Paychex Inc
Paychex's GHG Emissions Data Preview
In 2023, Paychex 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).
Paychex has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Paychex’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 Paychex’s data sources below and access millions more through our Disclosure Search.
Insights into Paychex's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Paychex amounted to 6,036.483 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 2022, the total operational greenhouse gas (GHG) emissions of Paychex decreased by 8.15%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Paychex's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Paychex's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Paychex were 2,289.849 metric tons of CO₂ equivalent (tCO₂e). a
Has Paychex reduced its Scope 1 emissions over time?
Since 2018, Paychex's Scope 1 emissions have decreased by 24.15%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Paychex's Scope 1 emissions decreased by 16.75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Paychex's Scope 2 emissions?
In 2023, Paychex reported Scope 2 greenhouse gas (GHG) emissions of 3,746.634 tCO₂e using the location-based method. a
Has Paychex reduced its Scope 2 emissions over time?
Since 2018, Paychex's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have remained relatively stable, indicating that Paychex 's emissions have plateaued with no significant change in its energy consumption footprint. a b
Compared to the previous year (2022), Paychex's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Paychex 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Paychex use for Scope 2 reporting?
In 2023, Paychex reported its Scope 2 emissions using the location-based method. a
Paychex's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Paychex's Value Chain Emissions
In 2023, Paychex reported 35,510.937 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 2023 disclosure of Paychex includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Paychex's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Paychex's Scope 3 emissions?
In 2023, Paychex reported total Scope 3 emissions of 35,510.937 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2022), Paychex's Scope 3 emissions increased by 21.88%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Paychex disclose?
In 2023, Paychex reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Paychex's Scope 3 emissions?
In 2023, the largest contributors to Paychex's Scope 3 emissions were: a
- Downstream Transportation and Distribution (Cat. 9): 22,704.633 tCO₂e (63.94%)
- Upstream Leased Assets (Cat. 8): 6,996.617 tCO₂e (19.7%)
- Employee Commuting (Cat. 7): 3,383.334 tCO₂e (9.53%)
Paychex's Scope 3 Emissions by Categories
Insights into Paychex’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Paychex reported Scope 1 greenhouse gas (GHG) emissions of 2,289.849 tCO₂e and total revenues of USD 5,007 millions. This translates into an emissions intensity of 0.46 tCO₂e per millions USD. a
Paychex's Scope 1 Emissions Intensity Compared to Peers
How does Paychex's GHG emissions intensity compare to its peers?
In 2023, Paychex reported a Scope 1 emissions intensity of 0.46 tCO₂e per millions USD. Compared to the peer group median of 0.28 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Paychex rank on GHG emissions intensity within its industry?
In 2023, Paychex ranked 15 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Paychex among the least efficient performers, with one of the highest emissions intensities in its sector. a
Insights into Paychex's Total Carbon Footprint
In 2023, Paychex reported a total carbon footprint of 41,547.42 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.35% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Paychex's total carbon footprint was Scope 3 emissions, accounting for 85.47% of the company's total carbon footprint, followed by Scope 2 emissions at 9.02%. a