Upbound Group, Inc.
Upbound Group, Inc., a leading player in the cloud-native technology sector, is headquartered in the United States. Founded in 2017, the company has rapidly established itself as a pioneer in the realm of open-source solutions, particularly with its flagship product, Upbound Universal Crossplane. This innovative platform enables organisations to manage their cloud infrastructure seamlessly, promoting efficiency and scalability. With a strong presence across North America and Europe, Upbound Group focuses on empowering enterprises to adopt cloud-native practices through its unique offerings. The company has garnered recognition for its commitment to community-driven development and has achieved significant milestones, including strategic partnerships and contributions to the open-source ecosystem. As a result, Upbound Group, Inc. is well-positioned as a trusted leader in the cloud management industry.
DitchCarbon Score
How does Upbound Group, 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.
Industry Average
Mean score of companies in the Machinery Rental 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
Upbound Group, Inc.'s score of 36 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Upbound Group, Inc.'s reported carbon emissions
In 2023, Upbound Group, Inc. reported total carbon emissions of approximately 99,186,500 kg CO2e. This figure includes Scope 1 emissions of about 58,951,600 kg CO2e, primarily from mobile combustion (approximately 40,939,200 kg CO2e) and stationary combustion (around 18,012,300 kg CO2e). Additionally, Scope 2 emissions totalled about 40,234,900 kg CO2e, all attributed to purchased electricity. Comparatively, in 2022, the company’s total emissions were approximately 91,338,000 kg CO2e, with Scope 1 emissions at about 47,263,000 kg CO2e and Scope 2 emissions at approximately 44,075,000 kg CO2e. This indicates a rise in emissions from 2022 to 2023. Upbound Group has set near-term climate commitments aimed at achieving net-zero emissions for both Scope 1 and Scope 2 by 2025. This initiative involves transitioning to cloud services powered by 100% renewable energy through partnerships with AWS and Azure, which are also committed to this goal. Currently, Upbound Group does not report any Scope 3 emissions, and there are no SBTi targets cascaded from a parent organisation. The company is actively working towards reducing its carbon footprint in alignment with industry standards and climate commitments.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 47,263,000 | 00,000,000 |
| Scope 2 | 44,075,000 | 00,000,000 |
| Scope 3 | - | - |
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.
Upbound Group, Inc. 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.
