Xero
Xero Limited, commonly known as Xero, is a leading cloud-based accounting software provider headquartered in New Zealand. Founded in 2006, Xero has rapidly expanded its operations across major regions, including Australia, the United Kingdom, and North America, establishing itself as a key player in the financial technology industry. Xero offers a suite of innovative products designed to simplify accounting for small to medium-sized businesses. Its unique features, such as real-time collaboration and automated bank feeds, set it apart from traditional accounting solutions. With a strong market position, Xero has garnered numerous accolades, including recognition as one of the fastest-growing software companies globally. The platform's commitment to user-friendly design and robust functionality continues to drive its success in the competitive accounting software landscape.
DitchCarbon Score
How does Xero'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
Xero's score of 50 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Xero's reported carbon emissions
In 2023, Xero reported total carbon emissions of approximately 30,000,000 kg CO2e, with emissions distributed across various scopes: 772,000 kg CO2e (Scope 1), 35,180,000 kg CO2e (Scope 2), and 30,000,000 kg CO2e (Scope 3). Notably, their Scope 3 emissions included significant contributions from business travel (6,459,000 kg CO2e) and employee commuting (2,413,000 kg CO2e). Xero has committed to achieving net-zero emissions across all scopes by 2050, as part of their long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi), which they joined in 2023. Their emissions reduction efforts are ongoing, with a focus on both immediate and long-term strategies to mitigate their carbon footprint. In previous years, Xero's emissions have shown fluctuations, with total emissions recorded at approximately 24,900,000 kg CO2e in 2022, 20,000,000 kg CO2e in 2021, and 4,949,000 kg CO2e in 2020. The company is actively working towards reducing its environmental impact while maintaining its growth trajectory in the software and services sector.
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Add to project| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 400,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 20,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 15,000,000 | 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.
Xero is committed to some reduction initiatives 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.
