Wisetech Global Limited
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WiseTech Global Ltd is an Australian software company that specializes in providing innovative software solutions to the logistics and supply chain industry. The company was founded in 1994 by Richard White, who is still the CEO today. WiseTech Global has grown to become a global leader in the enterprise software sector, with over 12,000 customers in more than 150 countries.
The company's flagship product is CargoWise, a cloud-based software platform that helps logistics and supply chain companies manage their operations more efficiently. CargoWise provides a range of features, including freight forwarding, customs clearance, warehousing, and transport management. The platform is designed to be highly customizable, allowing customers to tailor it to their specific needs.
WiseTech Global is committed to sustainability and decarbonization, and has taken a number of steps to reduce its carbon footprint. The company has implemented a range of energy-saving measures, including the use of energy-efficient lighting and the installation of solar panels on its headquarters in Sydney. In addition, WiseTech Global has committed to sourcing 100% renewable energy for its operations by 2025.
One of the ways in which WiseTech Global is achieving this goal is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for electricity over a set period of time. By entering into a corporate PPA, companies like WiseTech Global can secure a reliable source of renewable energy while also reducing their carbon footprint.
In 2020, WiseTech Global signed a 10-year corporate PPA with the Bomen Solar Farm in New South Wales. The agreement will see WiseTech Global purchase 100% of the energy generated by the solar farm, which is expected to produce around 120,000 MWh of renewable energy each year. This is equivalent to the energy required to power around 18,000 homes, and will help WiseTech Global reduce its carbon emissions by around 80,000 tonnes over the life of the agreement.
WiseTech Global is also a member of the RE100 initiative, which is a global campaign to encourage companies to commit to sourcing 100% renewable energy. As part of this commitment, WiseTech Global has pledged to report its progress towards its renewable energy goals on an annual basis.
In addition to its focus on renewable energy, WiseTech Global is also committed to reducing its overall energy consumption. The company has implemented a range of energy-saving measures, including the use of energy-efficient lighting, the installation of motion sensors to control lighting and air conditioning, and the use of virtual meetings to reduce travel.
WiseTech Global is also committed to reducing its carbon footprint through its supply chain. The company works closely with its suppliers to ensure that they are also taking steps to reduce their carbon emissions. This includes encouraging suppliers to adopt renewable energy sources, implement energy-saving measures, and reduce waste.
Overall, WiseTech Global is a leader in the enterprise software sector, with a strong focus on sustainability and decarbonization. The company's commitment to renewable energy and energy efficiency is helping to reduce its carbon footprint and contribute to a more sustainable future. By leveraging the benefits of corporate PPAs and working closely with its suppliers, WiseTech Global is setting an example for other companies to follow in the transition to a low-carbon economy.