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Public Profile
Business Services
US
updated 8 months ago

GlobeNewswire, Inc. Sustainability Profile

Company website

GlobeNewswire, Inc., a leading provider of press release distribution and regulatory disclosure services, is headquartered in the United States. Founded in 2000, the company has established itself as a key player in the financial communications industry, serving clients across North America and Europe. GlobeNewswire offers a comprehensive suite of services, including multimedia distribution, targeted media outreach, and analytics, which set it apart from competitors. Its commitment to innovation and reliability has earned it a strong market position, making it a preferred choice for businesses seeking to enhance their visibility and engagement with investors and the media. With a focus on delivering timely and impactful communications, GlobeNewswire continues to achieve notable milestones, solidifying its reputation as a trusted partner in the realm of corporate communications.

DitchCarbon Score

How does GlobeNewswire, Inc.'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.

69

Industry Average

Mean score of companies in the Business 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.

26

Industry Benchmark

GlobeNewswire, Inc.'s score of 69 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.

84%

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GlobeNewswire, Inc.'s reported carbon emissions

Inherited from Nasdaq, Inc.

GlobeNewswire, Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is part of a corporate family that includes Nasdaq, Inc., from which it inherits climate commitments and initiatives. As a merged entity, GlobeNewswire aligns its climate strategies with those of Nasdaq, Inc. This includes participation in various sustainability initiatives such as the Science Based Targets initiative (SBTi), the Carbon Disclosure Project (CDP), and the Race to Zero campaign, all of which are cascaded from Nasdaq at a level 2 relationship. These initiatives reflect a commitment to reducing carbon emissions and enhancing sustainability practices. While specific reduction targets or achievements for GlobeNewswire are not detailed, the overarching goals set by Nasdaq, Inc. indicate a proactive approach towards climate action. The absence of direct emissions data suggests that GlobeNewswire may still be in the process of establishing its own specific targets or reporting mechanisms. In summary, while GlobeNewswire, Inc. does not currently provide specific emissions data, it is committed to sustainability through its association with Nasdaq, Inc., which leads various climate initiatives aimed at reducing carbon footprints and promoting environmental responsibility.

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201820192020202120222023
Scope 1
-
-
0,000
000
00,000
00,000
Scope 2
35,305,000
00,000,000
00,000,000
00,000,000
000,000
00,000
Scope 3
28,054,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000

How Carbon Intensive is GlobeNewswire, Inc.'s Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. GlobeNewswire, Inc.'s primary industry is Other business services (74), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is GlobeNewswire, Inc.'s Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for GlobeNewswire, Inc. is in US, which has a low grid carbon intensity relative to other regions.

GlobeNewswire, Inc.'s Scope 3 Categories Breakdown

GlobeNewswire, Inc.'s Scope 3 emissions, which increased by 7% last year and increased by approximately 227% since 2018, 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 "Purchased Goods and Services" being the largest emissions source at 66% of Scope 3 emissions.

Top Scope 3 Categories

2023
Purchased Goods and Services
66%
Business Travel
21%
Capital Goods
5%
Investments
4%
Employee Commuting
2%
Fuel and Energy Related Activities
1%
Upstream Leased Assets
<1%
Waste Generated in Operations
<1%
Downstream Leased Assets
<1%

GlobeNewswire, Inc.'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.

GlobeNewswire, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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