Financial information and analytics provider FactSet announced today a series of climate commitments, including establishing a target to reach net zero emissions by 2040 and pledging to set a near-term emission reduction goal aligned with the Science Based Targets Initiative (SBTi).

SBTi is one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of addressing and limiting climate change. Last year, the organization launched its Net Zero Standard, setting stringent criteria which it will use to assess and certify corporate commitments to achieve net zero emissions. SBTi also tightened its criteria for approved climate targets, announcing that it will soon only accept targets aligned with its 1.5°C warming ambition, as required to avoid the worst impacts of climate change.  

The new commitments follow Factset’s launch of other climate initiatives, including the recent creation of its sustainability plan and the establishment of a Sustainability Committee to execute its strategy.

Phil Snow, Chief Executive Officer at FactSet, said:

“Committing to the SBTi is another step for FactSet to make a positive difference for our planet and the communities we serve. We are proud of the sustainability initiatives we have accomplished to date and are pleased to have an opportunity to advance our action in the fight against climate change and our goals for a decarbonized future.”