Workiva Inc. Sustainability Profile
Workiva Inc., headquartered in the United States, is a leading provider of cloud-based solutions for financial and regulatory reporting. Founded in 2008, the company has established itself as a key player in the software industry, particularly in the realms of compliance, data management, and reporting automation. With a focus on enhancing transparency and collaboration, Workiva offers a suite of innovative products, including Wdesk, which streamlines the reporting process and integrates data from various sources. This unique approach not only improves accuracy but also saves time for organisations navigating complex regulatory environments. Recognised for its commitment to excellence, Workiva has received numerous accolades, solidifying its position as a trusted partner for businesses seeking to optimise their reporting processes and ensure compliance with evolving regulations.
DitchCarbon Score
How does Workiva 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 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
Workiva Inc.'s score of 58 is higher than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Workiva Inc.'s reported carbon emissions
In 2023, Workiva Inc., headquartered in the United States, reported total carbon emissions of approximately 8,000,000 kg CO2e. This figure includes 258,000 kg CO2e from Scope 1 emissions, 1,686,000 kg CO2e from Scope 2 emissions, and a significant 7,280,000 kg CO2e from Scope 3 emissions, with business travel contributing 5,644,000 kg CO2e and employee commute accounting for 915,000 kg CO2e. Workiva has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 emissions by 95.4% by 2034, using 2019 as the base year. Additionally, the company targets a 67% reduction in Scope 3 emissions intensity per USD value added within the same timeframe. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to keeping global warming below 1.5°C. Furthermore, Workiva is progressing towards carbon net zero across its value chain by 2040, with a legally binding net zero target set for 2050 and interim goals to reduce emissions by 78% by 2035. These initiatives underscore Workiva's dedication to sustainability and responsible corporate practices in the software and services sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 383,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 2,669,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 9,986,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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Workiva Inc.'s Scope 3 Categories Breakdown
Workiva Inc.'s Scope 3 emissions, which increased by 9% last year and decreased by approximately 27% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 79% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 78% of Scope 3 emissions.
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Workiva 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.
Workiva Inc. 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 Workiva Inc.'s sustainability data and climate commitments