Workiva Inc

Common Name
Workiva
Country
United States
Sector
Technology
Industry
Software - Application
Employees
2,873
Ticker
WK
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Workiva Inc. is a technology company specializing in cloud-based platforms designed to streamline and simplify the collection, management, and reporting of financial data. The company's primary functi...

Workiva's GHG Emissions Data Preview

In 2023, Workiva 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).

Workiva 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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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 Workiva's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Workiva amounted to 1,944 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Workiva decreased by 21.2%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Workiva's Scope 1 Emissions Over Time

201920202021202220230100200300400tCO2e-39%-9%+40%-13%
  • Total Scope 1
  • Year-over-Year Change

What are Workiva's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Workiva were 258 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Workiva reduced its Scope 1 emissions over time?

Since 2019, Workiva's Scope 1 emissions have decreased by 32.64%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Workiva's Scope 1 emissions decreased by 13.13%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Workiva's Scope 2 emissions?

In 2023, Workiva reported Scope 2 greenhouse gas (GHG) emissions of 1,686 tCOâ‚‚e using the location-based method.

Has Workiva reduced its Scope 2 emissions over time?

Since 2019, Workiva's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 36.83%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Workiva's Scope 2 emissions (Location-Based) fell by 22.3% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Workiva use for Scope 2 reporting?

In 2023, Workiva reported its Scope 2 emissions using the location-based method.

Workiva's Scope 2 Emissions Over Time

2019202020212022202307001.4 k2.1 k2.8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Workiva's Value Chain Emissions

In 2023, Workiva reported 7,280 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 Workiva 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.

Workiva's Scope 3 Emissions Over Time

2019202020212022202302.5 k5 k7.5 k10 ktCO2e-71%+17%+97%+9%
  • Total Scope 3
  • Year-over-Year Change

What are Workiva's Scope 3 emissions?

In 2023, Workiva reported total Scope 3 emissions of 7,280 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 Workiva reduced its Scope 3 emissions over time?

Since 2019, Workiva's Scope 3 emissions have decreased by 27.1%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Workiva's Scope 3 emissions remained relatively stable, indicating that Workiva 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Workiva disclose?

In 2023, Workiva reported emissions for 4 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 Workiva's Scope 3 emissions?

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

  • Business Travel (Cat. 6): 5,644 tCOâ‚‚e (77.53%)
  • Employee Commuting (Cat. 7): 915 tCOâ‚‚e (12.57%)
  • Upstream Leased Assets (Cat. 8): 678 tCOâ‚‚e (9.31%)

Workiva's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(77.5%)Upstream LeasedAssets (Cat. 8)(9.3%)Employee Commuting(Cat. 7)(12.6%)

Insights into Workiva's Total Carbon Footprint

In 2023, Workiva reported a total carbon footprint of 9,224 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.03% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Workiva's total carbon footprint was Scope 3 emissions, accounting for 78.92% of the company's total carbon footprint, followed by Scope 2 emissions at 18.28%.