AspenTech Corporation Sustainability Profile
AspenTech Corporation, commonly referred to as AspenTech, is a leading provider of software solutions for the process industries, headquartered in the United States. Founded in 1981, the company has established a strong presence in key operational regions, including Europe and Asia, focusing on sectors such as oil and gas, chemicals, and pharmaceuticals. AspenTech is renowned for its advanced process optimisation and asset performance management software, which uniquely integrates artificial intelligence and machine learning to enhance operational efficiency. The company has achieved significant milestones, including numerous awards for innovation and excellence in the industry. With a robust market position, AspenTech continues to drive digital transformation in the process industries, helping clients maximise productivity and reduce costs. Its commitment to innovation and sustainability has solidified its reputation as a trusted partner for businesses seeking to navigate the complexities of modern manufacturing.
DitchCarbon Score
How does AspenTech 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 Computer Services 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
AspenTech Corporation's score of 61 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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AspenTech Corporation, headquartered in the United States, has made significant commitments towards reducing carbon emissions, although specific emissions data for the most recent year is currently unavailable. The company is committed to achieving net-zero emissions across all scopes, with a long-term target set for 2050. This commitment is part of their alignment with the Science Based Targets initiative (SBTi), which underscores their dedication to climate action. AspenTech's net-zero commitment is classified as "committed," indicating a proactive stance towards sustainability. The company is part of a corporate family that includes Aspen Technology, Inc., which has cascading climate targets and initiatives. Notably, emissions data and performance metrics are inherited from Aspen Technology, Inc., which operates at a cascade level of 2. While specific reduction targets have not been detailed, AspenTech's overarching goal reflects a growing trend in the software and services sector to address climate change through strategic initiatives. The company is actively working towards integrating sustainable practices into its operations, aligning with industry standards for climate responsibility.
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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 AspenTech Corporation's Industry?
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AspenTech Corporation's Scope 3 Categories Breakdown
AspenTech 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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AspenTech 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.
AspenTech 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.
