In 2024, 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 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 1,766a | 1,591a | 763a | |
Total Scope 2 | ||||
Market-Based | 9,171a | 12,068a | 13,385a | |
Location-Based | 16,470a | 15,761a | 11,073a | |
Total Scope 3 | 1,786,434a | 1,666,765a | 1,325,047a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.22a | 0.2308a | 0.1387a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Palo Alto Networks amounted to 18,236 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).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Palo Alto Networks increased by 5.09%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Palo Alto Networks were 1,766 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Palo Alto Networks's Scope 1 emissions have increased by 146.65%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Palo Alto Networks's Scope 1 emissions increased by 11%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Palo Alto Networks reported Scope 2 greenhouse gas (GHG) emissions of 9,171 tCO₂e using the market-based method and 16,470 tCO₂e using the location-based method.a
Since 2019, Palo Alto Networks's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 25.43%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Palo Alto Networks's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Palo Alto Networks's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Palo Alto Networks reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Palo Alto Networks reported 1,786,434 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Palo Alto Networks includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, up from 11 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Palo Alto Networks reported total Scope 3 emissions of 1,786,434 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 17.84% of these emissions originated from upstream activities such as purchased goods and capital goods, while 82.16% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Palo Alto Networks's Scope 3 emissions have increased by 20,416.93%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Palo Alto Networks's Scope 3 emissions remained relatively stable, indicating that Palo Alto Networks's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Palo Alto Networks reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Palo Alto Networks's Scope 3 emissions were:a
In 2024, Palo Alto Networks reported Scope 1 greenhouse gas (GHG) emissions of 1,766 tCO₂e and total revenues of USD 8,027 millions. This translates into an emissions intensity of 0.22 tCO₂e per millions USD.a
In 2024, Palo Alto Networks reported a Scope 1 emissions intensity of 0.22 tCO₂e per millions USD. Compared to the peer group median of 0.17, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Palo Alto Networks ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Palo Alto Networks is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Palo Alto Networks reported a total carbon footprint of 1,804,670 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.16% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Palo Alto Networks's total carbon footprint was Scope 3 emissions, accounting for 98.99% of the company's total carbon footprint, followed by Scope 2 emissions at 0.91%.a