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Guidewire Software Inc

Common Name

Guidewire Software

Country

United States

Sector

Technology

Industry

Software - Application

Employees

3,596

Ticker

GWRE

Exchange

NEW YORK STOCK EXCHANGE, INC.

Website

www.guidewire.com

Description

Guidewire Software, Inc. is a technology company specializing in software solutions aimed at the insurance industry. Its primary function is to equip property and casualty insurance markets worldwide ... Show more

Guidewire Software's GHG Emissions Data Preview

In 2023, Guidewire Software 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).

Guidewire Software 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)	2024	2023	2022	2021 - 2017
Total Scope 1 Total direct GHG emissions from categories that are owned or directly controlled by the company.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Market-Based Indirect emissions from purchased energy calculated using the market-based method, which reflects contractual instruments such as supplier-specific emission factors or renewable energy certificates (RECs).	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Location-Based Indirect emissions from purchased energy calculated using the location-based method, which reflects average emission factors of the local grid.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Categories of Scope 3 (6 categories)
Purchased Goods and Services (Cat. 1) Emissions from the extraction, production, and transportation of goods and services purchased by the company.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Capital Goods (Cat. 2) Emissions from the production and delivery of long-term capital assets such as buildings, machinery, and equipment.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Fuel- and Energy-Related Services (Cat. 3) Emissions related to the production of fuels and energy purchased by the company that are not included in Scope 1 or 2 (e.g. extraction, refining, transport).	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Waste Generated in Operations (Cat. 5) Emissions from the treatment and disposal of waste generated in company operations, handled by third parties.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Business Travel (Cat. 6) Emissions from business-related travel by employees, such as air travel, car rentals, and accommodations.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Employee Commuting (Cat. 7) Emissions from employee commuting between their homes and their worksites, including personal and public transport.	Data available for purchase 0000000	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

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 Guidewire Software's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Guidewire Software amounted to 1,337.6 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 Guidewire Software decreased by 24.04%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Guidewire Software's Scope 1 Emissions Over Time

Total Scope 1
Year-over-Year Change

What are Guidewire Software's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Guidewire Software were 30.8 metric tons of CO₂ equivalent (tCO₂e).

Has Guidewire Software reduced its Scope 1 emissions over time?

Since 2020, Guidewire Software's Scope 1 emissions have decreased by 25.24%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Guidewire Software's Scope 1 emissions decreased by 9.14%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Guidewire Software's Scope 2 emissions?

In 2023, Guidewire Software reported Scope 2 greenhouse gas (GHG) emissions of 729 tCO₂e using the market-based method, and 1,306.8 tCO₂e using the location-based method.

Has Guidewire Software reduced its Scope 2 emissions over time?

Since 2020, Guidewire Software's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 22.61%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Guidewire Software's Scope 2 emissions (Location-Based) fell by 24.34% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Guidewire Software use for Scope 2 reporting?

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

Guidewire Software's Scope 2 Emissions Over Time

Total Scope 2 Location-Based
Total Scope 2 Market-Based

Insights into Guidewire Software's Value Chain Emissions

In 2023, Guidewire Software reported 27,323.4 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Guidewire Software includes a breakdown across 6 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.

Guidewire Software's Scope 3 Emissions Over Time

Total Scope 3
Year-over-Year Change

What are Guidewire Software's Scope 3 emissions?

In 2023, Guidewire Software reported total Scope 3 emissions of 27,323.4 metric tons of CO₂ equivalent (tCO₂e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Guidewire Software reduced its Scope 3 emissions over time?

Since 2020, Guidewire Software's Scope 3 emissions have decreased by 31.09%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Guidewire Software's Scope 3 emissions remained relatively stable, indicating that Guidewire Software 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Guidewire Software disclose?

In 2023, Guidewire Software 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 Guidewire Software's Scope 3 emissions?

In 2023, the largest contributors to Guidewire Software's Scope 3 emissions were:

Purchased Goods and Services (Cat. 1): 14,326.3 tCO₂e (52.43%)
Business Travel (Cat. 6): 6,366.5 tCO₂e (23.3%)
Employee Commuting (Cat. 7): 5,641.7 tCO₂e (20.65%)

Guidewire Software's Scope 3 Emissions by Categories

Insights into Guidewire Software's Total Carbon Footprint

In 2023, Guidewire Software reported a total carbon footprint of 28,661 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.47% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Guidewire Software's total carbon footprint was Scope 3 emissions, accounting for 95.33% of the company's total carbon footprint, followed by Scope 2 emissions at 4.56%.

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