MCLEAN, Va., March 20, 2013 /PRNewswire/ -- Science Applications International Corporation (SAIC) (NYSE: SAI) was awarded the Excellence in Greenhouse Gas (GHG) Management Goal Setting Certificate by the U.S. Environmental Protection Agency's Center for Corporate Climate Leadership. The certificate recognizes organizations that publicly report and verify corporate GHG inventories and set aggressive GHG emissions reduction goals. SAIC was selected from a pool of applications reviewed by the EPA, Association of Climate Change Officers, Center for Climate and Energy Solutions, and The Climate Registry.
In 2011, SAIC announced its goal of reducing global scope 1 and 2 GHG emissions by 25 percent by 2020. Scope 1 emissions are direct GHG emissions from sources owned and controlled by SAIC, and scope 2 emissions include indirect GHG emissions resulting from off-site power generation, heating and cooling, or steam generation that SAIC doesn't control but purchases.
As the owner of 20 percent of its own office space, SAIC plans to reduce emissions by disposing of real estate assets that are either underperforming or underutilized and consolidating other spaces for a net reduction in square footage. SAIC is also pursuing and will administer energy efficiency projects in its office spaces, educating employees, and raising awareness about the contributions they can make to reduce energy use.
"We're honored that our commitment to integrating sustainable principles into our corporate culture and operations has been recognized by the EPA's Center for Corporate Climate Leadership," said Joe Craver, president of SAIC's Health and Engineering Sector. "We will continue to identify and implement cost-effective energy efficiency projects across the company and leverage our broad in-house energy expertise to achieve our aggressive emissions reduction goal."
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health. The Company's approximately 40,000 employees serve customers in the U.S. Department of Defense, the intelligence community, the U.S. Department of Homeland Security, other U.S. Government civil agencies and selected commercial markets. Headquartered in McLean, Va., SAIC had annual revenues of approximately $10.6 billion for its fiscal year ended January 31, 2012. For more information, visit http://www.saic.com/. SAIC: From Science to Solutions®
Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in SAIC's Annual Report on Form 10-K for the period ended January 31, 2012, and other such filings that SAIC makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.