Climate & Nature

Version 1 Achieves CDP A- Climate Score Securing Lower-Cost Syndicated Loan

ESG Broadcast Desk· 12 Dec 2024· 2 min read

Ireland-based global digital transformation firm Version 1 achieved a CDP A- climate change score for two consecutive years, enabling the company to secure a syndicated loan with a significant interest margin reduction tied to its environmental performance. The company, which employs over 3,400 people across four continents, began its CDP disclosure journey in 2022 with a B- score.

Version 1 started disclosing through CDP in 2022 and improved from a B- to an A- climate change score within two years, consistently outperforming its industry average. The improved score supported access to green financing, including a syndicated loan with meaningful interest margin reduction, and enhanced investor confidence — particularly for majority shareholder Partners Group, which prioritises ESG alignment. CDP disclosure also strengthened Version 1's competitive positioning in public and private sector contracts globally and supported readiness for the EU's Corporate Sustainability Reporting Directive.

In 2024, Version 1 completed a comprehensive climate scenario analysis aligned with TCFD recommendations, assessing transition and physical risks across different warming pathways. The resulting insights have been embedded into the company's enterprise risk management and strategic planning. As a digital transformation company, Version 1 also identified new business opportunities in ESG data reporting, supporting clients through platforms such as Oracle EPM, and helping organisations decarbonise through technology-led efficiency improvements across value chains.

Version 1's experience illustrates how digital services companies can leverage environmental disclosure to generate tangible financial and strategic value. For technology firms operating across global markets including Asia-Pacific and South Asia, where ESG-linked financing is growing rapidly, the company's model of using CDP as a catalyst for both resilience and revenue demonstrates the expanding commercial case for environmental transparency. The simultaneous shift to a digital and net-zero economy is creating opportunities for technology companies to position themselves at the intersection of climate and innovation services.

Key figure — A- CDP climate score for two consecutive years

This content is AI-assisted and reviewed by the ESG Broadcast editorial team. It is for informational purposes only and is not investment or ESG-rating advice. See our Technology & Transparency policy.

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Version 1 Achieves CDP A- Climate Score Securing Lower-Cost Syndicated Loan | ESG Broadcast