Fortinet Inc

Common Name
Fortinet
Country
United States
Sector
Technology
Industry
Software - Infrastructure
Employees
14,556
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 2023, 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)2024202320222021 - 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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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 Fortinet's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Fortinet amounted to 6,750.5 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 2022, the total operational greenhouse gas (GHG) emissions of Fortinet increased by 16.48%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Fortinet's Scope 1 Emissions Over Time

2019202020212022202303507001.05 k1.4 ktCO2e-12%+19%0%+10%
  • Total Scope 1
  • Year-over-Year Change

What are Fortinet's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Fortinet were 1,328.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Fortinet reduced its Scope 1 emissions over time?

Since 2019, Fortinet's Scope 1 emissions have increased by 14.58%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Fortinet's Scope 1 emissions increased by 10.18%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Fortinet's Scope 2 emissions?

In 2023, Fortinet reported Scope 2 greenhouse gas (GHG) emissions of 792 tCOâ‚‚e using the market-based method, and 5,422.2 tCOâ‚‚e using the location-based method.

Has Fortinet reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Fortinet's Scope 2 emissions (Location-Based) rose by 18.14% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Fortinet use for Scope 2 reporting?

In 2023, Fortinet reported its Scope 2 emissions using the market-based method and using the location-based method.

Fortinet's Scope 2 Emissions Over Time

2019202020212022202301.5 k3 k4.5 k6 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 2023, Fortinet reported 2,023,947 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 2023 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 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Fortinet's Scope 3 Emissions Over Time

2022202301 M2 M3 M4 MtCO2e-47%
  • Total Scope 3
  • Year-over-Year Change

What are Fortinet's Scope 3 emissions?

In 2023, Fortinet reported total Scope 3 emissions of 2,023,947 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 7.37% of these emissions originated from upstream activities such as purchased goods and capital goods, while 92.63% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Fortinet's Scope 3 emissions decreased by 46.91%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Fortinet disclose?

In 2023, Fortinet reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2023, the largest contributors to Fortinet's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 1,874,729 tCOâ‚‚e (92.63%)
  • Purchased Goods and Services (Cat. 1): 94,208 tCOâ‚‚e (4.65%)
  • Downstream Transportation and Distribution (Cat. 9): 15,747 tCOâ‚‚e (0.78%)

Fortinet's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(4.7%)Use of Sold Products(Cat. 11)(92.6%)

Insights into Fortinet's Total Carbon Footprint

In 2023, Fortinet reported a total carbon footprint of 2,030,697.5 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 46.81% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Fortinet's total carbon footprint was Scope 3 emissions, accounting for 99.67% of the company's total carbon footprint, followed by Scope 2 emissions at 0.27%.