Guidewire Sustainability Profile
Guidewire Software, Inc., commonly referred to as Guidewire, is a leading provider of software solutions for the global property and casualty insurance industry. Headquartered in the United States, the company has established a significant presence in major operational regions, including Europe and Asia-Pacific. Founded in 2001, Guidewire has achieved key milestones, such as the introduction of its cloud-based platform, which has transformed how insurers manage their operations. The company’s core offerings include its InsuranceSuite, Digital Portal, and DataHub, all designed to enhance efficiency and customer engagement. What sets Guidewire apart is its commitment to innovation and adaptability, enabling insurers to respond swiftly to market changes. With a strong market position, Guidewire has garnered recognition for its robust solutions, making it a trusted partner for insurers seeking to modernise their operations and improve service delivery.
DitchCarbon Score
How does Guidewire'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
Guidewire'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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Guidewire's reported carbon emissions
In 2023, Guidewire Software Inc. reported total greenhouse gas (GHG) emissions of approximately 28,000,000 kg CO2e, with emissions distributed across various scopes: 30,800 kg CO2e (Scope 1), 729,000 kg CO2e (Scope 2, market-based), and about 27,323,400 kg CO2e (Scope 3). The Scope 3 emissions included significant contributions from purchased goods and services (approximately 14,326,300 kg CO2e) and business travel (about 6,366,500 kg CO2e). Guidewire has set ambitious reduction targets, committing to a 50% reduction in absolute Scope 1 and Scope 2 emissions by fiscal year 2030, using 2020 as the baseline. Additionally, the company aims to reduce absolute Scope 3 emissions from fuel and energy-related activities, business travel, and employee commuting by 42% within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the goal of limiting global warming to 1.5°C. The company is also focused on engaging its supply chain, with a commitment that 50% of its suppliers by emissions covering purchased goods and services will have science-based targets by FY2028. This comprehensive approach underscores Guidewire's commitment to sustainability and climate action, positioning it as a responsible player in the software and services sector.
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| 2020 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 41,200 | 00,000 | 00,000 |
| Scope 2 | 1,421,600 | 0,000,000 | 000,000 |
| Scope 3 | 39,652,300 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Guidewire's Industry?
How Carbon Intensive is Guidewire's Location?
Guidewire's Scope 3 Categories Breakdown
Guidewire's Scope 3 emissions, which increased by 4% last year and decreased by approximately 31% since 2020, 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 52% of Scope 3 emissions.
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Guidewire'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.
Guidewire 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.
Frequently Asked Questions
Common questions about Guidewire's sustainability data and climate commitments