Oracle

"Oracle, a company based in the USA, has set a target to achieve net zero emissions by 2050. Net Zero Tracker
This includes 100% of their Scope1, Scope2, and Scope3 emissions across the organization as measured in their baseline year. Net Zero Tracker
They also have an interim target to reduce emissions by 26.0% relative to 2015 emissions by 2025. Net Zero Tracker
An interesting fact about Oracle's environmental policy is that they have a goal to reduce air travel emissions by 25% over a 2019 baseline and to use 100% renewable energy in operations, including Oracle Cloud Infrastructure, real …"

Current Score (vs. LY)

54.8 pts (-2.1)

Last Update: Dec. 12, 2023

Current Rankings

Global: #55

S&P100: #37

Information Technology: #12

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 9,48910,30016,520
Scope 2 - location-based 647,826580,770560,683
Scope 2 - market-based 450,700369,300349,022
Scope 1-2 - location-based 657,315591,070577,203
Scope 1-2 - market-based 460,189 379,600 365,542
Scope 3 580,3901,577,1751,543,540
Total - location-based 1,237,7052,168,2452,120,743
Total - market-based 1,040,579 1,931,618 1,887,849

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 1,716,0892,341,700
Methodology Pre-calculated sector intensity (revenue)Scope 3 based on previous year

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Oracle belongs to the sector Information Technology.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S3 25.0 2019 2025 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 26.0 2015 2025
S2 50.0 2020 2025
S1S2S3MKT 50.0 2020 2030
S1S2MKT 65.0 2015 2050


Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email



Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT PARTLY 2050


Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Oracle by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: Oracle has not used any project-based carbon credits within the reporting period, although the CDP questionnaire references discussions about/developing a project on establishing an offset programme for interested business units. Answered 'unsure' to question about if Oracle intends to neutralise any unabated emissions with permanent carbon removals at the target year. Details from CDP questionnaire: https://www.oracle.com/a/ocom/docs/cdp-climate-change-questionnaire-2022.pdf

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points)
Max
(points)
Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 -2.5
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 23.0 30.0 -2.5
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 6.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 5.798380303444311 10.0 0.4
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 11.798380303444311 40.0 0.4
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 10.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 0.0
Results 20.0 30.0 0.0
Total 54.8 100.0 -2.1


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 5.0 -2.5 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 8.0 0.0 8.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2050 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 6.5
5.0 / 5.0 5.0 0.0 4.2
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 0.8
0.8 / 5.0 0.4 0.4 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 15.6
Actual (in %): -0.2
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 6.5
Actual (in %): -21.2
0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %): 5.0
Actual (in %): 46.1
5.0 / 5.0 5.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 0.8
Actual (in %): 46.1
5.0 / 5.0 5.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 10.0 0.0 7.5
Total 54.8 / 100.0 56.9 -2.1 40.2


Available Data Sources

Reporting Year 2021 2021 2021 2021 2020 2020 2020 2019 2019 2019 2018 2018
Source CDP NZPDU Yourstake Wikirate (NV) CDP NZPDU Public CDP NZPDU Public Public NZPDU
Publication Year 2022 2022 2023 2022 2021 2021 2021 2020 2020 2021 2021 2019
Scope 1 9,489 9,489 9,489 9,489 10,300 10,300 10,300 16,520 16,520 16,520 17,084 17,084
Scope 2 - location-based 647,826 647,826 647,826 647,826 580,770 580,770 602,329 560,683 560,683 0 0 489,917
Scope 2 - market-based 450,700 441,983 450,700 NA 369,300 369,300 419,277 349,022 349,022 349,022 362,448 362,448
Scope 1-2 - location-based 657,315 657,315 657,315 657,315 591,070 591,070 612,629 577,203 577,203 16,520 17,084 507,001
Scope 1-2 - market-based 460,189 451,472 460,189 NA 379,600 379,600 429,577 365,542 365,542 365,542 379,532 379,532
Scope 3 580,390 580,390 580,031 580,031 1,577,175 1,577,175 1,577,085 1,543,540 1,543,540 173,807 192,845 1,766,048
Total - location-based 1,237,705 1,237,705 1,237,346 1,237,346 2,168,245 2,168,245 2,189,714 2,120,743 2,120,743 190,327 209,929 2,273,049
Total - market-based 1,040,579 1,004,460 1,040,220 NA 1,931,618 1,931,618 2,006,662 1,887,849 1,887,849 539,349 572,377 2,123,833

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email