50%

Increase

in AudicoCodes' WebRTC Gateway's capacity during COVID-19 pandemic

350

Technical Experts Worldwide

The number of AudioCodes technicians globally

100

Countries

The number of countries in which AudioCodes solutions are deployed

View Our Analysis

The Path to Drawdown: Telepresence

From multipurpose-room systems, immersive telepresence, desktop systems, videophones, and cloud-based software systems, telepresence comes in many forms. But what they all have in common is that they can replace flying for business meetings and reduce overall air and land transportation.

Air travel is estimated to account for about 2.5% of global CO2 emissions. That’s more than 700 million tons of CO2 annually. A big chunk of this is from business air travel.

By adopting telepresence systems, companies, schools, hospitals and museums can offer their services and facilitate communication without being in the same place. This way they can avoid emissions from commutes and business air travel. Not only that, telepresence can help cut costs and ease employee schedules by avoiding travel, enhance meeting productivity and faster decision-making, and increase interpersonal connection across geographies.

The global market for telepresence solutions is on the rapid rise, from US$2.2 billion in 2010 to US$3.3 billion in 2014. The coronavirus pandemic in 2020 has further accelerated this adoption.

Project Drawdown estimates that, if telepresence is adopted widely enough to replace 16-30% of global air business travel by 2050, it can help avoid between 1 - 3.8 gigatons of CO2 equivalent emissions. This would mean that between 486 - 676 million business-related trips will be replaced, US$1.2-4.4 trillion worth of business travel savings, and between 107 - 143 million fewer unproductive travel hours.

What We Want to See Improve

Disclose Energy Use

As of now, AudioCodes doesn't make any sustainability information available. Companies that offer tech and digital products are energy-intensive, and AudioCodes reports that they have tens of millions of session border controllers, media gateway and media server sessions deployed in over 100 countries worldwide. We would like to know the energy use in these servers and facilities, and the emissions they release.

Set Clear Reduction Targets

Once we know AudioCode's energy use, we'd like to see them outline targets for reducing energy and switching to clean energy. How will they plan to reduce emissions through energy by the years 2025, 2030, and 2050? By how much? Ideally, companies will work toward zero-emission targets, and we'd like AudioCodes to reach those goals as well.

Related Telepresence Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description

4.94%

Zoom (ZM)

Zoom offers a unified digital communications platform, integrating video, phone, chat and content sharing - replacing carbon-intensive business travel

3.49%

Docusign (DOCU)

DocuSign offers products that let organizations electronically manage contracts, replacing carbon-intensive business travel

0.07%

AudioCodes Ltd. (AUDC)

AudioCodes offers VoIP network routing, media servers, and value-added applications for businesses. Telepresence cuts emissions from business air travel

0.07%

Kaltura, Inc. (KLTR)

Kaltura offers video products that are heavily used in distance learning for virtual classrooms.

0.02%

ClearOne, Inc. (CLRO)

ClearOne offers conferencing, collaboration and streaming solutions for businesses. Telepresence can help reduce emissions from business air travel

Attend Our Next Webinar

Attend Our Next Webinar

Join our next Sustainable Investing 101 webinar, get our favorite DIY options, and walk through how we build our portfolios.

Register
Get Our Newsletter

Get Our Newsletter

Go a level deeper with us and investigate the potential impacts of climate change on investments like your retirement account.

Talk To A Human

Talk To A Human

Joining a new investment service can be intimidating. We’re here for you. Click below to email us a question or book a quick call.

Ask a Question