Progress Software Corp

Common Name
Progress Software
Country
United States
Sector
Technology
Industry
Software - Infrastructure
Employees
2,815
Ticker
PRGS
Exchange
NASDAQ/NGS
Description
Progress Software Corporation is a global leader in the development and deployment of business applications. Specializing in offering high-impact technological solutions, Progress Software provides bu...

Progress Software's GHG Emissions Data Preview

In 2023, Progress Software 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).

Progress Software has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Progress Software’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 Progress Software’s data sources below and access millions more through our Disclosure Search.

a. Progress Software's CSR Report 2023
a. Progress Software's CSR Report 2023

Insights into Progress Software's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Progress Software amounted to 1,574.551 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 Progress Software decreased by 12.35%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Progress Software's Scope 1 Emissions Over Time

20222023020406080tCO2e-13%
  • Total Scope 1
  • Year-over-Year Change

What are Progress Software's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Progress Software were 59.517 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), Progress Software's Scope 1 emissions decreased by 13.39%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Progress Software's Scope 2 emissions?

In 2023, Progress Software reported Scope 2 greenhouse gas (GHG) emissions of 1,515.035 tCO₂e without specifying the calculation method. a

Has Progress Software reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Progress Software's Scope 2 emissions (Unspecified Calculation Method) fell by 12.31% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Progress Software use for Scope 2 reporting?

In 2023, Progress Software reported its Scope 2 emissions using an unspecified methodology. a

Progress Software's Scope 2 Emissions Over Time

2022202304509001.35 k1.8 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Progress Software's Value Chain Emissions

In 2023, Progress Software reported 2,771.801 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 Progress Software includes a breakdown across 1 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

Progress Software's Scope 3 Emissions Over Time

2022202307001.4 k2.1 k2.8 ktCO2e+8%
  • Total Scope 3
  • Year-over-Year Change

What are Progress Software's Scope 3 emissions?

In 2023, Progress Software reported total Scope 3 emissions of 2,771.801 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), Progress Software's Scope 3 emissions remained relatively stable, indicating that Progress Software 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Progress Software disclose?

In 2023, Progress Software reported emissions for 1 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 Progress Software's Scope 3 emissions?

In 2023, the largest contributors to Progress Software's Scope 3 emissions were: a

  • Business Travel (Cat. 6): 2,771.48 tCO₂e (100%)

Progress Software's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Progress Software’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Progress Software reported Scope 1 greenhouse gas (GHG) emissions of 59.517 tCO₂e and total revenues of USD 694 millions. This translates into an emissions intensity of 0.09 tCO₂e per millions USD. a

Progress Software's Scope 1 Emissions Intensity Compared to Peers

101005005,00050,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)SamsaraYear: 2022Scope 1: 235 tCO2eRevenue: $M 653Scope 1 Intensity: 0.36 tCO2e/$MWEXYear: 2023Scope 1: 1,246 tCO2eRevenue: $M 2,548Scope 1 Intensity: 0.49 tCO2e/$MNetscout SystemsYear: 2023Scope 1: 410 tCO2eRevenue: $M 915Scope 1 Intensity: 0.45 tCO2e/$MZscalerYear: 2023Scope 1: 340 tCO2eRevenue: $M 1,617Scope 1 Intensity: 0.21 tCO2e/$MFortinetYear: 2024Scope 1: 1,606 tCO2eRevenue: $M 5,956Scope 1 Intensity: 0.27 tCO2e/$MUiPathYear: 2024Scope 1: 649 tCO2eRevenue: $M 1,430Scope 1 Intensity: 0.45 tCO2e/$MSynopsysYear: 2023Scope 1: 3,697 tCO2eRevenue: $M 5,318Scope 1 Intensity: 0.70 tCO2e/$MCsg Systems InternationalYear: 2021Scope 1: 573 tCO2eRevenue: $M 1,047Scope 1 Intensity: 0.55 tCO2e/$MNutanixYear: 2024Scope 1: 331 tCO2eRevenue: $M 2,149Scope 1 Intensity: 0.15 tCO2e/$MGen DigitalYear: 2024Scope 1: 423 tCO2eRevenue: $M 3,811Scope 1 Intensity: 0.11 tCO2e/$MGoDaddyYear: 2024Scope 1: 832 tCO2eRevenue: $M 4,574Scope 1 Intensity: 0.18 tCO2e/$MF5Year: 2023Scope 1: 781 tCO2eRevenue: $M 2,813Scope 1 Intensity: 0.28 tCO2e/$MBlockYear: 2023Scope 1: 855 tCO2eRevenue: $M 21,917Scope 1 Intensity: 0.04 tCO2e/$MOracleYear: 2023Scope 1: 15,200 tCO2eRevenue: $M 49,951Scope 1 Intensity: 0.30 tCO2e/$MTeradataYear: 2023Scope 1: 142 tCO2eRevenue: $M 1,832Scope 1 Intensity: 0.08 tCO2e/$MDropboxYear: 2023Scope 1: 699 tCO2eRevenue: $M 2,502Scope 1 Intensity: 0.28 tCO2e/$MPayoneer GlobalYear: 2024Scope 1: 452 tCO2eRevenue: $M 721Scope 1 Intensity: 0.63 tCO2e/$MAkamai TechnologiesYear: 2024Scope 1: 45 tCO2eRevenue: $M 3,982Scope 1 Intensity: 0.01 tCO2e/$MMongoDBYear: 2024Scope 1: 326 tCO2eRevenue: $M 2,006Scope 1 Intensity: 0.16 tCO2e/$MPalantir TechnologiesYear: 2023Scope 1: 22 tCO2eRevenue: $M 2,222Scope 1 Intensity: 0.01 tCO2e/$MRapid7Year: 2021Scope 1: 1,288 tCO2eRevenue: $M 535Scope 1 Intensity: 2.41 tCO2e/$MTwilioYear: 2023Scope 1: 866 tCO2eRevenue: $M 4,154Scope 1 Intensity: 0.21 tCO2e/$MCloudflareYear: 2024Scope 1: 198 tCO2eRevenue: $M 1,669Scope 1 Intensity: 0.12 tCO2e/$MProgress SoftwareYear: 2023Scope 1: 60 tCO2eRevenue: $M 694Scope 1 Intensity: 0.09 tCO2e/$M

How does Progress Software's GHG emissions intensity compare to its peers?

In 2023, Progress Software reported a Scope 1 emissions intensity of 0.09 tCO₂e per millions USD. Compared to the peer group median of 0.27 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Progress Software rank on GHG emissions intensity within its industry?

In 2023, Progress Software ranked 5 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Progress Software among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Progress Software's Total Carbon Footprint

In 2023, Progress Software reported a total carbon footprint of 4,346.352 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.19% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Progress Software's total carbon footprint was Scope 3 emissions, accounting for 63.77% of the company's total carbon footprint, followed by Scope 2 emissions at 34.86%. a

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