NEW YORK, December 7, 2022 — Kyndryl Holdings, Inc. (NYSE: KD), the world’s largest IT infrastructure services provider, today announced a plan to achieve net zero carbon emissions by 2040. The commitment reinforces Kyndryl’s dedication to operating responsibly as it lays the groundwork for a more sustainable future.
“In our first year at Kyndryl as a newly independent company, we have made a strong commitment to sustainability,” said Kyndryl’s Chief Sustainability Officer, Faith Taylor. “We are building sustainability into Kyndryl’s foundation and leading with industry standards as we accelerate toward net zero.”
Kyndryl built its net zero goal in line with the scientific recommendations of the Intergovernmental Panel on Climate Change (IPCC) to reach net zero global carbon emissions by 2050 in order to limit global warming to 1.5 degrees Celsius. Kyndryl’s net zero commitment follows science-based frameworks and includes absolute reductions across scopes 1, 2 and 3 emissions. Its decarbonization plan aligns with the Company’s business strategies and includes consolidating legacy real estate and data center footprint to more sustainable infrastructures, increasing renewable energy use, and engaging with suppliers and alliance partners to use sustainable practices.
“The IT infrastructure services industry can play a critical role in the transition to a low-carbon economy,” said Global Head of Corporate Affairs, Una Pulizzi. “As the world’s leading provider of such services, we’re committed not only to driving progress toward Kyndryl’s decarbonization, but also to supporting our customers’ sustainability journeys.”
Kyndryl developed a model to integrate its business and sustainability strategies to deliver its carbon reduction commitment. On its to path to net zero in the short-term, Kyndryl commits by 2030 to the following:
· Reducing emissions for scopes 1 and 2, direct and indirect emissions, by 75%
· Achieving 50% reduction in carbon emissions across its global enterprise
· Obtaining 100% of purchased electricity through renewable sources
Kyndryl is leveraging its offerings to help customers reduce carbon emissions and improve the efficiency of their IT estates and business operations. These offerings include migrating Kyndryl’s customers to the cloud with key partners using renewable energy; digitizing the workplace supporting hybrid office strategy; and improving data center efficiencies and reducing energy consumption. Kyndryl has also rolled out a Green Guild program to drive employee engagement, develop customer solutions and support its carbon reduction commitment.
Kyndryl (NYSE: KD) is the world’s largest IT infrastructure services provider serving thousands of enterprise customers in more than 60 countries. The Company designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. For more information, visit www.kyndryl.com and www.kyndryl.com/sustainability.
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This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements concerning the Company’s plans, objectives, goals, beliefs, business strategies, future events, and other non-historical statements, including without limitation statements relating to the Company’s plan to achieve net zero carbon emissions by 2040, are forward-looking statements. Such forward-looking statements often contain words such as “will,” “anticipate,” “predict,” “project,” “contemplate,” “plan,” “forecast,” “goal,” “estimate,” “expect,” “intend,” “target,” “commit,” “may,” “should,” “would,” “could,” “seek,” “aim” and other similar words or expressions or the negative thereof or other variations thereon. Forward-looking statements are based on the Company’s current assumptions and beliefs regarding future performance.
The Company’s actual results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, risks related to impacts of relationships with critical suppliers; inability to attract and retain key personnel and other skilled employees; impact of local legal, economic, political, health and other conditions, including the COVID-19 pandemic; and adverse effects from tax matters and environmental matters. Additional risks and uncertainties include, among others, those risks and uncertainties described in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and may be further updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission. Any forward-looking statement in this press release speaks only as of the date on which it is made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements.