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Greenly > Case Studies > Horizon Software's Carbon Footprint Reduction with Greenly
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Horizon Software's Carbon Footprint Reduction with Greenly

Technology Category
  • Sensors - Environmental Sensors
Applicable Industries
  • Cement
Applicable Functions
  • Procurement
  • Quality Assurance
Use Cases
  • Continuous Emission Monitoring Systems
  • Indoor Air Quality Monitoring
Services
  • Testing & Certification
  • Training
The Challenge

Horizon Software, a global software company with over 100 customers across 26 countries, was facing challenges in measuring and reducing its carbon footprint. The company, which is a pioneer in the financial markets industry, was keen on integrating social and environmental objectives into its business model and operations. As part of its commitment to its employees, suppliers, and customers, Horizon Software was seeking to obtain B Corp certification, which requires the implementation of good practices adapted to the company's sector of activity. However, the company was struggling with the first and most important step of any issue in a company - measuring and defining it. Horizon Software had already initiated a few projects on recycling, building insulation, bicycle bonuses, etc., but it wanted to go further in a pragmatic way with the CO2 equivalent indicator.

About The Customer

Horizon Software is a leading software company that operates globally, with over 100 customers across 26 countries. The company is known for its innovative and continuously expanding software solutions, which are used in the financial markets industry. Horizon Software's modular and adaptable software is built with big data, scalability, and low latency at its core. The company leverages the latest technologies in the financial industry, combined with deep expertise in trading and modeling. Horizon Software's on-demand platform can be deployed on premise or as SaaS, allowing clients to quickly create, test, and implement automated trading strategies in real time. The company has offices in EMEA, APAC, and North America, and it has won multiple awards, including the FOW Sell-Side Trading System of the Year 2020 award.

The Solution

Horizon Software turned to Greenly for a solution to its challenge. Greenly's software automated the data collection process, making the computation of Horizon Software's carbon footprint effective and pragmatic. The software provided a clear understanding of the sources of emissions by type and category, and it was able to break down what the CO2 equivalent was through invoices. This allowed Horizon Software to act on its two main improvement levers: energy and suppliers. The company also used the software to raise awareness among its employees about environmental issues, with about 40% of them participating in the questionnaire. Furthermore, Horizon Software planned to continue to 'pollinate' its employees by getting them more involved and training them, especially with the help of the Planet Tech’ Care movement. The company also sought to maintain and improve its Green IT processes and promote its Low Carbon Managed Services offer for the hosting of its solution.

Operational Impact

  • The implementation of Greenly's software has brought about significant operational results for Horizon Software. The company has been able to effectively measure and define its carbon footprint, which is a crucial step in any company's journey towards sustainability. The software has also helped Horizon Software to understand the sources of its emissions by type and category, enabling it to act on its two main improvement levers: energy and suppliers. The company has also been able to raise awareness among its employees about environmental issues, with about 40% of them participating in the questionnaire. This has revealed a still low level of maturity on environmental issues, indicating that there is a lot of work to do to get people involved internally. However, Horizon Software is committed to continuing to 'pollinate' its employees by getting them more involved and training them, especially with the help of the Planet Tech’ Care movement.

Quantitative Benefit

  • Reduced carbon footprint to 172t.CO2/year

  • 46% of emissions were from energy

  • 19% of emissions were from the purchase of services

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