GHG Emissions Data
We Are Committed to Environmental Sustainability
We are committed to operating in an environmentally responsible manner in accordance with our core values and our status as a Public Benefit Corporation. Our Environmental Policy and our environmental management system (EMS) outline our commitment to continuous improvement in regard to pollution and emissions reduction, energy and water efficiency, waste reduction, tracking the effectiveness of our environmental sustainability program, and meeting or exceeding applicable environmental laws and regulations.
As part of our commitment to environmental sustainability, we track and disclose our full greenhouse gas (GHG) emissions in accordance with the GHG Protocol. We have identified, calculated, and disclosed all relevant emissions categories within Scope 1, Scope 2, and Scope 3 emissions*. In line with the commitments of our EMS, we will use our baseline year of fiscal year 2023 (beginning February 1, 2022 and ending January 31, 2023) to develop our improvement plan and emissions reduction targets which we have committed to have validated by the Science Based Targets initiative (SBTi).
For the fiscal year of 2023, Veeva Systems generated 41,769 metric tons (MT) of GHG emissions in CO2e (location-based) and 41,586 MT CO2e (market-based). Scope 3 makes up the majority of emissions with 41,310 MT CO2e, followed by Scope 2 (location-based) with 247 MT CO2e and Scope 1 with 213 MT CO2e. External verification of these results can be found here (Scopes 1 & 2) and here (Scope 3).
Breakdown of FY2023
emissions by Scope
Breakdown of Scope 3
emissions by category†
Data as of January 2023. *Corporate GHG emissions are grouped into three ‘scopes.’ Scope 1 emissions are direct GHG emissions from operations that are owned or controlled by the reporting company. Scope 2 emissions are indirect emissions from the generation of purchased energy consumed by the reporting company. Scope 3 emissions are all other indirect emissions (not included in Scope 2) that occur in the value chain of the reporting company.