Xero Ltd
Xero's GHG Emissions Data Preview
In 2024, Xero 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).
Xero has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 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.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 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 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 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 Xero’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 Xero’s data sources below and access millions more through our Disclosure Search.
Insights into Xero's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Xero amounted to 793 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 Xero increased by 2.72%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Xero's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Xero's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Xero were 11 metric tons of CO₂ equivalent (tCO₂e). a
Has Xero reduced its Scope 1 emissions over time?
Since 2020, Xero's Scope 1 emissions have decreased by 78.43%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Xero's Scope 1 emissions increased by 57.14%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Xero's Scope 2 emissions?
In 2024, Xero reported Scope 2 greenhouse gas (GHG) emissions of 843 tCO₂e using the market-based method and 782 tCO₂e using the location-based method. a
Has Xero reduced its Scope 2 emissions over time?
Since 2020, Xero's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 16.36%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), Xero's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Xero 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Xero use for Scope 2 reporting?
In 2024, Xero reported its Scope 2 emissions using the market-based method and using the location-based method. a
Xero's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Xero's Value Chain Emissions
In 2024, Xero reported 35,180 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 Xero includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 6 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Xero's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Xero's Scope 3 emissions?
In 2024, Xero reported total Scope 3 emissions of 35,180 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
Has Xero reduced its Scope 3 emissions over time?
Since 2020, Xero's Scope 3 emissions have increased by 200.15%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), Xero's Scope 3 emissions increased by 193.68%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Xero disclose?
In 2024, Xero reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Xero's Scope 3 emissions?
In 2024, the largest contributors to Xero's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 21,523 tCO₂e (61.18%)
- Business Travel (Cat. 6): 8,568 tCO₂e (24.35%)
- Employee Commuting (Cat. 7): 2,614 tCO₂e (7.43%)
Xero's Scope 3 Emissions by Categories
Insights into Xero’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Xero reported Scope 1 greenhouse gas (GHG) emissions of 11 tCO₂e and total revenues of USD 1,028 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD. a
Xero's Scope 1 Emissions Intensity Compared to Peers
How does Xero's GHG emissions intensity compare to its peers?
In 2024, Xero reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 0.45 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Xero rank on GHG emissions intensity within its industry?
In 2024, Xero ranked 2 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Xero among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Xero's Total Carbon Footprint
In 2024, Xero reported a total carbon footprint of 35,973 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 182.12% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Xero's total carbon footprint was Scope 3 emissions, accounting for 97.8% of the company's total carbon footprint, followed by Scope 2 emissions at 2.17%. a