Xero
Xero Limited, commonly known as Xero, is a leading cloud-based accounting software provider headquartered in Wellington, New Zealand. Founded in 2006, Xero has rapidly expanded its operations across major regions, including Australia, the United Kingdom, and North America. The company primarily serves small to medium-sized enterprises (SMEs) within the financial technology industry, offering innovative solutions that streamline accounting processes. Xero's core products include its comprehensive accounting platform, which features invoicing, payroll, and expense management tools. What sets Xero apart is its user-friendly interface and seamless integration with a wide range of third-party applications. With millions of subscribers globally, Xero has established a strong market position, recognised for its commitment to enhancing the financial health of businesses through technology.
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 93% 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 million tonnes CO2e, with emissions distributed across various scopes: 772,000 tonnes CO2e from Scope 1, 35.2 million tonnes CO2e from Scope 2, and 30 million tonnes CO2e from Scope 3. Notably, the Scope 3 emissions included significant contributions from business travel (about 6.5 million tonnes CO2e) and employee commuting (approximately 4.8 million tonnes CO2e). Xero has committed to achieving net-zero emissions across all scopes by 2050, as part of its long-term climate strategy. This commitment aligns with the Science Based Targets initiative (SBTi), which Xero joined in 2023. The company aims to implement substantial reductions in its carbon footprint, although specific percentage reduction targets have not been disclosed. Over the past few years, Xero's emissions have shown fluctuations, with total emissions recorded at about 49.5 million tonnes CO2e in 2020, increasing to approximately 30 million tonnes CO2e in 2023. The company is actively working on initiatives to reduce its environmental impact, focusing on improving energy efficiency and promoting sustainable practices within its operations and supply chain.
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Add to project2020 | 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.
