Okta Announces Commitment to 100% Renewable Electricity
Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today at Oktane21, committed to achieving 100% renewable electricity for its global real estate footprint by 2022. The company's commitment marks a critical step in Okta's journey to reduce greenhouse gas (GHG) emissions and take long-term action on climate change. Watch all of Okta's announcements at Oktane21.com.
"Climate change adversely impacts all of us, and every company has a role to play in curbing its most dangerous effects. For Okta, addressing energy usage for our offices is the right first step, but this is just the beginning of a long-term commitment to climate action," said Todd McKinnon, Chief Executive Officer, and co-founder, Okta. "As we address Okta's footprint, we will also look to collaborate with our customers, partners, and communities to drive even more change. We all need to act with the urgency our planet demands."
In recognition of the imperative of climate action and the important role businesses must play in addressing the planet's urgent needs, along with Okta's aim to achieve 100% renewable electricity for its global real estate footprint by 2022, the company is committing to the following:
Okta continues to do its part to address climate change. In FY21, Okta purchased renewable energy certificates (RECs) equivalent to 100% of its North American office electricity consumption. Okta purchased RECs from the California Bright Schools solar program, which helps to realize the most cost-effective energy-saving opportunities, supports renewable energy education and the installation of solar on schools across the state, and provides an additional revenue stream to support school district operations. Okta's support of California Bright Schools is consistent with its approach to embark on projects with both positive environmental and social impacts.
Also, Okta released the results of its emissions inventory, which revealed the majority of its current emissions are from sources including cloud services, data centers, and business travel. Okta employs third-party cloud infrastructure to host our digital products and services and does not own or operate any colocation data centers. Its cloud storage provider currently sources more than 50% renewable energy and has publicly committed to increasing this to 100% by 2025. Okta's next phase of climate work will explore how to reduce emissions in these areas.
Okta launched its environmental, social and governance (ESG) program in May 2020. The ESG and Sustainability program is under the oversight of the Board of Directors' Nominating and Corporate Governance Committee. It is led by a cross-functional ESG Committee and subject-matter experts. Okta also recently hired a full-time ESG and Sustainability Director.
To learn more about this announcement and all of Okta's innovations, register and participate in our completely free, virtual conference by visiting Oktane21.com.
Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential. More than 10,000 organizations, including JetBlue, Nordstrom, Siemens, Slack, T-Mobile (News - Alert), Takeda, Teach for America, and Twilio, trust Okta to help protect the identities of their workforces and customers.