OVHcloud

Year

2024

Sector
Services numériques
ACT assessment methodology
Generic

Performance Score

Target to reduce scope 1 & 2 emissions by 73% in 2030 compared to 2022, but only a target defined in terms of economic emission intensity in relation to value added for scope 3, not valued in the assessment. No past downward trend in scope 2 emissions with the location-based approach. A trend that has tended to be downward in scope 3 emissions, with a sharp dip in 2023, with the location-based approach.

50% CAPEX aligned in 2024 with the EU's green taxonomy. An unknown share of R&D spending and more than 40% of patents considered to be favorable to decarbonization, particularly in connection with data center cooling technologies.

Three types of interventions are significant to very significant: optimization of the lifespan of servers through their design and reuse of components, development of water cooling and submersion cooling technologies, and implementation of data center energy management approaches based on ISO 50001 and the EU Code of Conduct for Energy Efficiency in Data Centers.

Supervision of climate change issues by the strategic and CSR committee, but no expertise found in the field of low-carbon transition. The CEO's variable remuneration for the efficiency of energy use in data centres, which nevertheless reflects very partially the performance in terms of decarbonisation.

Transition plan covering all emission items and with a relatively detailed description of the actions, but limited to 2030 and without any other qualitative or quantitative elements. No transition scenario or carbon price explained.

Supplier engagement strategy focused on the 25 priority suppliers. Two levers of action are mobilized: rewarding the best evaluated suppliers according to criteria that include environmental criteria, and collecting data and assessing the carbon footprint of priority suppliers. Customer engagement strategy through the provision of a carbon calculator for cloud computing services, limited in 2024 to the private cloud segment, which represents 62.8% of revenue. No proof of impact provided. No engagement policy or alignment review identified for professional associations. Public support for the Paris Agreement, with no significant opposition or specific support for climate policies.

Narrative Score

Business model and strategy: Strategy integrating decarbonization and energy performance as a competitive differentiator, with significant levers for action mobilized, including R&D. However, there is still significant room for further alignment of revenue and expenses with the low-carbon transition and no action to self-consume electricity from renewable sources, to deeply decarbonize data centers for which grid electricity is highly carbon-intensive.

Consistency and credibility: Inconsistency in the choice of allocation approach for emissions associated with electricity consumption between different metrics. No other inconsistency noted. Very little data associated with actions or levers of action, such as expected impacts and capital expenditures, makes it difficult to assess credibility.

Data quality: Apparently high-quality and complete carbon footprint, with recalculation of past emissions to iso-method and without inconsistencies noted, but not publication of recalculated emissions for years prior to 2022 and use of electricity mix emission factors instead of residual mix factors to estimate market-based emissions associated with non-market-based electricity consumption.

Reputation: No controversy or scandal identified in the environmental field.

Risks: Scope 1 and 2 decarbonisation strategy that is highly dependent on the market-based approach and electricity supply combined with market instruments. Emissions impacts of emerging business models, including the massive use of artificial intelligence and quantum computing, not assessed. Actions to improve energy and environmental performance, but no measures for these significant transition risks.

Trend score

A transition plan likely to have a significant impact in terms of reducing emissions, including in a location-based approach, but the impact expected from the implementation of the unquantified transition plan and the risk of increased electricity consumption with the massification of the use of artificial intelligence. In particular, there is a high level of uncertainty, both upwards and downwards, about the future trend of emissions linked to electricity consumption, which constitute a significant part of the carbon footprint: energy efficiency gains that are foreseeable but potentially offset by an increased use of digital technology.

Foreseeable improvement in the alignment of activities in the sense of the EU Green Taxonomy thanks to the transition plan and the good momentum of the decarbonisation approach.

High uncertainty overall, particularly with regard to the upward or downward trend in emissions linked to electricity consumption, making it too difficult to assess the trend.
Source
Say on Climate 2025
Evaluator
CITEPA
GLOBAL SCORE
Performance score (/100)
42
Disclosure score (/100)
87

ℹ️

Narrative Score (A > E)

B

Trend Score (- = +)

=

Scores by module

#1 : best score in the sample

N/A% = module not applicable to the sectoral methodology

Target Score : 17%

#1

Material Investment Score : 25%

#1

Intangible Investment Score : 25%

#1

Sold Product Performance Score : 95%

#1

Management Score : 41%

#1

Supplier Engagement Score : 41%

#1

Client Engagement Score : 53%

#1

Policy Engagement Score : 36%

#1

Business Model Score : 25%

#1

Indicator weight by module