Iress Limited is an Australian-based company that operates in the Data & Analytics sector. The company provides software solutions to financial services companies, including banks, wealth management firms, and insurance companies. Iress Limited was founded in 1993 and has since grown to become a leading provider of financial technology solutions in Australia, New Zealand, Canada, and the United Kingdom.
As a company that operates in the financial services industry, Iress Limited recognizes the importance of decarbonization and the transition to renewable energy. The company has taken steps to reduce its carbon footprint and promote sustainability in its operations. Iress Limited has set a target to reduce its carbon emissions by 50% by 2030 and has implemented a number of initiatives to achieve this goal.
One of the initiatives that Iress Limited has implemented is the use of corporate power purchase agreements (PPAs) for renewable energy. A corporate PPA is a contract between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy from the provider at a fixed price over a specified period of time. By using corporate PPAs, Iress Limited is able to support the development of renewable energy projects and reduce its reliance on fossil fuels.
In 2019, Iress Limited signed a corporate PPA with a renewable energy provider in Australia. The agreement will see Iress Limited purchase 100% of the electricity generated by a wind farm in Victoria, Australia, for a period of ten years. This will enable Iress Limited to reduce its carbon emissions by approximately 2,500 tonnes per year, which is equivalent to taking 550 cars off the road.
In addition to using corporate PPAs, Iress Limited has also implemented a number of other initiatives to reduce its carbon footprint. The company has installed solar panels on the roof of its Melbourne office, which generate approximately 10% of the office's electricity needs. Iress Limited has also implemented energy-efficient lighting and heating systems in its offices and has encouraged its employees to reduce their energy consumption through a range of initiatives, including the use of video conferencing instead of travel.
Iress Limited has also implemented a number of initiatives to promote sustainability in its supply chain. The company has developed a supplier code of conduct, which requires its suppliers to comply with environmental and social standards. Iress Limited also works with its suppliers to identify opportunities to reduce their carbon footprint and promote sustainability in their operations.
In addition to its sustainability initiatives, Iress Limited is also committed to promoting diversity and inclusion in its workforce. The company has developed a diversity and inclusion strategy, which includes a range of initiatives to promote diversity and inclusion in its recruitment, retention, and promotion practices. Iress Limited has also established a diversity and inclusion council, which is responsible for overseeing the implementation of the company's diversity and inclusion strategy.
Overall, Iress Limited is a company that is committed to promoting sustainability and reducing its carbon footprint. The company has implemented a range of initiatives to achieve these goals, including the use of corporate PPAs for renewable energy, the installation of solar panels, and the implementation of energy-efficient systems in its offices. Iress Limited is also committed to promoting diversity and inclusion in its workforce, and has developed a range of initiatives to achieve this goal.