Xero

Xero, a New Zealand-headquartered company in the Computer and related services sector, reported its latest carbon emissions for the 2026 fiscal year. The company's total emissions for 2026 were approximately 89.2 million kg CO2e. This included 23,000 kg CO2e from Scope 1 emissions, 764,000 kg CO2e from Scope 2 (location-based), and around 88.4 million kg CO2e from Scope 3 emissions. Key contributors to Scope 3 were purchased goods and services at approximately 43.3 million kg CO2e and business travel at about 37.4 million kg CO2e.

In the previous fiscal year (2025), Xero's reported emissions included 10,000 kg CO2e from Scope 1, 681,000 kg CO2e from Scope 2 (location-based), and roughly 69.8 million kg CO2e from Scope 3. The 2024 fiscal year saw total emissions of approximately 35.2 million kg CO2e, with around 782,000 kg CO2e from Scope 1 and approximately 13.6 million kg CO2e from Scope 3. Notably, Scope 2 emissions data was not disclosed for 2024. For 2023, the company reported approximately 12.0 million kg CO2e in Scope 3 emissions, with Scope 1 and 2 totalling about 772,000 kg CO2e.

Xero has set several climate commitments. The company aims for Net-Zero emissions across all scopes no later than fiscal year 2050. For near-term targets, Xero commits to reducing absolute Scope 1 and 2 greenhouse gas emissions by 58.8% by FY2034 from a FY2024 base year. Additionally, it plans to reduce absolute Scope 3 GHG emissions from purchased goods and services and business travel by 35% within the same timeframe (FY2024 base year to FY2034). Xero further commits that 67.4% of its suppliers, by emissions, covering purchased goods and services and upstream transportation and distribution, will have science-based targets by FY2029. These near-term targets for Scope 1 and 2 are classified as consistent with reductions required to keep warming to 1.5°C by the Science Based Targets initiative (SBTi).