Aspen Technology Inc

Common Name
Aspen Technology
Country
United States
Sector
Technology
Industry
Software - Application
Employees
1,187
Ticker
AZPN
Exchange
NASDAQ/NGS
Description
Aspen Technology, Inc. is a prominent player in the software industry, specializing in asset optimization solutions that drive value for companies operating within the manufacturing and process indust...

Aspen Technology's GHG Emissions Data Preview

In 2024, Aspen Technology completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Aspen Technology has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Aspen Technology's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Aspen Technology amounted to 2,924 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Aspen Technology increased by 2.31%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Aspen Technology's Scope 1 Emissions Over Time

202220232024060120180240tCO2e+5%-40%
  • Total Scope 1
  • Year-over-Year Change

What are Aspen Technology's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Aspen Technology were 145 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Aspen Technology reduced its Scope 1 emissions over time?

Since 2022, Aspen Technology's Scope 1 emissions have decreased by 36.68%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), Aspen Technology's Scope 1 emissions decreased by 39.58%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Aspen Technology's Scope 2 emissions?

In 2024, Aspen Technology reported Scope 2 greenhouse gas (GHG) emissions of 2,824 tCOâ‚‚e using the market-based method, and 2,779 tCOâ‚‚e using the location-based method.

Has Aspen Technology reduced its Scope 2 emissions over time?

Since 2022, Aspen Technology's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 18.61%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2023), Aspen Technology's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Aspen Technology 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Aspen Technology use for Scope 2 reporting?

In 2024, Aspen Technology reported its Scope 2 emissions using the market-based method and using the location-based method.

Aspen Technology's Scope 2 Emissions Over Time

20222023202407501.5 k2.25 k3 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Aspen Technology's Value Chain Emissions

In 2024, Aspen Technology reported 81,208 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of Aspen Technology includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Aspen Technology's Scope 3 Emissions Over Time

202220232024025 k50 k75 k100 ktCO2e+27%+220%
  • Total Scope 3
  • Year-over-Year Change

What are Aspen Technology's Scope 3 emissions?

In 2024, Aspen Technology reported total Scope 3 emissions of 81,208 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 19.55% of these emissions originated from upstream activities such as purchased goods and capital goods, while 80.45% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Aspen Technology reduced its Scope 3 emissions over time?

Since 2022, Aspen Technology's Scope 3 emissions have increased by 306.18%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), Aspen Technology's Scope 3 emissions increased by 219.96%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Aspen Technology disclose?

In 2024, Aspen Technology reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Aspen Technology's Scope 3 emissions?

In 2024, the largest contributors to Aspen Technology's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 56,116 tCOâ‚‚e (80.45%)
  • Business Travel (Cat. 6): 7,502 tCOâ‚‚e (10.76%)
  • Employee Commuting (Cat. 7): 4,375 tCOâ‚‚e (6.27%)

Aspen Technology's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(10.8%)Use of Sold Products(Cat. 11)(80.4%)Employee Commuting(Cat. 7)(6.3%)

Insights into Aspen Technology's Total Carbon Footprint

In 2024, Aspen Technology reported a total carbon footprint of 84,132 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 197.93% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Aspen Technology's total carbon footprint was Scope 3 emissions, accounting for 96.52% of the company's total carbon footprint, followed by Scope 2 emissions at 3.3%.