Aspen Technology Holdings Corporation Sustainability Profile
Aspen Technology Holdings Corporation, commonly referred to as AspenTech, is a leading provider of software solutions for the process industries. Headquartered in the United States, AspenTech operates globally, serving key markets in oil and gas, chemicals, pharmaceuticals, and other sectors. Founded in 1981, the company has achieved significant milestones, including its initial public offering and subsequent expansions into cloud-based solutions. AspenTech's core offerings include advanced process optimisation, asset performance management, and supply chain management software. These products are distinguished by their ability to enhance operational efficiency and drive profitability for clients. With a strong market position, AspenTech is recognised for its innovative approach and commitment to sustainability, making it a trusted partner for companies seeking to navigate the complexities of the process industry.
DitchCarbon Score
How does Aspen Technology Holdings Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Aspen Technology Holdings Corporation's score of 54 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Aspen Technology Holdings Corporation, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is a current subsidiary of Emerson Electric Co., which may influence its climate commitments and reporting practices. While Aspen Technology Holdings Corporation has not established its own reduction targets or climate pledges, it is important to note that it inherits sustainability initiatives from its parent company, Emerson Electric Co. This includes commitments to the Science Based Targets initiative (SBTi) and other climate-related frameworks. The cascading of these initiatives suggests that Aspen Technology may align its strategies with the broader goals set by Emerson Electric Co., although specific targets or achievements for Aspen Technology itself are not detailed. In summary, while Aspen Technology Holdings Corporation lacks direct emissions data and specific reduction targets, it is positioned within a corporate family that prioritises climate action through established frameworks and initiatives.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 723,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 6,074,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Aspen Technology Holdings Corporation's Industry?
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Aspen Technology Holdings Corporation's Scope 3 Categories Breakdown
Aspen Technology Holdings Corporation's Scope 3 emissions, which increased by 220% last year and increased by approximately 306% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 69% of Scope 3 emissions.
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Aspen Technology Holdings Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Aspen Technology Holdings Corporation has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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