Press release

Intuit Accelerates Commitment to Reaching Carbon Reduction and Renewable Electricity Targets

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Intuit Inc. (Nasdaq: INTU), makers
of TurboTaxQuickBooks
and Mint, today announced it
has earned validation for its core sustainability targets from the
Science Based Targets initiative (SBTi). SBTi, a collaboration between
CDP, the United Nations Global Compact, World Resources Institute (WRI)
and the World Wide Fund for Nature (WWF), independently assesses and
validates corporate emissions reduction targets against the latest
climate science. Along with 200+ other companies that have verified
their goals with SBTi, Intuit has joined a global movement for corporate
climate action.

Intuit is on track to surpass three core sustainability goals—achieving
100% renewable electricity, reducing its carbon footprint of its
facilities by 80%, and reducing total operational footprint by 50%—more
than three times faster than originally projected when the company set
its goals in 2016.

“Intuit’s mission is to power prosperity around the world. Delivering on
that mission means leaving the world a better place than we found it,”
said Eileen Fagan, head of Corporate Responsibility at Intuit. “We take
pride in being stewards of the environment and champions of
sustainability. Our bold goals reflect Intuit’s ongoing commitment to
living out our mission.”

Innovation and design methodologies, woven into Intuit’s culture, have
been a driving force behind Intuit’s ability to drive impact beyond its
own operations, including its supply chain and customers. Intuit’s
sustainability programs include:

  • Purely Green: In 2018, Intuit introduced the Purely Green
    program, a partnership between Just Energy, RPD Energy and Intuit that
    enables Intuit to share its corporate wind power procurement in Texas
    with small business and residential customers at a discounted price.
  • Offsetting Employee Business Travel: Through select travel
    partners, Intuit reduces the negative impact of carbon emissions
    during business travel. Measuring and offsetting carbon emissions from
    employee travel is considered a reduction of Scope 3 emissions, which
    include indirect emissions such as business travel, employee commute,
    supply chain and customers.
  • Project Drawdown: Since 2015, Intuit has committed to becoming
    carbon neutral by purchasing carbon offsets to mitigate all of its
    direct and indirect greenhouse gas emissions. Intuit has partnered
    with Project Drawdown to support carbon offset projects that focus on
    not only preserving habitats that are environmentally sensitive, but
    also create an impact through small business growth, female
    entrepreneurship and community-based conservation.

“When we look at how our partners are leveraging our data and impact
projections, Intuit comes out on top,” said Dr. Jonathan
Foley, Executive Director of Project Drawdown. “We are working together
to combat the most pressing planetary needs, and Intuit has realized the
sweet spot of reducing its carbon footprint while staying true to its
mission of investing in small businesses and entrepreneurs.”

For more information about Intuit’s corporate responsibility and
sustainability initiatives, download its 2018
corporate responsibility report.

About Intuit

Intuit’s mission is to Power Prosperity Around the World. Our global
products and platforms, including TurboTaxQuickBooksMint and Turbo, are
designed to empower consumers, self-employed and small
businesses to improve their financial lives, finding them more money
with the least amount of work, while giving them complete confidence in
their actions and decisions. Our innovative ecosystem of financial
management solutions serves approximately 50 million customers
worldwide, unleashing the power of many for the prosperity of
one. Please visit us for the latest news and in-depth information about
Intuit
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