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Fortinet Inc

Common Name
Fortinet
Country
United States
Sector
Technology
Industry
Software - Infrastructure
Employees
15,015
Ticker
FTNT
Exchange
NASDAQ/NGS
Description
Fortinet Inc. is a global leader in cybersecurity solutions, primarily focused on developing robust security systems to protect against cyber threats. The company's extensive product line includes fir...

Fortinet's GHG Emissions Data Preview

In 2024, Fortinet 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).

Fortinet has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)202420232022
2021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Fortinet’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Fortinet’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Fortinet’s data sources below and access millions more through our Disclosure Search.

a. Fortinet's Sustainability Report 2024
b. Fortinet's Sustainability Report 2022
c. Fortinet's Sustainability Report 2021

Insights into Fortinet's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Fortinet amounted to 11,445.2 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).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Fortinet increased by 69.55%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Fortinet's Scope 1 Emissions Over Time

20192020202120222023202404509001.35 k1.8 ktCO2e-12%+19%0%+10%+21%
  • Total Scope 1
  • Year-over-Year Change

What are Fortinet's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Fortinet were 1,606.4 metric tons of CO₂ equivalent (tCO₂e).a

Has Fortinet reduced its Scope 1 emissions over time?

Since 2019, Fortinet's Scope 1 emissions have increased by 38.57%, reflecting a rising long-term trend in Scope 1 emissions over time.ac

Compared to the previous year (2023), Fortinet's Scope 1 emissions increased by 20.94%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Fortinet's Scope 2 emissions?

In 2024, Fortinet reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 9,838.8 tCO₂e using the location-based method.a

Has Fortinet reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Fortinet's Scope 2 emissions (Location-Based) rose by 81.45% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Fortinet use for Scope 2 reporting?

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

Fortinet's Scope 2 Emissions Over Time

20192020202120222023202402.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Fortinet's Value Chain Emissions

In 2024, Fortinet reported 1,855,416 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Fortinet includes a breakdown across 11 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.a

Fortinet's Scope 3 Emissions Over Time

20222023202401 M2 M3 M4 MtCO2e-47%-8%
  • Total Scope 3
  • Year-over-Year Change

What are Fortinet's Scope 3 emissions?

In 2024, Fortinet reported total Scope 3 emissions of 1,855,416 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 8.86% of these emissions originated from upstream activities such as purchased goods and capital goods, while 91.14% came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), Fortinet's Scope 3 emissions remained relatively stable, indicating that Fortinet's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Fortinet disclose?

In 2024, Fortinet reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This reflects a high level of granularity and transparency in the company's emissions reporting.

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

In 2024, the largest contributors to Fortinet's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 1,690,540 tCO₂e (91.11%)
  • Purchased Goods and Services (Cat. 1): 110,259 tCO₂e (5.94%)
  • Employee Commuting (Cat. 7): 16,936 tCO₂e (0.91%)

Fortinet's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(91.1%)Purchased Goods andServices (Cat. 1)(5.9%)

Insights into Fortinet’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Fortinet reported Scope 1 greenhouse gas (GHG) emissions of 1,606.4 tCO₂e and total revenues of USD 5,956 millions. This translates into an emissions intensity of 0.27 tCO₂e per millions USD.a

Fortinet's Scope 1 Emissions Intensity Compared to Peers

101001,00010,000100,000Scope 1 Emissions (tCO2e)1001,0005,00020,000200,000Revenues (Millions of USD)SERZToastYear: 2024Scope 1: 436 tCO2eRevenue: $M 4,960Scope 1 Intensity: 0.09 tCO2e/$MSSSabreYear: 2023Scope 1: 29 tCO2eRevenue: $M 2,900Scope 1 Intensity: 0.01 tCO2e/$MWEXYear: 2024Scope 1: 219 tCO2eRevenue: $M 2,629Scope 1 Intensity: 0.08 tCO2e/$MEEEuronet WorldwideYear: 2024Scope 1: 4,113 tCO2eRevenue: $M 3,990Scope 1 Intensity: 1.03 tCO2e/$MZscalerYear: 2024Scope 1: 439 tCO2eRevenue: $M 2,168Scope 1 Intensity: 0.20 tCO2e/$MSynopsysYear: 2024Scope 1: 2,273 tCO2eRevenue: $M 6,127Scope 1 Intensity: 0.37 tCO2e/$MCsg Systems InternationalYear: 2021Scope 1: 573 tCO2eRevenue: $M 1,047Scope 1 Intensity: 0.55 tCO2e/$MNutanixYear: 2024Scope 1: 331 tCO2eRevenue: $M 2,149Scope 1 Intensity: 0.15 tCO2e/$MGen DigitalYear: 2025Scope 1: 414 tCO2eRevenue: $M 3,935Scope 1 Intensity: 0.11 tCO2e/$MGoDaddyYear: 2024Scope 1: 832 tCO2eRevenue: $M 4,574Scope 1 Intensity: 0.18 tCO2e/$MF5Year: 2024Scope 1: 872 tCO2eRevenue: $M 2,817Scope 1 Intensity: 0.31 tCO2e/$MBlockYear: 2023Scope 1: 855 tCO2eRevenue: $M 21,917Scope 1 Intensity: 0.04 tCO2e/$MNetAppYear: 2025Scope 1: 2,310 tCO2eRevenue: $M 6,572Scope 1 Intensity: 0.35 tCO2e/$MOracleYear: 2025Scope 1: 27,532 tCO2eRevenue: $M 57,394Scope 1 Intensity: 0.48 tCO2e/$MTeradataYear: 2024Scope 1: 359 tCO2eRevenue: $M 1,750Scope 1 Intensity: 0.21 tCO2e/$MRRRackspace TechnologyYear: 2024Scope 1: 630 tCO2eRevenue: $M 2,737Scope 1 Intensity: 0.23 tCO2e/$MInformaticaYear: 2024Scope 1: 1,209 tCO2eRevenue: $M 1,640Scope 1 Intensity: 0.74 tCO2e/$MDropboxYear: 2024Scope 1: 515 tCO2eRevenue: $M 2,548Scope 1 Intensity: 0.20 tCO2e/$MPayoneer GlobalYear: 2024Scope 1: 452 tCO2eRevenue: $M 721Scope 1 Intensity: 0.63 tCO2e/$MZZZuoraYear: 2024Scope 1: 157 tCO2eRevenue: $M 432Scope 1 Intensity: 0.36 tCO2e/$MAkamai TechnologiesYear: 2024Scope 1: 45 tCO2eRevenue: $M 3,982Scope 1 Intensity: 0.01 tCO2e/$MPalo Alto NetworksYear: 2024Scope 1: 1,766 tCO2eRevenue: $M 8,027Scope 1 Intensity: 0.22 tCO2e/$MFortinetYear: 2024Scope 1: 1,606 tCO2eRevenue: $M 5,956Scope 1 Intensity: 0.27 tCO2e/$M

How does Fortinet's GHG emissions intensity compare to its peers?

In 2024, Fortinet reported a Scope 1 emissions intensity of 0.27 tCO₂e per millions USD. Compared to the peer group median of 0.21, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Fortinet rank on GHG emissions intensity within its industry?

In 2024, Fortinet ranked 14 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Fortinet is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Fortinet's Total Carbon Footprint

In 2024, Fortinet reported a total carbon footprint of 1,866,861.2 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.07% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Fortinet's total carbon footprint was Scope 3 emissions, accounting for 99.39% of the company's total carbon footprint, followed by Scope 2 emissions at 0.53%.a

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