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 52 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Xero's reported carbon emissions
In 2024, Xero reported total carbon emissions of approximately 35,180,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 34,800,000 kg CO2e. Within this, the breakdown included 7,820,000 kg CO2e from Scope 1 and 13,602,000 kg CO2e from Scope 2. The company has set ambitious climate commitments, aiming for a 42% reduction in Scope 1 and 2 emissions by 2030 from a fiscal year 2020 baseline, and a 17% reduction in Scope 3 emissions by the same year. Furthermore, Xero is committed to achieving net-zero emissions by no later than 2050, with fewer than 10% of total emissions requiring abatement through offsets. These targets reflect Xero's dedication to sustainability and its proactive approach to addressing climate change, aligning with industry standards and expectations.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 000,000 |
| Scope 2 | - | - | - | - | 00,000,000 |
| Scope 3 | 11,721,000 | 0,000,000 | 0,000,000 | 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 participating in some 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.
