Jacobs

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

Carbon per FTE (full-time-equivalent employee) — the diagnostic measure for people-leveraged businesses where headcount, not capital, drives delivery. Captures the office, energy and travel footprint per person.

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• · berkeley_voluntary_registry

Jacobs has maintained 100% low-carbon electricity across its operations as part of its climate action commitments under PlanBeyond. Purchasing low-carbon electricity is a core strategy alongside reducing fuel consumption and lower-carbon travel decisions, supporting SBTi-validated net zero targets across Scopes 1, 2 and 3 by 2040.

Jacobs purchases and cancels carbon credits annually to maintain its PAS 2060:2014 carbon neutrality commitment covering Scope 1, Scope 2 (market-based) and Scope 3 WTW business travel. In FY23, Jacobs procured 96,898 tCO2e from seven projects across China, India, Colombia, Kenya and Pakistan, verified under VCS or Gold Standard. Project types included improved grassland management and tidal wetland restoration (carbon removal), plus methane avoidance, waste management, clean cookstoves and afforestation. For the SBTi net-zero 2040 target, Jacobs intends to neutralize residual emissions (after 90% reduction) with permanent carbon removals including blue carbon, biochar, enhanced rock weathering, and technology-based carbon capture and storage.

• Business travel reduction via data-driven platforms

  Jacobs uses data-driven platforms to inform lower carbon travel decisions and emphasizes carbon reduction strategies with its people. Business travel visibility has been elevated as an important business performance metric supported by enhanced sustainability data governance.

• Office and operational fuel consumption reduction

  Jacobs is systematically reducing its carbon footprint by reducing fuel consumption across its operations, alongside purchasing 100% low-carbon electricity. Focus on minimizing waste, leveraging internal resources, and circular practices is embedded in offices and culture.

• Business travel reduction (largest emissions category)

  Business travel is Jacobs' single largest emissions category at 50,695 tCO2e in FY24 (well-to-wheels including radiative forcing under Advito's ISO-certified GATE4 methodology). Reduction from the FY19 baseline of 91,022 tCO2e reflects post-pandemic travel patterns and is core to delivering the SLB SPT1 70% reduction target by FY29.

• Employee commuting reduction

  Employee commuting (well-to-wheels) totalled 17,131 tCO2e in FY24, down from 65,897 tCO2e in FY19, reflecting hybrid working patterns. Captured under the SLB SPT1 boundary alongside business travel and upstream fuel.

• Office operations (Scope 1) management

  Scope 1 emissions were 15,342 tCO2e in FY24, broadly flat versus the 15,814 tCO2e FY19 baseline, reflecting limited operational fuel use for a professional services firm whose footprint is dominated by offices.

• Scope 2 market-based electricity decarbonisation

  Market-based Scope 2 emissions fell from 37,271 tCO2e in FY19 to 1,735 tCO2e in FY24 — a >95% reduction — indicating substantial procurement of renewable electricity / energy attribute certificates across Jacobs offices.

• Fleet electrification and emissions reduction program

  Jacobs' fleet vehicles (mobile combustion) are its largest Scope 1 source. The strategy to decarbonize fleet includes promoting broader use of electric vehicles (EVs), increasing hybrid and EV numbers in the fleet, improving fuel consumption data with telematics, and increasing availability of electric charging stations at office locations. Jacobs has committed to achieve at least 20% electric vehicles in its North American fleet by 2030. Fleet mobile combustion emissions were 15,161 tCO2e in FY23, up from 14,218 in FY22 due to post-COVID return to operations and fleet growth.

• Employee commuting reduction through hybrid work, EV infrastructure and behavioral engagement

  Jacobs' employee commuting target is a 50% absolute reduction by FY2030 from FY2019 (93,830 tCO2e baseline). FY23 commuting emissions of 33,576 tCO2e represent a 64% reduction from FY19, significantly ahead of target, primarily due to sustained hybrid and remote work. Commuting estimates account for work-from-home frequency based on generalized office utilization rates. Jacobs is partnering with an external software vendor to encourage alternate commuting habits and increasing EV charging station availability at offices.

• Office energy reduction and real estate portfolio consolidation (Future of Work)

  Jacobs is consolidating and closing offices through its multi-year Future of Work Rescale initiative, downsizing or closing 22 offices in FY23 alone, achieving estimated annual CO2e savings of 2,630 tCO2e and annual monetary savings of ~$10.6M. Energy data collection is being improved through requirements for submetering in leased space. Energy assessments and modelling at largest offices identify efficiency opportunities. Scope 2 electricity emissions dropped 16% in FY23 vs FY22 largely due to continued office consolidation, even as employee headcount and revenue grew.

• Business travel reduction via internal carbon pricing, digital technology and travel management partnerships

  Business travel is Jacobs' largest single source of carbon emissions. To drive reductions toward the SBTi target of 50% below FY19 by 2030, Jacobs introduced a $50/tCO2e internal carbon price on non-billable business travel from January 2022, with proceeds funding the Carbon Reduction Fund. Jacobs promotes digital technology use to avoid non-essential travel, implemented employee and manager travel dashboards, and partnered with Hertz, Enterprise, and Uber for Business to increase EV rentals and reduce rideshare emissions. A proprietary travel booking tool displays estimated carbon emissions for planned trips. FY23 business travel emissions of 77,347 tCO2e represent a 37% reduction from FY19, though up from post-COVID lows.

• Business travel reduction via internal carbon pricing, digital tools and travel policy

  Business travel is Jacobs' largest Scope 3 source and the focus of a near-term SBTi target (50% reduction by 2030 vs 2019). In January 2022, a $50/tCO2e internal carbon price was applied to all non-billable travel, charging each business unit and directing revenue to a Carbon Reduction Fund. A proprietary travel booking tool shows real-time carbon estimates per trip. Initiatives include employee dashboards tracking progress toward 50% reduction, partnerships with Hertz and Enterprise to increase EV rental availability, partnerships with Uber/Lyft for rideshare data, encouraging rail over air in Europe, and fuel-efficient travel routing. By FY22, business travel emissions had fallen 58% vs FY19 baseline (from 122,011 to 51,775 tCO2e), ahead of the 2030 target.

• Fleet vehicle electrification: 20% EV target in North American fleet by 2030

  Mobile combustion (fleet vehicles) is Jacobs' largest Scope 1 source, accounting for 14,218 tCO2e in FY22. Jacobs is implementing a phased replacement programme, substituting gasoline and diesel vehicles with hybrid and electric models. The North American fleet manager has committed to 20% electric vehicles (~400 vehicles) by 2030. As of FY22, 0.08% of the fleet is electric. New vehicles from 2022 include telematics for better fuel and mileage data collection. Pilots for light-duty truck EVs are underway. Between FY21 and FY22, mobile combustion fell 2,094 tCO2e (13%) due to vehicle efficiency improvements.

• Employee commuting reduction through hybrid working, EV charging and commuter engagement

  Employee commuting (27,833 tCO2e in FY22, down 70% vs FY19 base of 93,830) is targeted under the same SBTi Scope 3 Abs 1 goal as business travel (50% by 2030). Jacobs promotes hybrid work arrangements based on office utilization data, engages employees through training on EV adoption and low-carbon commute options, and is installing EV charging stations at office locations. StreetLight Data (acquired FY22) is being used to obtain granular commuting pattern data for US offices to improve estimate accuracy and design interventions. A global commuter survey supplements this effort.

• Office energy efficiency and real estate consolidation through Future of Work initiative

  Jacobs' 'Future of Work' initiative consolidates and downsizes the office portfolio, reducing Scope 1 (stationary combustion) and Scope 2 (purchased electricity and heating) emissions. In FY22, 18 offices were closed or consolidated, saving an estimated 3,364 tCO2e annually and $15.8M in P&L savings. Office energy modeling, audits, and efficiency measures are ongoing across the global portfolio. Green leases, net-zero buildings, and landlord arrangements to reduce fossil fuel use are pursued. Submetering requirements are being installed in leased space to improve data quality. By FY22, Scope 2 location-based emissions fell 22% vs FY21 and 38% vs FY19. This lever is constrained by the fact that most office space is leased and landlords control energy contracts.

• Supplier engagement on emissions reduction and climate resilience

  Jacobs supports its suppliers in identifying opportunities to reduce carbon emissions and be more climate resilient. The company screens suppliers to meet required standards including human rights due diligence and flows down client requirements/expectations to suppliers for alignment and scaled positive impact through sustainable procurement practices.

• Client solutions decarbonisation via Evolve and CarbonFirst

  Through proprietary AI-powered tools like Evolve and CarbonFirst, Jacobs embeds sustainability and decarbonization into the over 20,000 client projects it delivers annually in 40+ countries. Evolve is Jacobs' first end-to-end, enterprise-wide AI and sustainability tool, recommending customized sustainability commitments and enabling measurable impact across client solutions.

• Supply chain decarbonization: CDP Supply Chain engagement targeting 65% of suppliers with SBTs by FY2025

  Jacobs operates with ~20,000 global suppliers and targets 65% of indirect suppliers by spend having science-based targets by FY2025. As of FY23, 35% have set near-term SBTs (up from 9% in FY20), with another 20% committed to set targets within two years. Jacobs runs annual CDP Supply Chain engagement covering 83.8% of indirect spend, providing training, webinars and resources on GHG measurement and SBT-setting. Achieving 65% SBTs and 50% supplier emission reductions is expected to reduce purchased goods and services Scope 3 emissions by 30-40% from FY19 by FY30.

• Supplier decarbonisation engagement: 65% of suppliers by spend to have SBTs by 2025

  Purchased goods and services (27,651 tCO2e FY22) is identified as a top Scope 3 source. Jacobs joined the CDP Supply Chain programme in January 2021 for three years and engages its top 80% of indirect suppliers by spend. By FY22, 29% of suppliers by spend had set SBTs (up from 9% in 2020), with 16% more committed. Jacobs was named a CDP Supplier Engagement Leader in 2021 and 2022. Supplier prequalification requires climate disclosures covering energy, carbon, renewables, targets and reduction initiatives; non-compliant suppliers can be rejected. A 2022 updated Supplier Code of Conduct requires environmentally responsible practices. Milestone targets: 45% by 2023, 55% by 2024, 65% by 2025.

• Client climate solutions: making every project a climate response opportunity by FY24

  Jacobs' FY22-24 company strategy elevates Climate Response as one of three core growth accelerators, targeting 100% of client projects to have ESG scope by 2025. ESG-aligned revenue was approximately $7.7B in FY22 (~56% of total). The company has over 400 subject matter experts in low- and zero-carbon services and 16,000 practitioners in water, environment and energy sectors. Tools including Value Plus (FY22: 13.5Mt CO2e saved for clients), Climate Risk Manager, and Evolve (SDG tracking) operationalise this. In FY22, 12 Sustainability Leads were onboarded across operating units. The company's Business Management System requires all projects >$500K to prepare a Sustainability and Resilience Plan.