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Xero Ltd

Common Name
Xero
Country
New Zealand
Sector
Technology
Industry
Software - Application
Employees
5,114
Ticker
XRO
Exchange
Australian Securities Exchange
Description
Xero Limited is a leading provider of cloud-based business management software, specializing in online accounting and financial solutions for small businesses and their advisors. Headquartered in Well...

Xero's GHG Emissions Data Preview

In 2025, 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 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
18a
11b
7b
Total Scope 2
Market-Based
153a
609a
N/A
Location-Based
681a
746a
765b
Unspecified Calculation Method
N/AN/AN/A
Total Scope 3
55,825a
35,180b
11,979b
Total Scope 1 Revenue Intensity (tCO2e/$M)
0.0151a
0.0107b
0.008b
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Verified 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.

a. Xero's Sustainability Report 2025
b. Xero's ESG Data Spreadsheet 2024

Insights into Xero's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Xero amounted to 699 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 2024, the total operational greenhouse gas (GHG) emissions of Xero decreased by 7.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

Xero's Scope 1 Emissions Over Time

202020212022202320242025015304560tCO2e-86%-29%+40%+57%+64%
  • Total Scope 1
  • Year-over-Year Change

What are Xero's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Xero were 18 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 64.71%, reflecting a declining long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2024), Xero's Scope 1 emissions increased by 63.64%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab

What are Xero's Scope 2 emissions?

In 2025, Xero reported Scope 2 greenhouse gas (GHG) emissions of 153 tCO₂e using the market-based method and 681 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 27.17%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year (2024), 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 2025, 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

20202021202220232024202502505007501 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Xero's Value Chain Emissions

In 2025, Xero reported 55,825 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 2025 disclosure of Xero includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2024, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Xero's Scope 3 Emissions Over Time

202020212022202320242025015 k30 k45 k60 ktCO2e-69%+39%+141%+194%+59%
  • Total Scope 3
  • Year-over-Year Change

What are Xero's Scope 3 emissions?

In 2025, Xero reported total Scope 3 emissions of 55,825 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 99.97% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.03% 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 376.28%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2024), Xero's Scope 3 emissions increased by 58.68%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

What categories of Scope 3 emissions does Xero disclose?

In 2025, Xero reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This reflects a high level of granularity and transparency in the company's emissions reporting.

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

In 2025, the largest contributors to Xero's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 37,416 tCO₂e (67.02%)
  • Business Travel (Cat. 6): 13,299 tCO₂e (23.82%)
  • Employee Commuting (Cat. 7): 2,285 tCO₂e (4.09%)

Xero's Scope 3 Emissions by Categories

Employee Commuting(Cat. 7)(4.1%)Purchased Goods andServices (Cat. 1)(67.0%)Business Travel(Cat. 6)(23.8%)

Insights into Xero’s GHG Emissions Intensity Compared to Industry Peers

In 2025, Xero reported Scope 1 greenhouse gas (GHG) emissions of 18 tCO₂e and total revenues of USD 1,192 millions. This translates into an emissions intensity of 0.02 tCO₂e per millions USD.a

Xero's Scope 1 Emissions Intensity Compared to Peers

10502001,0005,000Scope 1 Emissions (tCO2e)1002005002,0005,000Revenues (Millions of USD)WorkivaYear: 2024Scope 1: 209 tCO2eRevenue: $M 739Scope 1 Intensity: 0.28 tCO2e/$Mmonday.comYear: 2024Scope 1: 155 tCO2eRevenue: $M 972Scope 1 Intensity: 0.16 tCO2e/$MTotvsYear: 2024Scope 1: 1,774 tCO2eRevenue: $M 796Scope 1 Intensity: 2.23 tCO2e/$MUnity SoftwareYear: 2024Scope 1: 493 tCO2eRevenue: $M 1,813Scope 1 Intensity: 0.27 tCO2e/$MObicYear: 2024Scope 1: 218 tCO2eRevenue: $M 737Scope 1 Intensity: 0.30 tCO2e/$MKingsoft OfficeYear: 2023Scope 1: 238 tCO2eRevenue: $M 641Scope 1 Intensity: 0.37 tCO2e/$MKingsoft Cloud HoldingsYear: 2023Scope 1: 67 tCO2eRevenue: $M 992Scope 1 Intensity: 0.07 tCO2e/$MCommvault SystemsYear: 2025Scope 1: 638 tCO2eRevenue: $M 996Scope 1 Intensity: 0.64 tCO2e/$MPegasystemsYear: 2024Scope 1: 61 tCO2eRevenue: $M 1,499Scope 1 Intensity: 0.04 tCO2e/$MTemenosYear: 2025Scope 1: 562 tCO2eRevenue: $M 1,091Scope 1 Intensity: 0.52 tCO2e/$MPaylocity HoldingYear: 2025Scope 1: 79 tCO2eRevenue: $M 1,596Scope 1 Intensity: 0.05 tCO2e/$MElasticYear: 2025Scope 1: 241 tCO2eRevenue: $M 1,483Scope 1 Intensity: 0.16 tCO2e/$MPaycom SoftwareYear: 2024Scope 1: 558 tCO2eRevenue: $M 1,883Scope 1 Intensity: 0.30 tCO2e/$MWiseTech GlobalYear: 2024Scope 1: 348 tCO2eRevenue: $M 464Scope 1 Intensity: 0.75 tCO2e/$MNemetschekYear: 2025Scope 1: 1,673 tCO2eRevenue: $M 1,400Scope 1 Intensity: 1.19 tCO2e/$MSmartsheetYear: 2024Scope 1: 90 tCO2eRevenue: $M 958Scope 1 Intensity: 0.09 tCO2e/$MFull Truck AllianceYear: 2024Scope 1: 384 tCO2eRevenue: $M 1,540Scope 1 Intensity: 0.25 tCO2e/$MBentley SystemsYear: 2024Scope 1: 1,604 tCO2eRevenue: $M 1,353Scope 1 Intensity: 1.19 tCO2e/$MShanghai Baosight SoftwareYear: 2024Scope 1: 189 tCO2eRevenue: $M 1,870Scope 1 Intensity: 0.10 tCO2e/$MDayforceYear: 2024Scope 1: 230 tCO2eRevenue: $M 1,760Scope 1 Intensity: 0.13 tCO2e/$MGuidewire SoftwareYear: 2024Scope 1: 26 tCO2eRevenue: $M 981Scope 1 Intensity: 0.03 tCO2e/$MDynatraceYear: 2024Scope 1: 294 tCO2eRevenue: $M 1,431Scope 1 Intensity: 0.21 tCO2e/$MXeroYear: 2025Scope 1: 18 tCO2eRevenue: $M 1,192Scope 1 Intensity: 0.02 tCO2e/$M

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

In 2025, Xero reported a Scope 1 emissions intensity of 0.02 tCO₂e per millions USD. Compared to the peer group median of 0.26, 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 2025, Xero ranked 1 out of 22 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 2025, Xero reported a total carbon footprint of 56,524 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 57.29% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Xero's total carbon footprint was Scope 3 emissions, accounting for 98.76% of the company's total carbon footprint, followed by Scope 2 emissions at 1.2%.a

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