Palo Alto Networks Inc

Common Name
Palo Alto Networks
Country
United States
Sector
Technology
Industry
Software - Infrastructure
Employees
15,866
Ticker
PANW
Exchange
NASDAQ/NGS
Description
Palo Alto Networks, Inc. is a leading cybersecurity company that provides advanced security solutions to protect digital enterprises. The company's primary function is to safeguard organizations acros...

Palo Alto Networks's GHG Emissions Data Preview

In 2023, Palo Alto Networks 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).

Palo Alto Networks 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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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 Palo Alto Networks's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Palo Alto Networks amounted to 17,352 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 Palo Alto Networks increased by 46.6%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Palo Alto Networks's Scope 1 Emissions Over Time

2019202020212022202304008001.2 k1.6 ktCO2e-14%+41%-13%+109%
  • Total Scope 1
  • Year-over-Year Change

What are Palo Alto Networks's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Palo Alto Networks were 1,591 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Palo Alto Networks reduced its Scope 1 emissions over time?

Since 2019, Palo Alto Networks's Scope 1 emissions have increased by 122.21%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Palo Alto Networks's Scope 1 emissions increased by 108.52%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Palo Alto Networks's Scope 2 emissions?

In 2023, Palo Alto Networks reported Scope 2 greenhouse gas (GHG) emissions of 12,068 tCOâ‚‚e using the market-based method, and 15,761 tCOâ‚‚e using the location-based method.

Has Palo Alto Networks reduced its Scope 2 emissions over time?

Since 2019, Palo Alto Networks's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 20.03%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Palo Alto Networks's Scope 2 emissions (Location-Based) rose by 42.34% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Palo Alto Networks use for Scope 2 reporting?

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

Palo Alto Networks's Scope 2 Emissions Over Time

2019202020212022202304 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Palo Alto Networks's Value Chain Emissions

In 2023, Palo Alto Networks reported 1,666,765 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 Palo Alto Networks includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 10 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Palo Alto Networks's Scope 3 Emissions Over Time

201920202021202220230450 k900 k1.35 M1.8 MtCO2e+11229%-1%+36%+26%
  • Total Scope 3
  • Year-over-Year Change

What are Palo Alto Networks's Scope 3 emissions?

In 2023, Palo Alto Networks reported total Scope 3 emissions of 1,666,765 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 20.29% of these emissions originated from upstream activities such as purchased goods and capital goods, while 79.71% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Palo Alto Networks reduced its Scope 3 emissions over time?

Since 2019, Palo Alto Networks's Scope 3 emissions have increased by 19,042.55%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Palo Alto Networks's Scope 3 emissions increased by 25.79%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Palo Alto Networks disclose?

In 2023, Palo Alto Networks 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 Palo Alto Networks's Scope 3 emissions?

In 2023, the largest contributors to Palo Alto Networks's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 850,377 tCOâ‚‚e (51.02%)
  • Investments (Cat. 15): 478,148 tCOâ‚‚e (28.69%)
  • Purchased Goods and Services (Cat. 1): 208,724 tCOâ‚‚e (12.52%)

Palo Alto Networks's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(51.0%)Purchased Goods andServices (Cat. 1)(12.5%)Investments(Cat. 15)(28.7%)

Insights into Palo Alto Networks's Total Carbon Footprint

In 2023, Palo Alto Networks reported a total carbon footprint of 1,684,117 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 25.97% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Palo Alto Networks's total carbon footprint was Scope 3 emissions, accounting for 98.97% of the company's total carbon footprint, followed by Scope 2 emissions at 0.94%.