> Improving accuracy and visibility = improving footprint
Luana and Rachael came to GreenPlaces looking for more than just a carbon accounting tool– they were seeking a sustainability partner.
“We switched to GreenPlaces because we wanted to work with an expert team focused on sustainability. Zuora needed a partner, not just software. GreenPlaces goes beyond supporting our carbon accounting and helps us find ways to reduce our carbon footprint.” — Luana Wolk, Vice President, Head of Investor Relations & ESG at Zuora
For FY2023, the ESG team was focused on accuracy. Their initial 2022 footprint used 100% secondary data for Scope 2 emissions (utility and energy-based CO2e), and the team sought to improve accuracy of their data, reporting, and actions to reduce Scope 2 emissions. The cross-functional ESG team rolled up their sleeves, worked with their office property teams, partnered with GreenPlaces, and incorporated 60% more primary data in the form of actual energy usage data for Scope 2 emissions than the year prior. With sharper clarity on actual emissions across their largest office locations, their actual footprint reduced, they gained clarity on facilities committed to sustainable operations, and incorporated sustainability criteria (like use of renewables, water reduction strategies, etc.) into their ESG policies for leasing considerations.
In addition to producing an accurate understanding of its carbon footprint and working to directly reduce emissions where and when possible, Zuora is committed to responsible investments to balance their carbon portfolio. Zuora is carbon neutral (for the second year in a row!), and as of 2023, sources 100% renewable energy to power its global offices–subscribing to alternative energy sources with the biggest potential impact.
> Making major investments in climate innovation
Zuora recently launched the Sustainability Subscribed Accelerator program, in partnership with Village Capital, identifying startups using recurring revenue models to tackle climate change–fostering technology and ideas from retrofitting lamp posts into smart electric vehicle charging stations, to providing carbon savings accounts (CSA) to employees via HSA/FSA like structures. Zuora and Village Capital sent nine startups through the accelerator program and awarded a $50,000 grant to each of the two peer-selected companies.
Read more about Zuora’s ESG initiatives in their 2023 ESG Report.