Oracle

Application Software

ORCL

$ 106 (0.22)%

Share price

$ 290 bn

Market Cap

$ 368 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.02x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2023

Oracle aims to reduce Scope 1 + 2 by 26% by 2025 from a base year 2015

This target is most likely outdated and the company appears to have already achieved it

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2023

Oracle aims to reduce all Scopes by 50% by 2030 from a base year 2020

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Oracle reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 273 Kt (-188 /-40.8% y-o-y). Also positively, carbon intensity tumbled to 5.9 t (-5.2 /-46.8% y-o-y).

Oracle's Scope 3 emissions grew to 842 Kt (+262/+45% y-o-y). The performance has been erratic recently.

The company is committed to reducing Scope 1 + 2 by 26% by 2025 from a base year 2015, which it appears to have already achieved as of 2022. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing all Scopes by 50% by 2030 from a base year 2020, which translates into the estimated reduction of -14 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	273	10	262	842	46,073	5.9
2021Q4	460	9.5	451	580	41,399	11
2020Q4	430	10	419	1,577	39,403	11
2019Q4	366	17	349	1,544	39,583	9.2
2018Q4	380	17	362	1,766	39,445	9.6
2017Q4	418	15	403		38,791	11
2015Q4	460	15	445		37,473	12