Adobe Inc.

RATING

SECTOR

Technology

WEBSITE

CONTACT

345 Park Avenue San Jose
CA 95110-2704
United States

STOCK EXCHANGE

LISTING

  • Dow Jones Sustainability Index 
  • CDP A List 2019 – 4th Consecutive year
  • Fortune’s Best Workplaces for Diversity – 2019 list
  • RE100 Climate group
  • Part of Science Based Targets initiative

EMPLOYEES

22,634

CHIEF SUSTAINABILITY OFFICER

Vince Digneo

AWARDS

  • NCMEC’s 2019 Hope award

CONTENT SOURCE

FURTHER READING

Report created by Katerina Vargova

Adobe Inc.

SECTIONS :  Sustainability    Evaluation  •  Progress  •  Watch  •  Overview

Company Activity

Adobe is the global leader in digital media and digital marketing solutions. According to Adobe, their “creative, marketing and document solutions empower everyone – from emerging artists to global brands – to bring digital creations to life and deliver immersive, compelling experiences to the right person at the right moment for the best results.” In short, Adobe is everywhere, and they’re changing the world through digital experiences.

Adobe Systems, Inc. engages in the provision of digital marketing and digital media solutions. It operates through the following segments: Digital Media, Digital Marketing, and Print and Publishing.

  • The Digital Media segment offers creative cloud services, which allow members to download and install the latest versions of products, such as Adobe Photoshop, Adobe Illustrator, Adobe Premiere Pro, Adobe Photoshop Lightroom and Adobe InDesign, as well as utilize other tools, such as Adobe Acrobat.
  • The Digital Marketing segment offers solutions, including analytics, social marketing, targeting, media optimization, digital experience management, and cross-channel campaign management, as well as premium video delivery and monetization.
  • The Print and Publishing segment offers legacy products and services for eLearning solutions, technical document publishing, web application development, and high-end printing.

Company Sustainability Activity

Adobe established their 100% renewable energy goal years ago, making RE100 commitments and joining the Science-based Targets initiative with verified goals. Adobe advocates for local, regional, and federal policies to decarbonize and modernize its grids and open them up to renewable energy. And Adobe plans to reach their goal without purchasing any unbundled renewable energy credits or carbon offsets.

Highlights

  • 45% women and people of colour on Adobe Board
  • 70% of employee CSR participation
  • $49.1 million invested in communities
  • 4x more renewable electricity deployed
  • 7,1% decrease in overall Scope 1 and Scope 2 market-based emissions

Targets

  • Achieve 100% renewable energy in business
  • Decarbonizing their grids through policy advocacy
  • According to Adobe’s partnership with Science Based Targets: Adobe commits to reduce absolute scope 1 and 2 emissions 25% by 2025 from a 2015 base-year. Adobe also commits to reduce scope 3 business travel emissions per employee 5% by 2025 from 2015 levels and reduce scope 3 Fuel and Energy Related Emissions per square foot by 15% over the same time period for its owned and managed facilities.

Progress

Energy Use and Emissions

  • 7.1% decrease in overall Scope 1 and 2 emissions
  • 21% reduction in energy use intensity across Adobe workspaces from FY17
  • In 2017 and 2018, Adobe entered into two grid-scale power purchase agreements (PPAs) that brought them closer to reaching their RE100 goal. In March of 2017, Adobe signed a 2.5-megawatt grid-scale solar power purchase agreement for their Bangalore site.

People and Diversity

  • 33% of global employees are women
  • 10.2% of US employees are from an underrepresented minority population
  • 1:1 global gender pay parity
  • Opportunity parity initiative
  • Responsible Business Alliance Code of Conduct
  • In early 2019, Adobe announced Opportunity parity where they are examining fairness in promotions and horizontal movements across demographic regions.

Certificates

UN Sustainable Development Goals

UN SDGs Compliance

SDG 4

  • Adobe promotes dynamic and creative digital learning for people of all backgrounds through programs like Project 1324, and Adobe Digital Academy.
  • Aligns with SDG 4 – target 4.4: Through Adobe’s STEAM scholarships, helping NCMEC by providing technology and their Sundance ignite Program.

SDG 5

  • Adobe recognizes the existence of gender inequality in the economy, particularly within the technology industry. With Youth Coding Initiatives like Girls Who Code, Technovation, and Chicktech, Adobe provides opportunities for girls to engage with technology, giving them the tools to enter the technology space.

SDG 8

  • Through equal pay, employee diversity, Creativity Scholarships, Adobe Digital Academy, and other programs, Adobe is developing its employees future and promoting economic growth.

SDG 12

  • Adobe’s efforts to reduce their energy use intensity, Scope 1 and 2 emissions, waste diversion and shifting to renewable energy.
  • 98% of Adobe’s products are delivered digitally
  • 90% of waste is diverted
  • 78% of Adobe employees work in LEED or LEED-equivalent workspace

SDG 13

  • Adobe is committed to its target of 100% renewable energy by 2035 
  • Reducing operational costs and increasing productivity through thoughtful resource conservation and waste reduction
Secondary SDGs: 7, 11

Evaluation

Adobe has improved its activities for a sustainable future and has been a member of global rankings such as the Dow Jones Sustainability Index, RE100, and CDP A List for 4 consecutive years.

Adobe has many different initiatives – Sundance ignite Program, Girls Who Codes – that support Adobe’s commitment to the UN SDGs aimed to educate and inspire. They are compliant with the UN SDGs, transparent in their activities, and provide specific Key Performance Indicators. Adobe, therefore, receives a B rating for their commitment.

Outlook: Neutral

Although Adobe’s commitment to sustainability lies mostly in the energetic sector, it still has high energy consumption. In 2019 Adobe consume over 221,000 MWh of which 25.2% was renewable energy. Adobe is lowering its greenhouse gas emissions, but mostly in Scope 2. Scope 1 and Scope 3 emissions are higher than they were in 2017.

Adobe started its way to a sustainable future and if it succeeds to mitigate Scope 1 and 3 emissions it can receive a positive outlook or move higher in ratings. For now, the outlook is neutral.

Key Points

  • Adobe is a practitioner of ambitious goal-setting as 100% renewable energy goal.
  • The software company was able to reduce its carbon emissions per employee by 25% in 2018, even when it had a 19% increase in employees due to some big acquisitions.
  •  7.1% decrease in overall Scope 1 and Scope 2 market-based emissions
Share this Post