Global climate strategy and commitments

Kyndryl is committed to reducing greenhouse gas emissions and supporting the transition to a low-carbon economy across our operations in more than 60 countries. Our strategy addresses both physical and transition risks to helps us meet stakeholder expectations for climate resilience while continuing to support thousands of customers worldwide.

Our approach integrates climate-related adaptation and mitigation strategies and we track and monitor progress across our global operations to build long-term value that includes enhancing our ability to maintain IT infrastructure services for customers, partners, and internally during climate-related disruptions and a global transition to a low-carbon economy.

Science-based climate commitments and targets

In December 2022, Kyndryl Inc. announced a long-term goal to achieve net-zero GHG emissions by 2040 aligned with the Paris Agreement and the scientific recommendations of the IPCC to limit global warming to 1.5°C by achieving global net-zero GHG emissions by 2050. Near-term 2030 reduction targets, include:

• 50 percent reduction of absolute Scope 1, 2 and 3 emissions, from a fiscal 2023 base year
• 75 percent reduction of absolute Scope 1 and 2 emissions from a fiscal 2023 base year
• Reduction of absolute scope 3 emissions from purchased goods and services, capital goods, and fuel-and energy-related activities

Our net-zero science-based goal by 2040 and near-term targets were validated by the Science Based Targets initiative (SBTi), and we are committed to making absolute emissions reductions in line with SBTi guidance and requirements in the near- and long-term. Kyndryl’s near-term and long-term commitments to reaching net-zero include UK operations.

Delivering our strategy 

Our emissions reduction strategy focuses on reducing greenhouse gas emissions across our operations and value chain by implementing strategies that include:

• Consolidating, modernizing and refreshing legacy data centers and IT equipment
• Shifting and consolidating workloads to energy efficient sites and cloud platforms
• Implementing cooling and efficiency through AI and automation
• Improving renewable energy procurement — sourcing 100% renewable electricity by 2030

Measuring progress We report climate performance annually using internationally recognized greenhouse gas accounting standards. Progress is measured against our science-based targets using metrics that include greenhouse gas emissions, renewable electricity use and data centre energy efficiency. Environmental data is independently verified through limited assurance.