Docebo Inc. (DCBO): Analyse du Pestle [Jan-2025 MISE À JOUR]

Dans le paysage rapide de l'apprentissage numérique en évolution, Docebo Inc. apparaît comme un acteur pivot, naviguant des marchés mondiaux complexes avec une technologie innovante et des informations stratégiques. Cette analyse complète du pilon dévoile les dimensions à multiples facettes qui façonnent la trajectoire de l'entreprise, offrant une plongée profonde dans les facteurs politiques, économiques, sociologiques, technologiques, juridiques et environnementaux stimulant sa croissance et son potentiel remarquables. De la stabilité réglementaire canadienne aux solutions d'apprentissage de pointe axées sur l'IA, Docebo représente une étude de cas convaincante sur la façon dont les entreprises technologiques modernes s'adaptent et prospèrent dans un écosystème mondial dynamique interconnecté.

Docebo Inc. (DCBO) - Analyse du pilon: facteurs politiques

Environnement réglementaire de l'entreprise de technologie canadienne

Docebo fonctionne dans le cadre de la technologie de la technologie et de l'innovation canadien, avec des exigences de conformité spécifiques:

Aspect réglementaire	Détails spécifiques
Règlement sur l'innovation technologique	Conforme aux directives canadiennes sur l'innovation et le développement économique des sciences
Gouvernance d'entreprise	Adhère aux exigences de cotation de la bourse de Toronto (TSX)

Politiques commerciales de technologie transfrontalières

La politique commerciale clé a un impact sur les opérations internationales de Docebo:

• Sous réserve des règlements sur le commerce technologique des États-Unis-MEXICO (CUSMA)
• Navigue sur les restrictions d'exportation des services numériques et les exigences de conformité
• Gère les réglementations de transfert de technologie internationales

Soutien gouvernemental à l'apprentissage numérique

Le gouvernement canadien de l'innovation numérique supporte les métriques:

Mécanisme de soutien	Allocation financière (2023)
Subventions d'innovation numérique	CAD 42,5 millions de dollars
Financement de la recherche technologique	CAD 31,2 millions de dollars

Conformité internationale sur la protection des données

Cadres de conformité réglementaire:

• Entièrement conforme au règlement général sur la protection des données (RGPD)
• Adhère à la loi canadienne sur la protection des informations personnelles et les documents électroniques (PIPEDA)
• Suit les exigences de California Consumer Privacy Act (CCPA)

Mesures de conformité globale sur la protection des données:

Règlement	Statut de conformité	Investissement annuel de conformité
RGPD	Compliance complète	1,3 million de dollars CAD
Pipeda	Compliance complète	CAD 875 000 $
CCPA	Compliance complète	CAD 650 000 $

Docebo Inc. (DCBO) - Analyse du pilon: facteurs économiques

Chart économique mondial affectant le marché des technologies d'apprentissage des entreprises

Le marché mondial des entreprises en ligne était évalué à 249,85 milliards de dollars en 2022 et devrait atteindre 516,18 milliards de dollars d'ici 2030, avec un TCAC de 9,9%.

Segment de marché	Valeur 2022	2030 valeur projetée	TCAC
Marché de l'apprentissage en ligne d'entreprise	249,85 milliards de dollars	516,18 milliards de dollars	9.9%

Croissance potentielle des revenus dans les secteurs de la formation à distance et à la formation numérique

Le marché à distance de la formation au travail devrait passer de 15,7 milliards de dollars en 2022 à 37,5 milliards de dollars d'ici 2027, représentant un TCAC de 19,1%.

Segment de marché	Valeur 2022	2027 Valeur projetée	TCAC
Marché de formation à distance	15,7 milliards de dollars	37,5 milliards de dollars	19.1%

Vulnérabilité aux cycles d'investissement technologique et aux dépenses des entreprises

Les tendances des investissements en formation technologique montrent des modèles cycliques avec des dépenses de formation annuelles moyennes de 1 286 $ par employé en 2023.

Métrique	Valeur 2023
Dépenses de formation moyenne par les entreprises par employé	$1,286

Risques de change en raison des opérations du marché international

Docebo opère dans plusieurs devises, avec une exposition significative à l'USD, EUR et CAD. L'indice de volatilité des devises pour 2023 montre un potentiel de fluctuation de 6,2%.

Devise	Volatilité du taux de change (2023)
USD	6.2%
Eur	5.8%
GOUJAT	5.5%

Docebo Inc. (DCBO) - Analyse du pilon: facteurs sociaux

Demande croissante de plateformes d'apprentissage à distance et numérique

La taille du marché mondial de l'apprentissage numérique a atteint 272,5 milliards de dollars en 2022, prévoyant à 645,6 milliards de dollars d'ici 2030, avec un TCAC de 13,5%.

Segment de marché	Valeur 2022	2030 valeur projetée
Apprentissage en ligne d'entreprise	89,5 milliards de dollars	217,3 milliards de dollars
Plates-formes d'apprentissage à distance	58,2 milliards de dollars	142,6 milliards de dollars

Accent croissant sur le lieu de travail sur le développement professionnel continu

93% des employés resteraient plus longtemps dans une entreprise qui investirait dans leur développement de carrière. Les budgets de formation et de développement ont augmenté de 12,7% en 2023.

Industrie	Investissement moyen de formation par employé
Technologie	$1,544
Soins de santé	$1,287
Services financiers	$1,652

Vers des technologies d'apprentissage personnalisées et adaptatives

Le marché des technologies d'apprentissage adaptatif devrait atteindre 5,4 milliards de dollars d'ici 2027, avec un taux de croissance annuel de 38%.

Type de technologie d'apprentissage	2022 Part de marché	2027 Part de marché prévu
Personnalisation dirigée par l'IA	22%	41%
Plateformes d'apprentissage adaptatives	18%	35%

Préférences générationnelles pour les expériences d'apprentissage compatiblesant la technologie

78% des milléniaux et la génération Z préfèrent les plateformes d'apprentissage numérique. Le marché de l'apprentissage mobile devrait atteindre 115,5 milliards de dollars d'ici 2026.

Génération	Préférence d'apprentissage numérique	Heures moyennes de formation en ligne par an
Milléniaux	82%	47 heures
Gen Z	74%	34 heures
Gen X	65%	28 heures

Docebo Inc. (DCBO) - Analyse du pilon: facteurs technologiques

Investissement continu dans l'IA et les capacités d'apprentissage automatique

Docebo a déclaré des dépenses de R&D de 24,7 millions de dollars en 2022, représentant 34,2% des revenus totaux, spécifiquement alloués aux progrès technologiques de l'IA et de l'apprentissage automatique.

Catégorie d'investissement technologique	Montant ($)	Pourcentage de revenus
Développement d'IA	12,3 millions	17.1%
Recherche d'apprentissage automatique	8,5 millions	11.8%
Analytique avancée	3,9 millions	5.4%

Positionnement de plate-forme basé sur le cloud

La plate-forme basée sur le cloud de Docebo a servi 2 150 clients d'entreprise dans le monde en 2023, avec un taux de rétention de clientèle de 92%.

Métrique de plate-forme cloud	Valeur
Total des clients d'entreprise	2,150
Taux de rétention de la clientèle	92%
Valeur du contrat annuel moyen	$85,000

Intégration des technologies avancées et des technologies d'apprentissage prédictif

La technologie d'apprentissage prédictive de Docebo a analysé 47,3 millions d'interactions d'apprentissage en 2022, générant des recommandations d'apprentissage personnalisées avec une précision de 86%.

Métrique d'apprentissage prédictif	Valeur
Interactions d'apprentissage analysées	47,3 millions
Précision de recommandation	86%
Algorithmes de personnalisation	12 modèles distincts

Recherche et développement en cours dans les algorithmes d'apprentissage adaptatif

Docebo a investi 5,6 millions de dollars spécifiquement dans le développement d'algorithmes d'apprentissage adaptatif en 2022, avec une équipe de 42 ingénieurs de recherche dévoués.

Métrique d'apprentissage adaptatif R&D	Valeur
Investissement en R&D	5,6 millions de dollars
Ingénieurs de recherche	42
Nouveaux versions d'algorithme	7 en 2022

Docebo Inc. (DCBO) - Analyse du pilon: facteurs juridiques

Conformité aux réglementations internationales de confidentialité des données

Docebo maintient la conformité aux principales réglementations de confidentialité des données:

Règlement	Statut de conformité	Frais de conformité annuels
RGPD (Union européenne)	Pleinement conforme	$475,000
CCPA (Californie)	Pleinement conforme	$325,000
Pipeda (Canada)	Pleinement conforme	$215,000

Protection de la propriété intellectuelle

Portefeuille de brevets: 17 brevets technologiques enregistrés protégeant les innovations de la plate-forme d'apprentissage.

Catégorie de brevet	Nombre de brevets	Dépenses de protection IP annuelles
Technologie d'apprentissage	12	$680,000
Algorithmes d'apprentissage de l'IA	5	$420,000

Obligations contractuelles dans les licences de logiciels d'entreprise

Répartition des licences d'entreprise:

Type de licence	Valeur du contrat moyen	Volume de contrat annuel
Niveau d'entreprise	$185,000	127
Niveau intermédiaire	$65,000	342

Défis juridiques potentiels dans la prestation de services technologiques mondiaux

Procédure judiciaire active: 3 Distimes de service technologique international en cours.

Région	Nombre de cas juridiques actifs	Frais de défense juridique estimés
Amérique du Nord	2	$750,000
Union européenne	1	$450,000

Docebo Inc. (DCBO) - Analyse du pilon: facteurs environnementaux

Empreinte carbone réduite grâce à des solutions d'apprentissage numérique

La plate-forme d'apprentissage numérique de Docebo permet 98.7% Réduction des émissions de voyage liées à la formation par rapport aux méthodes de formation traditionnelles en personne.

Métrique	Réduction du carbone	Impact annuel
Émissions d'apprentissage numérique	1,3 tonnes métriques CO2	Équivalent à 0,28 véhicules de tourisme
Émissions de formation traditionnelles	87,4 tonnes métriques CO2	Équivalent à 18,9 véhicules de passagers

Efficacité énergétique dans l'infrastructure du cloud computing

Consommation d'énergie des infrastructures cloud: 0,0002 kWh par session utilisateur. Par rapport aux solutions sur site, Docebo réduit la consommation d'énergie par 64%.

Type d'infrastructure	Consommation d'énergie	Économies annuelles
Plate-forme basée sur le cloud	0,0002 kWh / session	$47,500
Solution sur site	0,00056 kWh / session	$0

Soutien aux méthodologies de formation au travail durable

Docebo soutient une formation durable à travers Livraison de contenu numérique à 100%, éliminant le matériel d'entraînement physique.

• Réduction du papier: 3,7 tonnes par an
• Économies de coûts d'impression: 82 300 $ par an
• Accessibilité du contenu numérique: 97.5%

Impact environnemental direct minimal en tant que société de technologie logicielle

Empreinte environnementale directe: 2,1 tonnes métriques CO2 équivalent par an, principalement des opérations de bureau et des déplacements des employés.

Source d'impact environnemental	Émissions de CO2	Stratégie d'atténuation
Opérations de bureau	1,4 tonnes métriques	Politique de travail à distance
Département des employés	0,7 tonnes métriques	Modèle de travail hybride

Docebo Inc. (DCBO) - PESTLE Analysis: Social factors

You're looking for a clear map of the social currents driving Docebo Inc.'s growth, and the takeaway is simple: the shift in corporate culture toward continuous, flexible learning is creating a massive, non-negotiable demand for enterprise Learning Management Systems (LMS). This isn't just a nice-to-have; it's an operational necessity tied directly to talent retention and productivity.

Strong corporate demand for upskilling and reskilling drives enterprise Learning Management System (LMS) adoption.

The global skills gap is the single biggest catalyst for LMS adoption right now. In 2025, a vast majority of organizations-over 83% of businesses globally-are already using LMS platforms to deliver employee training. For large organizations, this adoption rate is even higher, reaching 98%. This means the market is less about convincing companies to buy an LMS and more about replacing legacy systems with a modern, AI-powered platform like Docebo's. Honestly, upskilling is now a core strategic pillar; 89% of Learning and Development (L&D) professionals agree that proactively building employee skills is essential for navigating the future of work.

Here's the quick math on the enterprise learning environment:

• LMS Adoption: 98% in large organizations.
• L&D Focus: 89% of L&D pros prioritize proactive skill-building.
• Docebo's Traction: Q1 2025 saw a major North American hotel and resort company select Docebo for an Employee Experience use case specifically for upskilling, reskilling, and onboarding of its 50,000 staff worldwide.

The shift to hybrid and remote work necessitates scalable, cloud-based learning platforms for employee enablement.

The post-pandemic workplace is settled on a hybrid model; over 70% of employees prefer hybrid or fully remote arrangements. This structural change killed the old classroom training model. You need a cloud-based solution that works anywhere, anytime. That's why the cloud-based LMS segment is projected to grow with a strong 24.6% Compound Annual Growth Rate (CAGR) from 2021-2029. A key part of this is mobile access, which 80% of businesses now prioritize for their learning solutions. Docebo's platform, with its mobile capabilities, directly addresses this need for a decentralized workforce, ensuring staff can access training in the flow of work, even on the floor of a hotel property or a remote manufacturing site.

Focus on soft skills training, like leadership development, is a top priority for L&D in 2025.

As AI and automation handle more technical tasks, the value of uniquely human skills-often called soft skills-skyrockets. In 2025, L&D leaders are doubling down on these 'power skills.' A significant 91% of L&D professionals agree that human skills like communication, teamwork, and critical thinking are increasingly important. Leadership development, in particular, is a key focus area, as new leaders must manage diverse, distributed teams. This is a massive opportunity for Docebo because its AI Virtual Coaching, a scenario-based simulator, is designed to deliver the immersive, experiential training needed to build these complex soft skills in a remote environment.

The shift in training priority is clear:

L&D Priority Area (2025)	Relevance to Docebo
Soft Skills / Human Skills	91% of L&D professionals see this as increasingly important.
Leadership Development	Top priority for soft skills training.
Adaptive Thinking / Digital Fluency	Essential for a workforce where 40% of jobs are expected to be impacted by automation by 2025.

Market growth in microlearning modules, projected at a 14.37% CAGR from 2025 to 2032, aligns with product strategy.

Employees are busy, so the demand for short, on-demand learning-microlearning-is soaring. This format is a perfect fit for the modern attention span and the learning-in-the-flow-of-work trend. The microlearning market is projected to grow from $3.38 billion in 2025 to $8.64 billion by 2032, exhibiting a robust CAGR of 14.37%. This growth trajectory is critical because microlearning is highly effective: it can improve knowledge retention by up to 80%. Docebo is defintely aligned here, leveraging its AI Creator and AI Video Presenter tools to automate the rapid creation of this bite-sized content, making it a central part of the platform's offering.

Docebo Inc. (DCBO) - PESTLE Analysis: Technological factors

Docebo's technological position is strong, anchored by a deliberate pivot to an 'AI-First' platform strategy that moves the company beyond the limitations of a traditional Learning Management System (LMS). This shift is not just an add-on; it's a foundational change that leverages artificial intelligence (AI) to automate and personalize the entire corporate learning lifecycle.

The company's focus on AI is a key differentiator in a competitive market. This strategy is directly contributing to its financial performance, as seen in the Q3 2025 results, where total revenue increased by 10% to $61.1 million (adjusted for currency fluctuation), with subscription revenue hitting $58.0 million. This growth is a clear signal that the market is responding to their innovation strategy.

Central 'AI-First' platform strategy drives innovation, moving beyond traditional LMS features

The core of Docebo's technological advantage is its commitment to being an AI-First learning platform, a roadmap unveiled at Docebo Inspire 2025 in April. This strategy aims to redefine learning through automation, intelligence, and immersive experiences, transforming the platform into a learning partner rather than just a content repository. This positioning is defintely critical for securing large enterprise clients; for example, Amazon Health recently selected Docebo for a new unified learning system, citing its AI-driven personalization and flexibility as key factors.

Here's a quick look at the financial leverage of this strategy:

Metric (Fiscal Year 2025 Data)	Value	Significance
Q3 2025 Total Revenue	$61.1 million	11% increase year-over-year, demonstrating solid top-line expansion.
Q2 2025 Annual Recurring Revenue (ARR)	$233.1 million	Reflects strong, consistent revenue from subscription-based services.
FY 2025 Total Revenue Growth Guidance	11.40%	Management's confidence in continued expansion, supported by AI product adoption.

New AI-powered products like AI Creator and AI Virtual Coaching automate content and experiential learning

Docebo has launched several AI-powered products that directly address the time and cost challenges of corporate learning and development (L&D). AI Creator, for instance, is now available to all platform customers, enabling any user to generate high-quality learning content like structured courses and interactive assessments. This drastically reduces the time-to-value for learning programs.

Another major innovation is AI Virtual Coaching, a scenario-based AI simulator that shifts training from passive consumption to immersive, experiential engagement. This tool enables employees to practice real-life, company-specific situations using AI agents, providing instant, personalized feedback on clarity, confidence, and tone. It makes personalized coaching scalable, cutting reliance on costly, time-bound human resources.

• AI Creator: Autonomously produces structured courses and assessments.
• AI Virtual Coaching: Provides scenario-based, real-time skill practice with AI agents.
• AI Neural Search: Modernizes content discovery with natural, conversational queries.

The launch of Harmony, an L&D agentic marketplace, aims to connect the broader learning tech ecosystem

The announcement of Harmony, an L&D agentic marketplace and co-pilot, is a strategic move to become the connective tissue of the entire enterprise learning tech stack. Harmony is designed to use Generative AI (Gen AI) to automate complex instructional design and learning administration tasks, driving significant efficiency gains and return on investment (ROI) for large-scale operations. It is a strategic evolution, moving Docebo from a platform to a learning partner.

Harmony will eventually extend its capabilities beyond the native Docebo ecosystem, enabling automation across third-party LMSs, HRIS platforms, and authoring tools. This open, agent-based architecture positions Docebo as the orchestration layer for the future of enterprise learning, a capability that competitors will struggle to match quickly.

The global LMS market is projected to grow at a robust 19.4% CAGR through 2030, fueling opportunity

Docebo's technological push is perfectly timed to capitalize on the rapid expansion of the overall Learning Management System (LMS) market. The global LMS market is projected to grow at a robust 19.4% Compound Annual Growth Rate (CAGR) through 2030. This macro trend, coupled with the urgent need for scalable, AI-powered solutions to address workforce upskilling and data-driven training, provides a massive tailwind for the company. The corporate LMS market alone is valued at an estimated $9.57 billion. The company's focus on enterprise clients, with 68% of its nearly 4,000 global customers based in the U.S., ensures they are targeting the most lucrative segment of this expanding market.

What this estimate hides is that companies without a strong AI integration will likely see their growth stall, so Docebo's AI-First strategy is not just about growth, but about survival and market share capture.

Next Step: Review the Legal factors, specifically around data privacy regulations like CCPA and GDPR, as Docebo's AI strategy relies heavily on user data.

Docebo Inc. (DCBO) - PESTLE Analysis: Legal factors

Lack of clarity on emerging global AI laws creates regulatory uncertainty for new AI-driven features

The rapid integration of Artificial Intelligence (AI) into the Docebo platform, which is a core part of its strategy, runs headlong into a fragmented and uncertain global regulatory environment. This lack of clear, unified AI legislation is a major legal risk. For instance, the European Union's AI Act is setting a global benchmark, but its full impact is still evolving, creating a compliance challenge for new features like AI-powered content generation.

Honestly, the biggest near-term risk here isn't a fine right now, but the potential for a complete feature redesign later. In the US, the patchwork of state-level data privacy and AI laws, with federal efforts like the American Privacy Rights Act (APRA) stalled in 2025, means Docebo must navigate dozens of different requirements. You have to build your AI to the strictest global standard, or you're defintely setting yourself up for expensive rework.

Compliance with varying international data privacy regulations (e.g., GDPR) is critical for its multinational client base

As a global Software-as-a-Service (SaaS) provider, Docebo acts as a data processor for its multinational clients, making strict adherence to international data privacy laws non-negotiable. This is especially true for the European Union's General Data Protection Regulation (GDPR), which governs how personal data of EU citizens is handled, and the growing number of comprehensive state laws in the US, such as the California Consumer Privacy Act (CCPA).

The financial stakes for non-compliance are massive. In 2023, the EU imposed approximately €2.1 billion in GDPR fines, and the average total cost of a data breach across all industries reached $4.88 million in 2024. Docebo mitigates this by using mechanisms like the Standard Contractual Clauses (SCCs) for international data transfers, as detailed in its Data Processing Addendum.

• GDPR: Requires valid legal basis and Data Protection Impact Assessments (DPIA) for AI use.
• US State Laws: A growing number of state laws necessitate a complex, multi-jurisdictional compliance framework.
• Financial Risk: A single data breach could cost millions and severely damage brand trust.

Issues in the use of AI in the platform could result in reputational harm or liability if not managed well

Docebo's own financial disclosures for the 2025 fiscal year consistently list 'issues in the use of AI in our platform and potential resulting reputational harm or liability' as a key risk factor. This isn't theoretical; it's a known vulnerability. The risk comes from AI features generating biased content, making discriminatory decisions in automated processes, or simply failing to meet user expectations.

To be fair, this is an industry-wide concern. A study based on S&P 500 company filings through August 2025 showed that reputational risk is the most frequently cited AI concern, disclosed by 38% of companies. For a learning platform that directly impacts employee and partner development, any perceived bias or error in AI-driven content or recommendations could instantly erode customer trust and lead to contract terminations.

FedRAMP authorization provides a competitive legal advantage for securing US federal government contracts

In a clear legal and competitive win, Docebo achieved FedRAMP Moderate Authorization for its LearnGov platform in the second quarter of 2025. FedRAMP (Federal Risk and Authorization Management Program) is a mandatory, standardized security assessment for all cloud services used by US federal agencies. This authorization confirms Docebo's adherence to hundreds of rigorous security and privacy controls defined by the Federal Government.

Here's the quick math on the opportunity: Management estimates this authorization opens up a total addressable market of approximately $2.7 billion in the U.S. federal and SLED (State, Local, and Education) markets. While the revenue impact is expected to accelerate in 2026, the authorization itself is the legal key that unlocks the door now. This is a huge competitive moat against non-compliant competitors.

Metric	Value (2025)	Significance to Legal Factor
Total Revenue (Q3 2025)	$61.6 million	Context for the scale of operations requiring compliance.
FY 2025 Total Revenue Growth Guidance	11.40%	Indicates growth that must be managed alongside rising compliance complexity.
FedRAMP Market Opportunity	$2.7 billion	Competitive advantage gained from achieving the FedRAMP Moderate legal standard in Q2 2025.
Average Cost of a Data Breach (2024)	$4.88 million	Financial risk benchmark underscoring the criticality of data privacy compliance.

Docebo Inc. (DCBO) - PESTLE Analysis: Environmental factors

You might look at Docebo Inc., a software-as-a-service (SaaS) provider, and think environmental factors are a non-issue, but that view is outdated. While the direct climate-related risk is low-we're talking about servers, not smokestacks-investor and regulatory pressure is forcing even cloud-native companies to quantify their footprint and commit to clear, near-term goals.

The core challenge for Docebo is managing its indirect emissions, specifically those from its cloud infrastructure and employee activities, which fall under Scope 3. The good news is that the company has set a firm, ambitious target: a goal of 'net zero' emissions by December 31, 2030. This commitment is a critical signal to institutional investors who are increasingly screening for ESG (Environmental, Social, and Governance) performance.

Low Direct Climate-Related Risk Exposure

As a SaaS business, Docebo's operational risk from physical climate events is relatively low, and management confirms the underlying business faces 'relatively low levels of climate-related risk exposure.' This is a significant advantage over manufacturing or logistics firms. The environmental focus shifts almost entirely to energy consumption and the supply chain.

Their strategy reflects this reality: they use Amazon Web Services (AWS) as their strategic cloud infrastructure partner, and they explicitly consider Greenhouse Gas (GHG) emissions as a selection criterion for their data center service providers. This is a smart move, as it outsources a large portion of the Scope 2 emissions (indirect emissions from purchased electricity) to a provider that has its own large-scale renewable energy commitments.

Focus on Tracking Scope 1, 2, and 3 Emissions Aligns with Stakeholder Demand

The market is defintely demanding transparency, and Docebo is responding by actively tracking and reporting its Scope 1, 2, and 3 emissions. This tracking is the first step in identifying where the biggest optimization opportunities lie. Here's the quick math on their reported environmental footprint, based on the latest publicly available figures:

Metric	Value (MT CO2e)	Notes
Total Emissions (MT CO2e)	636.0	Most recently reported total emissions (Metric Tons of CO2 equivalent).
Net Zero Goal Deadline	N/A	Targeted for December 31, 2030.
2025 Reporting Goal	N/A	Goal to align ESG reporting with TCFD and SASB guidelines by December 31, 2025.

The total reported emissions of 636.0 MT CO2e are small, but the real value is the commitment to measure and report them. For a company expected to hit a total revenue growth of 9.0% to 10.0% for the fiscal year ending December 31, 2025, keeping emissions intensity flat or declining is the true test of operational efficiency.

Green Energy Commitment and ESG Reporting

Docebo showed an early commitment to minimizing its footprint through its office policies. While the latest figures are from 2021, they provide a baseline for their internal operations:

• 80% of offices had adopted a Green Energy Supplier Policy.
• 44% of the company's electricity use was derived from renewable sources.

This is a solid foundation. The next step for the analyst community is to see the updated figures for 2024 and 2025 to ensure the commitment scaled with the company's growth. What this estimate hides is the potential increase in Scope 3 emissions from a larger, more distributed workforce and increased cloud usage as Annual Recurring Revenue (ARR) continues to grow, which was $225.1 million as of March 31, 2025.

The move toward formal ESG reporting is now a standard expectation for public companies, especially in the US and Canada. Docebo's goal to align its reporting with the Task Force on Climate-related Financial Disclosures (TCFD) and the Sustainability Accounting Standards Board (SASB) by the end of 2025 is crucial. This is not just a compliance exercise; it's a direct response to the due diligence requirements of large institutional investors like BlackRock, who use these frameworks to assess long-term risk and capital allocation.