New Relic sets science-based targets for net-zero by 2030
New Relic has announced the approval of its near-term science-based targets (SBTs) by the Science Based Targets initiative (SBTi) as part of its goal to achieve net-zero greenhouse gas emissions by 2030.
With its targets now verified, New Relic joins over 7,000 companies adopting science-supported emissions targets, contributing to the global transition towards a net-zero economy. The company's commitment reflects its dedication to employing climate science in addressing its environmental footprint.
Thomas Lloyd, New Relic's Chief Business and Operations Officer, stated, "We are proud to make progress alongside our customers and partners who are also committing to science-based targets and consider it essential when choosing their technology providers. On top of our work setting science-based targets, we are the only observability company to set a net-zero emissions by 2030 goal. Through these efforts, we are doing our part to slow climate change and pave the path toward decarbonization."
New Relic has outlined several science-based targets to reduce emissions across its operations and supply chain. This includes reducing absolute scope 1 greenhouse gas (GHG) emissions by 42% from a fiscal year 2020 base year by 2030, and maintaining 100% renewable electricity sourcing annually through 2030. Additionally, the company aims to reduce absolute scope 3 GHG emissions from business travel by 51.7% per employee within the same timeframe.
The company is also addressing wider scope 3 emissions within its value chain by ensuring that by 2029, 64.7% of its suppliers of purchased goods, services, and capital goods have approved science-based targets in place.
New Relic reiterated that it remains the sole observability company committed to the goal of achieving net-zero emissions by 2030. This commitment, made in March 2023, aligns with the 2015 UN Paris Agreement goal to limit global warming to 1.5°C. The company hopes to motivate other industry peers to contribute towards reducing global GHG emissions and fostering a zero-emissions economy.
A significant aspect of New Relic's decarbonisation strategy has been reducing emissions from its cloud operations, which made up 48.9% of its total emissions in 2024. To tackle this, New Relic transitioned workloads from on-premises data centres to Amazon Web Services (AWS) in 2023, resulting in a 37% reduction in carbon emissions for those workloads and a performance efficiency improvement of 15-20%.
The New Relic Intelligent Observability Platform helps businesses eliminate interruptions in digital experiences. New Relic is the only AI-driven platform to unify and pair telemetry data to provide clarity over your entire digital estate. The company is focused on moving problem solving past proactive to predictive by processing the right data at the right time to maximise value and control costs.
