Open Text Corp

Common Name
Open Text
Country
Canada
Sector
Technology
Industry
Software - Application
Employees
21,700
Ticker
OTEX
Exchange
TORONTO STOCK EXCHANGE
Description
Open Text Corporation is a global software company that focuses on enterprise information management. The company's primary purpose is to provide software solutions that enable organizations to manage...

Open Text's GHG Emissions Data Preview

In 2024, Open Text 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).

Open Text has also provided a category-level breakdown for 7 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 Open Text's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Open Text amounted to 53,603 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 Open Text decreased by 7.32%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Open Text's Scope 1 Emissions Over Time

202120222023202401.5 k3 k4.5 k6 ktCO2e-7%+106%-8%
  • Total Scope 1
  • Year-over-Year Change

What are Open Text's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Open Text were 4,938 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Open Text reduced its Scope 1 emissions over time?

Since 2021, Open Text's Scope 1 emissions have increased by 75.92%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), Open Text's Scope 1 emissions decreased by 8.23%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Open Text's Scope 2 emissions?

In 2024, Open Text reported Scope 2 greenhouse gas (GHG) emissions of 49,196 tCOâ‚‚e using the market-based method, and 48,665 tCOâ‚‚e using the location-based method.

Has Open Text reduced its Scope 2 emissions over time?

Since 2021, Open Text's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 76.69%, reflecting a rising long-term trend in Scope 2 emissions over time.

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

What methodology does Open Text use for Scope 2 reporting?

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

Open Text's Scope 2 Emissions Over Time

2021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Open Text's Value Chain Emissions

In 2024, Open Text reported 107,650 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 Open Text includes a breakdown across 7 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.

Open Text's Scope 3 Emissions Over Time

2021202220232024030 k60 k90 k120 ktCO2e+8%+390%+7%
  • Total Scope 3
  • Year-over-Year Change

What are Open Text's Scope 3 emissions?

In 2024, Open Text reported total Scope 3 emissions of 107,650 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 75.4% of these emissions originated from upstream activities such as purchased goods and capital goods, while 24.6% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Open Text reduced its Scope 3 emissions over time?

Since 2021, Open Text's Scope 3 emissions have increased by 466.07%, reflecting a rising long-term trend in Scope 3 emissions over time.

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

What categories of Scope 3 emissions does Open Text disclose?

In 2024, Open Text reported emissions for 7 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 Open Text's Scope 3 emissions?

In 2024, the largest contributors to Open Text's Scope 3 emissions were:

  • Employee Commuting (Cat. 7): 27,862 tCOâ‚‚e (25.88%)
  • Use of Sold Products (Cat. 11): 26,075 tCOâ‚‚e (24.22%)
  • Fuel- and Energy-Related Services (Cat. 3): 22,432 tCOâ‚‚e (20.84%)

Open Text's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(25.9%)Use of Sold Products(Cat. 11)(24.2%)Fuel- andEnergy-RelatedServices (Cat. 3)(20.8%)

Insights into Open Text's Total Carbon Footprint

In 2024, Open Text reported a total carbon footprint of 161,253 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.64% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Open Text's total carbon footprint was Scope 3 emissions, accounting for 66.76% of the company's total carbon footprint, followed by Scope 2 emissions at 30.18%.