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HubSpot Inc

Common Name
HubSpot
Country
United States
Sector
Technology
Industry
Software - Application
Employees
8,824
Ticker
HUBS
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
HubSpot, Inc. is a leading provider of cloud-based software for inbound marketing, sales, and customer service management. The company’s primary function is to empower businesses to attract, engage, a...

HubSpot's GHG Emissions Data Preview

In 2024, HubSpot 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).

HubSpot has also provided a category-level breakdown for 8 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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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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a
0000000
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$curl "https://tracenable.com/api/v1/ghg-emissions/absolute?ticker=HUBS&reporting_period=2024"

Verified Sources Behind HubSpot’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 HubSpot’s data sources below and access millions more through our Disclosure Search.

a. HubSpot's Responsible Business Report 2025
a. HubSpot's Responsible Business Report 2025

Insights into HubSpot's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofHubSpot amounted to1,926metric 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 HubSpotdecreased by 0.1%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

HubSpot's Scope 1 Emissions Over Time

202120222023202401234tCO2e
  • Total Scope 1
  • Year-over-Year Change

What are HubSpot's Scope 1 emissions?

In 2024, the total Scope 1 emissions of HubSpot were 0 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

What are HubSpot's Scope 2 emissions?

In 2024, HubSpot reported Scope 2 greenhouse gas (GHG) emissions of 561 tCOâ‚‚e using the market-based method and 1,926 tCOâ‚‚e using the location-based method.a

Has HubSpot reduced its Scope 2 emissions over time?

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

What methodology does HubSpot use for Scope 2 reporting?

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

HubSpot's Scope 2 Emissions Over Time

202120222023202407001.4 k2.1 k2.8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into HubSpot's Value Chain Emissions

In 2024, HubSpot reported 61,619 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of HubSpot includes a breakdown across 8of 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

HubSpot's Scope 3 Emissions Over Time

20192021202220232024020 k40 k60 k80 ktCO2e+1200%+7%+21%-1%
  • Total Scope 3
  • Year-over-Year Change

What are HubSpot's Scope 3 emissions?

In 2024, HubSpot reported total Scope 3 emissions of 61,619 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 99.04%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.96%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has HubSpot reduced its Scope 3 emissions over time?

Since 2019, HubSpot's Scope 3 emissionshave increased by 1,559.55%, reflecting a rising long-term trend in Scope 3 emissions over time.a

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

What categories of Scope 3 emissions does HubSpot disclose?

In 2024, HubSpot reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a

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

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

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

  • Purchased Goods and Services (Cat. 1): 43,846 tCOâ‚‚e(71.16%)
  • Business Travel (Cat. 6): 7,449 tCOâ‚‚e(12.09%)
  • Employee Commuting (Cat. 7): 5,600 tCOâ‚‚e(9.09%)

HubSpot's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(71.2%)Business Travel(Cat. 6)(12.1%)Employee Commuting(Cat. 7)(9.1%)

Insights into HubSpot's Total Carbon Footprint

In 2024, HubSpot reported a total carbon footprint of 63,545 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.97% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to HubSpot's total carbon footprint was Scope 3 emissions, accounting for 96.97% of the company's total carbon footprint, followed by Scope 2 emissions at 3.03%.a

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