Paychex
Paychex, Inc., a leading provider of payroll, human resources, and benefits outsourcing solutions, is headquartered in the United States. Founded in 1971, the company has established itself as a key player in the HR and payroll industry, serving small to medium-sized businesses across various operational regions, including the US and parts of Europe. With a comprehensive suite of services, including payroll processing, employee benefits administration, and HR compliance support, Paychex stands out for its user-friendly technology and personalised service. The company has achieved significant milestones, such as being recognised for its innovative solutions and commitment to customer satisfaction. As a trusted partner for over 700,000 businesses, Paychex continues to enhance its market position through strategic advancements and a focus on delivering exceptional value to its clients.
DitchCarbon Score
How does Paychex'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 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.
Industry Benchmark
Paychex's score of 59 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Paychex's reported carbon emissions
In 2023, Paychex reported total carbon emissions of approximately 22,898,849 kg CO2e across all scopes. This includes 2,289,849 kg CO2e from Scope 1, 3,746,634 kg CO2e from Scope 2, and a significant 22,704,633 kg CO2e from Scope 3 emissions. Notably, there has been a reduction in Scope 1 emissions from 2,792,844 kg CO2e in 2021 to 2,289,849 kg CO2e in 2023, reflecting a commitment to lowering direct emissions. The company has also demonstrated a proactive approach to managing its carbon footprint, with emissions from Scope 2 decreasing from 4,301,103 kg CO2e in 2021 to 3,746,634 kg CO2e in 2023. However, Scope 3 emissions, which encompass indirect emissions from the supply chain and other activities, remain substantial, indicating areas for further improvement. Despite the reductions in Scope 1 and 2 emissions, Paychex has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This suggests that while the company is actively monitoring and reducing its emissions, it may benefit from establishing formalised targets to enhance its climate strategy and accountability. Overall, Paychex's emissions data highlights both progress and opportunities for further action in its climate commitments, particularly in addressing the larger Scope 3 emissions.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 3,019,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,493,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Paychex is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
