IBM receives 2018 Climate Leadership Award for GHG Management -- Goal Achievement

2 Mar 2018 -- IBM received a 2018 Climate Leadership Award for Excellence in Greenhouse Gas Management -- Goal Achievement from the Center for Climate and Energy Solutions (C2ES) and The Climate Registry (TCR), in partnership with Bloomberg Philanthropies. This is the second time we have been recognized with an award in the Goal Achievement category and the sixth time we have won a Climate Leadership Award in the Award's seven-year history.

The Excellence in Greenhouse Gas (GHG) -- Goal Achievement award recognizes organizations that publicly report and verify organization-wide GHG inventories and achieve publicly-set aggressive GHG emissions reduction goals.

We earned this year's award for exceeding our third-generation GHG emissions reduction goal. IBM set an absolute GHG reduction goal of 35 percent from 2005 to 2020, adjusted for acquisitions and divestitures. This goal represented an additional 20 percent reduction over what we achieved under our second-generation goal covering 2005 to 2012. IBM's 2016 GHG emissions were reduced by 38.1 percent versus the 2005 baseline, surpassing our goal four years early.

Achieving this GHG emissions goal required a 2.3 percent per year absolute reduction in the GHG emissions over the period of the goal. According to the Intergovernmental Panel on Climate Change, keeping global temperature rise below 2 degrees Celsius requires an 80 percent reduction in global GHG emissions from 2010 to 2050, which translates into a 2 percent per year reduction. IBM exceeded the 2 percent benchmark in meeting its goal.

In 2016, IBM contracted with its utility suppliers to purchase 783,000 megawatt-hour (MWh) of renewable electricity, above and beyond the amount we received from grid purchases. This was equivalent to 21.5 percent of IBM's global electricity consumption, exceeding the goal to purchase 20 percent of the electricity IBM consumes from renewable sources by 2020. These purchases represented a 19 percent year-to-year increase, and avoided 300,000 metric tons of GHG emissions. Including electricity that came from renewable generation sources in the electricity supply grid, over 40 percent of IBM's electricity use in 2016 was generated from renewable sources.

"IBM is humbled to receive its sixth Climate Leadership Award from the Center for Climate and Energy Solutions and The Climate Registry," said Wayne Balta, vice president, Corporate Environmental Affairs and Product Safety. "This cherished recognition reinforces to our employees just how much the results of their work are valued by learned professionals who dedicate their life's work to protecting the Earth's climate. It inspires us to build even further upon the work IBM has pursued across the last three decades."

The Climate Leadership Award is a national program that honors exemplary corporate, organizational, and individual leadership in reducing carbon pollution and addressing climate change in their operations and strategies.

"Each of the 2018 Climate Leadership Award winners have shown incredible foresight in leading the way to a more sustainable future," said C2ES President Bob Perciasepe. "It's the commitment of these business and community leaders who are blazing the trail for those seeking to address the risks of climate change and take advantage of the opportunities of a clean energy economy."

IBM received five Climate Leadership Awards previously and was the first recipient to win an award in each of the four award categories recognizing individual organizations, including: