Intuit

Business Context

• Intuit technologists are building an AI-driven expert platform that unlocks financial opportunities for approximately 100 million customers around the world.
• In 2024, Intuit reported total carbon emissions of approximately 675,148,000 kg CO2e, comprising 3,800,000 kg CO2e from Scope 1, 18,152,000 kg CO2e from Scope 2, and 655,148,000 kg CO2e from Scope 3 emissions.
• Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.

Commitments

• In 2023, we declared a set of near- and long-term science-based net-zero targets, validated by the Science-based Targets Initiative (SBTi), to chart a course for our net-zero future by FY40, sooner than the Paris Agreement recommends.
• In addition to the 2040 net zero goal, Intuit announced a series of interim targets, including reductions of Scope 1 and 2 emissions by 42% by 2030, and a commitment to have 80% of suppliers, measured by emissions covering purchased goods and services, have science-based targets by 2027.
• Since 2020, we're proud that 100% of our total global electricity is procured from renewable resources.

Energy Strategy

A minimal direct procurement footprint anchored by a single 2020 wind VPPA, supplemented by unbundled RECs and community solar partnerships to maintain 100% renewable electricity claims.

• 2020 Mesquite Star Wind VPPA with Clearway Energy Group delivered 10 MW over 12 years, enabling the company to reach its 100% renewable electricity goal a decade early.
• In FY24 we reduced our scope 1 and scope 2 market-based emissions by approximately 19% from an FY22 baseline.
• No tracked utility-scale deals since 2020; the company has pivoted toward community solar and supplier engagement programs rather than large corporate PPAs.
• With Scope 3 representing 97% of total emissions, energy procurement plays a limited role compared to supply chain decarbonization efforts targeting 80% supplier SBTi adoption by 2027.