Ceridian Strengthens Climate Strategy with SBTi Commitment and Scope 3 Emissions Reduction Target
September 12 2023 - 8:00AM
Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital
management (HCM) technology, today announced it is furthering its
sustainability commitment with two new actions that demonstrate its
ambition to reduce its annual greenhouse gas (GHG) emissions in
line with the goals of the Paris Agreement and the best available
climate science.The first is a new target to reduce Scope 3
emissions intensity per revenue by more than 50% before 2030 from a
2019 baseline. For Ceridian, like most companies, Scope 3
emissions—also known as value chain emissions—are substantially
greater than those from its direct operations.
The second is a commitment to work with the Science Based
Targets initiative (SBTi) to validate this new Scope 3 target, its
existing Scope 1 and 2 emissions reduction target, and its ongoing
pledge to source 100% renewable electricity across its global
facilities. SBTi is a collaboration among CDP, the United Nations
Global Compact, World Resources Institute (WRI) and the World Wide
Fund for Nature (WWF).
“Recent heat waves, wildfires, and floods are the latest
reminders that climate change poses a dire threat to the health and
wellbeing of humanity on our planet,” said Jason Rahlan, Vice
President of Corporate Responsibility and Sustainability at
Ceridian. “Ceridian is fundamentally committed to doing its part to
help address the climate crisis, and today’s announcements reflect
the ongoing ambitions of our climate strategy.”
Recent highlights from Ceridian’s sustainability performance
include:
- Reducing its absolute Scope 1 and 2 emissions by 97% and Scope
3 emissions by 32% since 2019
- Reducing its physical footprint by over 400,000 square feet
since 2019
- Sourcing 100% renewable electricity across its operations
through high-quality energy attribute certificates (EACs) and
joining the U.S. EPA Green Power Partnership
- Furthering incorporating green leasing principles and other
environmental and health considerations in selecting office
space
- Developing its first-ever Environmental Sustainability
Policy
Ceridian reported its latest emissions data in its most recent
ESG Report and recently completed both its annual CDP Climate
Change questionnaire and Task Force on Climate-related Financial
Disclosures Index, which can be viewed in the Ceridian ESG
Reporting Hub.About Ceridian Ceridian. Makes Work
Life Better™.
Ceridian HCM Holding Inc. is a global human capital management
software company. Dayforce, its flagship cloud HCM platform,
provides human resources, payroll, benefits, workforce management,
and talent management functionality. The Dayforce platform is used
to optimize management of the entire employee lifecycle, including
attracting, engaging, paying, deploying, and developing people.
Ceridian has solutions for organizations of all sizes. Visit
Ceridian.com or follow us @Ceridian. Forward-Looking
Statement This press release contains forward-looking
statements that involve a number of risks and uncertainties.
Statements that are not historical facts, and our expectations,
hopes, intentions or strategies regarding the future are
forward-looking statements. Forward-looking statements are based on
management's beliefs, as well as assumptions made by, and
information currently available to, management. Because such
statements are based on expectations as to the future and are not
statements of fact, actual results may differ materially from those
projected. We undertake no obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
This press release should be read in conjunction with the risks
detailed in the “Cautionary Note Regarding Forward-Looking
Information,” “Forward-Looking Statement,” “Risk Factors” and other
sections of Ceridian’s Quarterly Reports on Form 10-Q, Annual
Reports on Form 10-K and other filings with the Securities and
Exchange Commission.
Media Contact: Nick de
Passnick.depass@ceridian.com(226) 972-5962
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