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CASE STUDY
Company Introduction
Facebook is an American online social media and social networking service owned by Facebook, Inc. Founded in 2004, Facebook’s mission is to give people the power to build community and bring the world closer together. People use its apps and technologies to connect with friends and family, to further embrace their communities, and to help them expand their businesses. Powered by its data centres around the world, its data powerhouses and all of its offices are supported by 100% renewable energy.
Climate Actions
In 2020, Facebook announced its ambitious target called “Reach net-zero greenhouse gas (GHG) emissions across its value chain in 2030”, based on the science-Based Targets initiative (SBTi).
Renewable energy for operations has long been one of the most essential aspects that Facebook has adopted to “green” its operations and lower operational emissions. It aims at making the operations of all facilities 100% supported by renewable energy. In addition, Facebook not only cares about its own emissions within its organisational boundary, but also focuses on the sustainability of its value chain, by exploring practical approaches to minimising emissions throughout its offices and data centres. Facebook has integrated the Circularity concept into its buildings, server hardware and products. The level of suppliers in energy efficiency and environmental performance is also emphasised by Facebook, which seeks to partner with its suppliers in data transparency through reporting and energy assessments for improvement in the future.
Facebook’s perception towards carbon offsets is unique, which believes that “investment in these types of offsets has a very important role in mitigating climate change and are critical from a biodiversity perspective, but its net-zero goal still aims to remove its emissions rather than offset their effects”.
In terms of the identification and management of relevant climate-related risks and opportunities, Facebook executes assessments using models and potential risk scenarios, including a business-as-usual pathway (RCP 8.5). According to its 2020 carbon footprint profile, Purchased Goods & Services topped the list of all sources of Scope 3 GHG emissions, followed by Capital Goods, Business Travel, Others, Employee Commuting and Fuel & Energy Related Activities sequentially.
ESG Case Study on Facebook (1 CPD Hour)
For detailed and complete information, please refer to Page 13 – 16 of Facebook 2020 Sustainability Report.
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