Rackspace Technology achieves Science Based Targets Initiative approval for emissions reduction goals.

Rackspace Technology has been approved by the Science Based Targets Initiative (SBTi) for its short-term, long-term, and net-zero emissions reduction goals. The goals align with SBTi's aim to limit global warming to 1.5°C and include a commitment to reduce emissions by 50% by 2032 and 90% by 2045. The company aims to achieve these ambitious targets by 2023, setting a high standard for the cloud services industry and supporting customers' sustainability goals with clear, measurable metrics.

Rackspace Technology (NASDAQ: RXT), a leading end-to-end hybrid cloud and AI solutions company, has received approval from the Science Based Targets Initiative (SBTi) for its short-term, long-term, and net-zero emissions reduction goals. These goals align with SBTi's objective to limit global warming to 1.5°C, including a commitment to reduce emissions by 50% by 2032 and 90% by 2045 [1].

Rackspace's targets position the company ahead of many peers in the cloud services space, offering customers a rigorous framework that is independently validated and supported by clear, measurable metrics. The company aims to achieve these ambitious targets by 2023, setting a high standard for the industry and supporting customers' sustainability goals [2].

Global energy consumption from data centers is projected to more than double by 2030, with AI as a leading driver of demand. As a result, companies are facing increasing regulatory pressure, such as the EU’s Corporate Sustainability Reporting Directive, to disclose and reduce their carbon emissions tied to energy use across their supply chain [3].

Rackspace currently powers approximately 80% of its global data centers with renewable energy and is advancing its efforts to reach 100% through strategic partnerships. The company's Workload Aware Modernization program helps customers achieve reductions in their cloud carbon footprint by identifying wasted cloud resources and improving environmental sustainability [1, 2].

"SBTi’s validation of our net-zero targets is a significant milestone in Rackspace’s decarbonization journey," said Srini Koushik, President AI, Technology, and Sustainability at Rackspace Technology. "Cloud services and digital infrastructure are among the most significant factors in organizations’ supply chain and Scope 3 emissions. By setting and making progress against aggressive sustainability goals, we are not only minimizing our own environmental impact but also helping our customers to achieve theirs, without sacrificing performance" [1].

"We recognize that building efficiency into our operations and across our global footprint will have a positive impact on our customers’ ability to meet their sustainability goals," added Ben Blanquera, VP of Technology and Sustainability at Rackspace Technology. "By committing to these aggressive SBTi-validated targets, we are establishing a framework for meaningful emissions reductions and underscoring our commitment to act as an environmentally responsible partner for our stakeholders, partners, and clients" [1].

Rackspace's strategic approach to sustainability not only aligns with its own goals but also supports its customers in meeting their environmental objectives. By adopting serverless computing, cloud-native solutions, and automated resource management, customers can dramatically cut both costs and environmental impact while modernizing their technology stack [1, 2].

References:
[1] https://finance.yahoo.com/news/rackspace-receives-sbti-approval-net-200500085.html
[2] https://www.globenewswire.com/news-release/2025/07/31/3125389/0/en/Rackspace-Receives-SBTi-Approval-for-Net-Zero-Targets-Reinforcing-Commitment-to-Sustainable-Operations-and-Innovation.html
[3] https://www.globenewswire.com/news-release/2025/08/01/3125948/0/de/Rackspace-erh%C3%A4lt-SBTi-Zulassung-f%C3%BCr-Netto-Null-Ziele-und-bekr%C3%A4ftigt-sein-Engagement-f%C3%BCr-nachhaltige-Betriebsabl%C3%A4ufe-und-Innovation.html