrades to LED. In FY2023, 161 implemented initiatives generated 2,112 tCO2e in annual savings and USD 1.09 million in monetary savings. Kyndryl participates in the EU Code of Conduct for Data Centre Energy Efficiency with 32 data centres accepted.

sustainability_report p.50

Dependent: Supply chain engagement via EcoVadis and RBA Code of ConductData confidence — high

Kyndryl focuses engagement on Tier 1 material suppliers representing approximately 90% of Scope 3 Category 1 and 2 emissions (total 448,825 tCO2e in FY2023). Suppliers are required to sign up to the Responsible Business Alliance (RBA) Code of Conduct, which mandates GHG reduction goals and public reporting. Kyndryl also collects supplier GHG data and targets through the EcoVadis platform and is building an education programme encouraging suppliers to commit to their own net-zero goals.

sustainability_report p.86

50% reduction enterprise-wide (Scopes 1+2+3) by 2030 (Abs 1)affects scope 3 co2eData confidence — high

Near-term SBTi-aligned target to reduce total Scope 1, 2, and 3 emissions by 50% by 2030 from a FY2023 base year of 1,043,900 tCO2e.

sustainability_report p.36

Committed to SBTi Net Zero Standard validationData confidence — high

In April 2023, Kyndryl announced formal commitment to validating GHG emission reduction targets through the SBTi Net Zero Standard.

sustainability_report p.20

100% renewable electricity by 2030affects renewable electricity pctData confidence — high

Goal to achieve 100% renewable energy by 2030, aligned with RE100 guidance.

sustainability_report p.24

Aligned ESG program with UN SDGsData confidence — high

ESG program aligned with UN SDGs 4, 7, 8, 9, 10, 12, 13, 17.

sustainability_report p.11

100% renewable electricity by 2030 (RE100-aligned)Data confidence — high

Kyndryl aims to source 100% renewable energy by 2030. In FY2023, 51% of electricity consumed globally came from renewable sources, aligned with RE100 guidance. The strategy includes developing a renewable energy sourcing strategy, aligning energy purchasing with SBTi, and establishing a baseline of renewable energy purchasing. Kyndryl enables annual generation of 18,000 MWh of solar through three solar arrays at its data centers via partnerships with local energy suppliers. Procurement uses contracts, GOs, and RECs.

sustainability_report p.24

Dependent: Supply chain engagement on Scope 3 emissionsData confidence — high

Building out a roadmap for scope 3 emissions, including evaluating and engaging with suppliers and alliance partners to facilitate sustainable practices, encouraging largest suppliers to commit to their own net zero goals. Suppliers required to sign RBA Code of Conduct, which mandates setting GHG reduction goals and reporting scope 1+2 emissions. Purchased goods and services represent 53.8% of Scope 3 (largest category at 390,206 mtCO2e).

sustainability_report p.22

Net zero GHG by 2040 commitmentaffects scope 1 co2eData confidence — high

In December 2022, Kyndryl announced commitment to net zero GHG emissions by 2040, with near-term 2030 targets: 75% reduction in scope 1+2, 50% reduction in overall GHG including scope 3, and 100% renewable electricity.

sustainability_report p.20

100% e-waste diversion target by 2030Data confidence — high

During FY2023, 93.4% of e-waste diverted from landfills, with plan to divert 100% by 2030.

sustainability_report p.26

First-time limited assurance on GHG emissionsData confidence — high

First-time external limited assurance: PwC on Scope 1/2 and ERM CVS on Scope 3 categories 1-3, 5-7.

sustainability_report p.80

EcoVadis Silver ratingData confidence — high

Kyndryl received EcoVadis Silver rating, in the top 25% of all participating organizations and top 15% of industry. Environmental score in top 9%.

sustainability_report p.11

FY2023 established as GHG baseline yearaffects scope 1 co2eData confidence — high

Kyndryl published greenhouse gas baseline emissions for the first time with limited third-party assurance in FY2024, using FY2023 (ending 03/31/2023) as the base year for all SBTi targets. Base year Scope 1 = 37,316 tCO2e, Scope 2 market-based = 281,013 tCO2e.

sustainability_report p.96

Primary: Real estate and data center footprint consolidationData confidence — high

Consolidating and modernizing legacy real estate and data center footprints to ensure utilization of real estate portfolio is optimized. This is a key lever in Kyndryl's GHG Emission Reduction Pathway to net zero by 2040.

sustainability_report p.22

Dependent: Cloud migration and customer IT decarbonisation servicesData confidence — high

Through Kyndryl Bridge, Kyndryl Consult and SustainabilityOps, Kyndryl helps customers migrate workloads to cloud (AWS, Azure, Google Cloud), reducing energy usage by as much as 85% (per S&P Global). IT Sustainability Assessment quantifies energy/GHG of customer IT landscapes. Case example: Seino Transportation achieved 66% reduction in data center air conditioning power consumption.

sustainability_report p.31

30% water reduction target in high water stress areas by 2030affects water consumption m3Data confidence — high

Plan to reduce water consumption in high water stress areas by 30% by 2030.

sustainability_report p.26

First baseline GHG inventory across Scope 1, 2 and 3affects scope 3 co2eData confidence — high

Kyndryl developed first GHG baseline inventory as independent company, including scope 1, 2 and scope 3 categories 1-7. Categories 8-15 mostly excluded or rolled up into other categories.

sustainability_report p.21

Primary: Data center energy efficiency and PUE optimizationData confidence — high

As of report date, Kyndryl operates 230+ data centers in 54 countries. The strategy includes measuring/optimizing PUE (FY2022 weighted average 1.8; 1.7 for EU Code of Conduct sites), virtualizing IT hardware, improving cooling/airflow through software, AI and automation, and refreshing/modernizing hardware. Since launch in 2021, Kyndryl has reduced data center energy consumption by over 16,000 MWh (~6,000 mtCO2e) through 350+ projects, yielding $4M cumulative savings.

sustainability_report p.23

Primary: Employee commuting and business travel reductionData confidence — high

Employee commuting represents 14.1% of Scope 3 (102,613 mtCO2e) and business travel 4.5% (32,429 mtCO2e). Kyndryl is educating and engaging employees on net zero strategy, with hybrid office strategy and digital workplace solutions to reduce commuting emissions. Mission Net Zero training available in 19 languages; 400+ Kyndryls trained as Carbon Literate via Carbon Literacy Trust.

sustainability_report p.63

2022· 7 events

100% renewable purchased electricity by 2030affects renewable electricity pctData confidence — high

Committed to obtaining 100% of purchased electricity through renewable sources by 2030, aligned with RE100 guidance.

sustainability_report p.24

100% renewable electricity target by FY2030affects renewable electricity pctData confidence — high

Kyndryl set a target to obtain 100% of purchased electricity from renewable sources by 03/31/2030, with a base year renewable share of 50.7% (FY2023). In FY2024, the annual milestone of 51% was achieved (51.4%).

sustainability_report p.297

Net-zero by 2040 announcedaffects net zero target yearData confidence — high

Kyndryl announced goal to achieve net-zero GHG emissions across scopes 1, 2 and 3 by 2040, with near-term target to reduce absolute scope 1, 2 and 3 GHG emissions 50% by fiscal 2030 from a fiscal 2023 base year; scope 1+2 75% reduction by 2030.

sustainability_report p.40

Spin-off from IBM as independent companyData confidence — high

Kyndryl became an independent public company in November 2021. This is the first annual Corporate Citizenship Report.

sustainability_report p.4

SBTi near-term target set: 50% reduction by 2030affects scope 3 co2eData confidence — high

Kyndryl set a near-term science-based target on 12/08/2022 covering Scope 1, 2 and Scope 3 categories 1, 2 and 3 with a 50% overall reduction and 75% Scope 1+2 reduction vs FY2023 baseline by 03/31/2031. Target validated by SBTi August 2024.

sustainability_report p.293

SBTi net-zero target set for 2040affects net zero target yearData confidence — high

Kyndryl set an organization-wide net-zero target covering Scope 1, 2 and 3 by 03/31/2040 on 12/08/2022. Validated by SBTi August 2024 (Net-Zero Approval Letter 14 August 2024).

sustainability_report p.299

SBTi near-term and net-zero targets setaffects scope 1 co2eData confidence — high

Kyndryl set SBTi-validated near-term target (50% reduction of Scope 1+2+3 by 2030 vs FY2023 base) and net-zero target (by 2040) covering Scope 1, 2, and Scope 3 categories 1, 2, 3. Both targets approved by SBTi on 14 August 2024.

sustainability_report p.460