Managing and reducing risk in the supply chain
Reducing our impact and risk means making responsible choices regarding our vendors and providing solutions to customers that advance their sustainability goals. Check out our Vendor Code of Conduct to see the acceptable conduct we expect from all our suppliers. Since 2019, we established a Third Party Risk Management Office (TPRMO) and consolidated our vendor management system to the cloud using SAP Ariba Supplier Risk to carry out due diligence and monitor exposure to reputational, compliance, sustainability and operational risk.
Our information, analytics and expertise
For customers, sustainability can be a organizational imperative and driver for growth and innovation. Working with industry leaders or non-profit agencies - on both paid engagements and pro bono projects - we provide customer solutions that harness information, analytics and expertise to address sustainability challenges throughout organizations around the world.
Partnership with Mastercard to launch the Priceless Planet Coalition
IHS Markit partners with Mastercard in launching the Priceless Planet Coalition to engage both customers and corporations in sustainability and climate action. Along with other founding partners including Citibank, Santander UK and American Airlines, the Coalition commits to planting 100 million trees in the next 5 years. One early Coalition initiative will award consumers with the planting of trees for using public transportion. Another initiative allows Mastercard's corporate card customers to contribute to the Coalition's forest initiatives.
For IHS Markit, use of our corporate credit card will go towards forest initiatives in lieu of receiving standard loyalty and reward points. IHS Markit Chairman and CEO Lance Uggla states, "The effects of climate change are very real, and companies have a responsibility to lead by example to protect our planet. Trees play an important part in reaching the Paris Climate Accord and working with others we can have a bigger impact in achieving a more sustainable future. I’m proud that we can lead by example as the first corporation to participate."
All new IHS Markit office fitouts strive to be designed to BREEAM/LEED-certified standards. Everything from the materials used to the overall design of the space is carefully considered in terms of its impact on the environment including the purchase of low emitting amd recycled content material, low emitting VOC paint, water efficient devices, and ENERGY STAR rated equipment. Our goal is to incorporate sustainable design in 33% of the projects we undertake in 2019.
Partnership with Xerox and transition to Konica Minolta
For the past few years, IHS Markit has partnered with Xerox in an enterprise-wide strategy to reduce our environmental impact and increase productivity. Please see the case studies for our offices and our centralized print shop.
Konica Minolta, our current supplier, has a strong committment to the environment including the use of eco-friendly plastics, bio-based toners and energy saving technology in their printing devices. For example, their C658 model is made up of 35% recycled material and ENERGY STAR certified with duplex printing set as default and one touch control of power consumption.
External data centers
We estimate that over 60% of our data center footprint is sourced by renewable energy or has been recognized for carbon reduction or energy efficiency: ViaWest has been recognized as Xcel Energy’s 2010 Cooling Efficiency Champion and for leading the Rocky Mountain region in its utilization of green technology; Century Link received Carbon Trust Standard recognition in 2013 for their LO6 data center that IHS Markit uses; Equinix uses 100% renewable energy for their data centers we use in London and Amsterdam.
As we transition to cloud-based services, our main providers Amazon Web Services and Microsoft Azure have taken actions and made strong commitments towards energy efficiency, waste reduction and 100% renewable energy.
Energy Star IT equipment
Our corporate supplier of desktop computer hardware is Dell, a company with a strong commitment to the environment. Currently about 50 percent of our computer inventory is ENERGY STAR™ compliant. We project that we will be at 70% inventory by the end of 2018 and at 100% in the next couple of years as we exchange out our legacy Markit equipment.
Our preferred airline carriers, United Airlines and British Airways, are committed to leading commercial aviation in reducing their footprint in the air, on the ground, and at their facilities. Travel with these preferred carriers represent over 35% of all IHS Markit air travel spend.
To reduce air travel, we have a travel policy that emphasizes showing a return on investment for all air travel, combining multiple purposes for a trip, and using alternative collaborative tools such as Microsoft Teams (where we average more than 20,000 hours of use per month).
We also continue to contract with and drive use of green travel suppliers to reduce the impact of corporate travel. In 2018, 52% of employee hotel stays were at green hotel properties (+19 percentage points since 2016) and we have a goal to increase this to 54% in 2019.