Upbound Group, Inc. Sustainability Profile
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 55% 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, which are primarily derived from mobile and stationary combustion, and Scope 2 emissions of approximately 40,234,900 kg CO2e, attributed to purchased electricity. In 2022, the company recorded total emissions of about 91,338,000 kg CO2e, with Scope 1 emissions at approximately 47,263,000 kg CO2e and Scope 2 emissions at around 44,075,000 kg CO2e. Upbound Group has set ambitious climate commitments, aiming for a 25% reduction in both Scope 1 and Scope 2 emissions by 2030, with a baseline starting in 2024. Additionally, the company has established long-term goals to achieve net zero emissions for both Scope 1 and Scope 2 by 2050. These initiatives are supported by a transition to cloud services powered by 100% renewable energy, aligning with commitments made by major providers like AWS and Azure. The emissions data and reduction targets are sourced directly from Upbound Group, Inc., with no cascading from a parent or related organisation. The company is actively working towards its climate goals, reflecting a commitment to sustainability and reducing its carbon footprint in the coming years.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 47,263,000 | 00,000,000 |
| Scope 2 | 44,075,000 | 00,000,000 |
| Scope 3 | - | - |
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Upbound Group, 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.
Upbound Group, 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.
