Upwork Inc

Common Name
Upwork
Country
United States
Sector
Communication Services
Industry
Internet Content & Information
Employees
600
Ticker
UPWK
Exchange
NASDAQ/NGS
Description
Upwork Inc. operates as a global freelancing platform that connects businesses with independent professionals and agencies. Its primary function is to provide an online marketplace where companies can...

Upwork's GHG Emissions Data Preview

In 2023, Upwork 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).

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

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Upwork's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Upwork amounted to 368.8 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).

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Upwork's Scope 1 Emissions Over Time

2019202020212022202309182736tCO2e-100%NaN%NaN%NaN%
  • Total Scope 1
  • Year-over-Year Change

What are Upwork's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Upwork were 0 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Upwork reduced its Scope 1 emissions over time?

Since 2019, Upwork's Scope 1 emissions have decreased by 100%, reflecting a declining long-term trend in Scope 1 emissions over time.

What are Upwork's Scope 2 emissions?

In 2023, Upwork reported Scope 2 greenhouse gas (GHG) emissions of 18.2 tCOâ‚‚e using the market-based method, and 368.8 tCOâ‚‚e using the location-based method.

Has Upwork reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Upwork's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Upwork 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Upwork use for Scope 2 reporting?

In 2023, Upwork reported its Scope 2 emissions using the market-based method and using the location-based method.

Upwork's Scope 2 Emissions Over Time

20192020202120222023095190285380tCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Upwork's Value Chain Emissions

In 2023, Upwork reported 13,372.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Upwork includes a breakdown across 3 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.

Upwork's Scope 3 Emissions Over Time

2019202020212022202303.5 k7 k10.5 k14 ktCO2e-42%-48%+2562%+84%
  • Total Scope 3
  • Year-over-Year Change

What are Upwork's Scope 3 emissions?

In 2023, Upwork reported total Scope 3 emissions of 13,372.1 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Upwork reduced its Scope 3 emissions over time?

Since 2019, Upwork's Scope 3 emissions have increased by 1,382.49%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Upwork's Scope 3 emissions increased by 83.59%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Upwork disclose?

In 2023, Upwork reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Upwork's Scope 3 emissions?

In 2023, the largest contributors to Upwork's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 12,797.1 tCOâ‚‚e (95.7%)
  • Business Travel (Cat. 6): 385 tCOâ‚‚e (2.88%)
  • Employee Commuting (Cat. 7): 190.1 tCOâ‚‚e (1.42%)

Upwork's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(95.7%)Employee Commuting(Cat. 7)(1.4%)Business Travel(Cat. 6)(2.9%)

Insights into Upwork's Total Carbon Footprint

In 2023, Upwork reported a total carbon footprint of 13,740.9 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 79.56% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Upwork's total carbon footprint was Scope 3 emissions, accounting for 97.32% of the company's total carbon footprint, followed by Scope 2 emissions at 2.68%.

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