Paychex Inc

Common Name
Paychex
Country
United States
Sector
Technology
Industry
Software - Application
Employees
19,000
Ticker
PAYX
Exchange
NASDAQ/NGS
Description
Paychex Inc. is a leading provider of human resources, payroll, and benefits outsourcing services, catering primarily to small and medium-sized businesses. The company offers a comprehensive suite of ...

Paychex's Climate Target Data Preview

As of 2024, Paychex has disclosed 12 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 12 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Paychex ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 3 - Upstream Transportation and Distribution (Cat. 4)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target*
Scope 3 - Employee Commuting (Cat. 7)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 3 - Upstream Leased Assets (Cat. 8)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 3 - Upstream Transportation and Distribution (Cat. 4)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 3 - Business Travel (Cat. 6)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target*
Scope 3 - Employee Commuting (Cat. 7)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
Absolute-based Target
Scope 3 - Upstream Leased Assets (Cat. 8)
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2040
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind Paychex’s Climate Targets Data

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a. Paychex's CSR Report 2024
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Insights into Paychex's Greenhouse Gas Emissions Pathways

As of 2024, Paychex has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a

Does Paychex have a target to reduce the emissions from its operations?

As of 2024, Paychex has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Paychex's most ambitious operational target is to reduce these emissions by 70% by 2040, compared to a baseline of 3,235.095 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

As of 2024, Paychex is ahead of schedule on its operational emissions reduction target, having achieved 46.96% of the planned reduction. a

Paychex's Operational (Scope 1+2) Emissions Pathway

201920242030204008501.7 k2.55 k3.4 kBaselineCurrent (-33%)Target 2030 (-50%)Target 2040 (-70%)

Does Paychex have a target to reduce the emissions from its value chain?

As of 2024, Paychex has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a

Paychex's most ambitious value chain target is to reduce these emissions by 70% by 2040, compared to a baseline of 25,830.049 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

As of 2024, Paychex is ahead of schedule on its value chain emissions reduction target, having achieved 85.71% of the planned reduction. a

Paychex's Value Chain (Scope 3) Emissions Pathway

201920242030204006.5 k13 k19.5 k26 kBaselineCurrent (-60%)
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