Version 1
Version 1, a global digital transformation provider with its roots in Ireland, has embedded climate resilience and sustainability into its business strategy with the help of CDP.
With over 3,400 employees across four continents, the company supports clients across application modernisation, data and AI, and cloud migration – while aligning with and benefiting from corporate environmental expectations.
CDP as a catalyst for transformation
Version 1 began reporting through CDP in 2022, when it first got a B- score. Since then, the company has made significant progress and achieved an A- climate change score in the last two consecutive years —well above the industry average and a reflection of the company’s growing maturity in climate risk management and transparency.
”The CDP framework has been instrumental in helping us understand and apply global best practices in climate risk management and environmental transparency”, says Helen Lambe, Environmental Sustainability Lead at Version 1. “Achieving an A- score for two consecutive years has not only validated our efforts but also delivered real business value.”
Beyond financial gains, such as a syndicated loan benefitting from a significant interest margin reduction, CDP reporting has enhanced investor confidence – particularly for majority shareholder, Partners Group, which prioritizes ESG alignment – and strengthened Version 1’s competitive positioning in global public and private sector contracts.
CDP disclosure has also supported readiness for evolving regulations such as the Corporate Sustainability Reporting Directive (CSRD). “For us, CDP is more than a reporting mechanism; it’s a catalyst for resilience, accountability and long-term value creation”, Lambe summarises.
Building resilience through strategy and governance
At the heart of Version 1’s climate strategy is a commitment to building resilience – ensuring that its business, its customers and the critical systems the company supports can adapt and thrive in a changing climate.
“In 2024, we undertook a comprehensive climate scenario analysis, aligned with TCFD recommendations, to assess transition and physical risks across different warming pathways”, Lambe explains. As a result, the insights are now embedded in Version 1’s enterprise risk management and strategic planning, enabling the company to navigate uncertainty with confidence.
Discovering opportunities through disclosure
On the other side of the risk analysis, CDP has also helped Version 1 uncover opportunities. As a digital transformation company, Version 1 is supporting organisations with enterprise management systems and complex ESG data reporting, particularly through platforms such as Oracle EPM.
The company is also helping customers innovate to decarbonise their business models, applying technology to increase efficiency, reduce emissions and build resilience across value chains.
“It’s an exciting time to be at the intersection of technology and sustainability, where the twin transitions – the simultaneous shift to a digital and net-zero economy – is unlocking new opportunities for innovation, resilience and long-term value”, says Lambe. “As these two forces converge, we see enormous potential to help our customers transform responsibly and shape a more sustainable future.”