In 2024, 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 61.827a | 59.517a | 68.714b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,622.237a | 1,518.39a | 1,727.649b | |
Total Scope 3 | 2,705.194a | 2,771.801a | 2,558.326b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0821a | 0.0857a | 0.1141b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Progress Software amounted to 1,684.063 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 Progress Software increased by 6.73%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Progress Software were 61.827 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Progress Software's Scope 1 emissions have decreased by 10.02%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Progress Software's Scope 1 emissions increased by 3.88%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Progress Software reported Scope 2 greenhouse gas (GHG) emissions of 1,622.237 tCO₂e without specifying the calculation method.a
Since 2022, Progress Software's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Progress Software's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Progress Software's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Progress Software's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Progress Software reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Progress Software reported 2,705.194 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 Progress Software includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Progress Software reported total Scope 3 emissions of 2,705.194 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
Since 2022, Progress Software's Scope 3 emissionshave remained relatively stable, indicating that Progress Software's emissions have plateaued with no significant change in its value chain footprint.ab
Compared to the previous year (2023), 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
In 2024, 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.
In 2024, the largest contributors to Progress Software's Scope 3 emissions were:a
In 2024, Progress Software reported Scope 1 greenhouse gas (GHG) emissions of 61.827 tCO₂e and total revenues of USD 753 millions. This translates into an emissions intensity of 0.08 tCO₂e per millions USD.a
In 2024, Progress Software reported a Scope 1 emissions intensity of 0.08 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
In 2024, 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
In 2024, Progress Software reported a total carbon footprint of 4,389.257 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.91% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Progress Software's total carbon footprint was Scope 3 emissions, accounting for 61.63% of the company's total carbon footprint, followed by Scope 2 emissions at 36.96%.a