Xero

Xero's most recent reported emissions data is for the fiscal year 2026, with total emissions of approximately 118.1 million kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. For FY2026, Scope 1 emissions were approximately 23,000 kg CO2e, while Scope 2 emissions (market-based) were reported as 0 kg CO2e and Scope 2 (location-based) were 764,000 kg CO2e. Scope 3 emissions for FY2026 were approximately 117.3 million kg CO2e, with significant contributions from purchased goods and services (about 43.3 million kg CO2e) and business travel (about 37.4 million kg CO2e).

In FY2025, Xero reported total emissions of approximately 113.3 million kg CO2e. Scope 1 emissions were around 10,000 kg CO2e, and Scope 2 emissions (market-based) were approximately 153,000 kg CO2e, with Scope 2 (location-based) at 681,000 kg CO2e. Scope 3 emissions for FY2025 totalled approximately 112.5 million kg CO2e.

Xero has established a commitment to achieve net-zero emissions no later than fiscal year 2050. Furthermore, the company aims for a 42% reduction in Scope 1 and 2 emissions by FY2030, using FY2020 as a baseline. A 17% reduction in Scope 3 emissions is also targeted by FY2030 against the same baseline. More recently, Xero has set a target to reduce Scope 1 and 2 carbon emissions by 60% by FY2034 from an FY2024 baseline, and by FY2029, Xero aims for 70% of its suppliers (by emissions) to have a science-based target.

In line with its climate commitments, Xero has also set Science Based Targets (SBTi) which include a commitment to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 58.8% by FY2034 from an FY2024 base year. Additionally, Xero commits to reducing absolute Scope 3 GHG emissions from purchased goods and services and business travel by 35% within the same timeframe. The company also 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. Xero is also a "BA1.5" member, aligning with the goal of limiting warming to 1.5°C.