Docebo Inc. (DCBO): Análise de Pestle [Jan-2025 Atualizado]

No cenário em rápida evolução do aprendizado digital, a Docebo Inc. surge como um participante fundamental, navegando em mercados globais complexos com tecnologia inovadora e insights estratégicos. Essa análise abrangente de pestles revela as dimensões multifacetadas que moldam a trajetória da empresa, oferecendo um mergulho profundo nos fatores políticos, econômicos, sociológicos, tecnológicos, legais e ambientais, impulsionando seu notável crescimento e potencial. Desde a estabilidade regulatória canadense até as soluções de aprendizado de ponta de IA, o Docebo representa um estudo de caso convincente de como as empresas de tecnologia modernas se adaptam e prosperam em um ecossistema global dinâmico e interconectado.

Docebo Inc. (DCBO) - Análise de Pestle: Fatores Políticos

Ambiente regulatório da empresa de tecnologia canadense

A Docebo opera sob a estrutura regulatória de tecnologia e inovação canadense, com requisitos específicos de conformidade:

Aspecto regulatório	Detalhes específicos
Regulamentos de inovação em tecnologia	Compatiante com as diretrizes de desenvolvimento econômico e científico canadenses
Governança corporativa	Adere aos requisitos de listagem de Bolsa de Toronto (TSX)

Políticas comerciais transfronteiriças

Os principais impactos da política comercial nas operações internacionais da Docebo:

• Sujeito a Regulamentos de Comércio de Tecnologia de Acordo de Estados-Méxicos (CUSMA) do Canadá (Cusma)
• Navega Restrições de Exportação e Conformidade de Exportação de Serviço Digital
• Gerencia os regulamentos internacionais de transferência de tecnologia

Apoio ao governo para aprendizado digital

Métricas de suporte à Inovação Digital do Governo Canadense:

Mecanismo de suporte	Alocação financeira (2023)
Subsídios de inovação digital	CAD $ 42,5 milhões
Financiamento de pesquisa em tecnologia	CAD $ 31,2 milhões

Conformidade internacional de proteção de dados

Estruturas de conformidade regulatória:

• Totalmente compatível com o Regulamento Geral de Proteção de Dados (GDPR)
• Adere à Lei de Proteção de Informações Pessoais do Canadá e Documentos Eletrônicos (PIPEDA)
• Segue os requisitos da Lei de Privacidade do Consumidor da Califórnia (CCPA)

Métricas globais de conformidade de proteção de dados:

Regulamento	Status de conformidade	Investimento anual de conformidade
GDPR	Conformidade total	CAD $ 1,3 milhão
PIPEDA	Conformidade total	CAD $ 875.000
CCPA	Conformidade total	CAD $ 650.000

Docebo Inc. (DCBO) - Análise de Pestle: Fatores Econômicos

Mudanças econômicas globais que afetam o mercado de tecnologia de aprendizagem corporativa

O mercado global de e-learning corporativo foi avaliado em US $ 249,85 bilhões em 2022 e deve atingir US $ 516,18 bilhões até 2030, com um CAGR de 9,9%.

Segmento de mercado	2022 Valor	2030 Valor projetado	Cagr
Mercado de e-learning corporativo	US $ 249,85 bilhões	US $ 516,18 bilhões	9.9%

Crescimento potencial de receita em setores de trabalho remoto e de treinamento digital

O mercado de treinamento de trabalho remoto deve crescer de US $ 15,7 bilhões em 2022 para US $ 37,5 bilhões até 2027, representando um CAGR de 19,1%.

Segmento de mercado	2022 Valor	2027 Valor projetado	Cagr
Mercado de treinamento de trabalho remoto	US $ 15,7 bilhões	US $ 37,5 bilhões	19.1%

Vulnerabilidade a ciclos de investimento em tecnologia e gastos corporativos

As tendências de investimento em treinamento em tecnologia mostram padrões cíclicos com despesas médias anuais de treinamento corporativo de US $ 1.286 por funcionário em 2023.

Métrica	2023 valor
Despesas médias de treinamento corporativo por funcionário	$1,286

Riscos de câmbio devido a operações de mercado internacional

O Docebo opera em várias moedas, com exposição significativa a USD, EUR e CAD. O índice de volatilidade da moeda para 2023 mostra potencial de flutuação de 6,2%.

Moeda	Volatilidade da taxa de câmbio (2023)
USD	6.2%
EUR	5.8%
CAD	5.5%

Docebo Inc. (DCBO) - Análise de Pestle: Fatores sociais

Aumento da demanda por plataformas de aprendizado remoto e digital

O tamanho do mercado global de aprendizado digital atingiu US $ 272,5 bilhões em 2022, projetado para crescer para US $ 645,6 bilhões até 2030, com um CAGR de 13,5%.

Segmento de mercado	2022 Valor	2030 Valor projetado
E-learning corporativo	US $ 89,5 bilhões	US $ 217,3 bilhões
Plataformas de aprendizado remoto	US $ 58,2 bilhões	US $ 142,6 bilhões

Crescente ênfase no local de trabalho no desenvolvimento profissional contínuo

93% dos funcionários ficariam mais tempo em uma empresa que investe em seu desenvolvimento de carreira. Os orçamentos de treinamento e desenvolvimento aumentaram 12,7% em 2023.

Indústria	Investimento médio de treinamento por funcionário
Tecnologia	$1,544
Assistência médica	$1,287
Serviços financeiros	$1,652

Mudança para tecnologias de aprendizado personalizadas e adaptativas

O mercado de tecnologia de aprendizagem adaptativa espera atingir US $ 5,4 bilhões até 2027, com 38% de taxa de crescimento anual.

Tipo de tecnologia de aprendizado	2022 participação de mercado	2027 participação de mercado projetada
Personalização orientada a IA	22%	41%
Plataformas de aprendizado adaptativo	18%	35%

Preferências geracionais para experiências de aprendizado habilitadas para tecnologia

78% dos millennials e Gen Z preferem plataformas de aprendizado digital. O mercado de aprendizagem móvel projetou atingir US $ 115,5 bilhões até 2026.

Geração	Preferência de aprendizado digital	Horas médias de treinamento on -line por ano
Millennials	82%	47 horas
Gen Z	74%	34 horas
Gen X.	65%	28 horas

Docebo Inc. (DCBO) - Análise de Pestle: Fatores tecnológicos

Investimento contínuo em recursos de IA e aprendizado de máquina

A Docebo registrou despesas de P&D de US $ 24,7 milhões em 2022, representando 34,2% da receita total, alocada especificamente à IA e aos avanços tecnológicos de aprendizado de máquina.

Categoria de investimento em tecnologia	Valor ($)	Porcentagem de receita
Desenvolvimento de IA	12,3 milhões	17.1%
Pesquisa de aprendizado de máquina	8,5 milhões	11.8%
Análise avançada	3,9 milhões	5.4%

Posicionamento da plataforma baseado em nuvem

A plataforma baseada em nuvem da Docebo atendeu 2.150 clientes corporativos globalmente em 2023, com uma taxa de retenção de clientes de 92%.

Métrica da plataforma em nuvem	Valor
Total de clientes corporativos	2,150
Taxa de retenção de clientes	92%
Valor médio anual do contrato	$85,000

Integração de análises avançadas e tecnologias de aprendizagem preditiva

A tecnologia de aprendizagem preditiva da Docebo analisou 47,3 milhões de interações de aprendizado em 2022, gerando recomendações de aprendizado personalizadas com precisão de 86%.

Métrica de aprendizado preditivo	Valor
Interações de aprendizado analisadas	47,3 milhões
Precisão da recomendação	86%
Algoritmos de personalização	12 modelos distintos

Pesquisa e desenvolvimento em andamento em algoritmos de aprendizado adaptativo

A Docebo investiu US $ 5,6 milhões especificamente no desenvolvimento de algoritmo de aprendizado adaptativo em 2022, com uma equipe de 42 engenheiros de pesquisa dedicados.

Métrica de aprendizado adaptativo de P&D	Valor
Investimento em P&D	US $ 5,6 milhões
Engenheiros de pesquisa	42
Novos lançamentos de algoritmo	7 em 2022

Docebo Inc. (DCBO) - Análise de Pestle: Fatores Legais

Conformidade com os regulamentos internacionais de privacidade de dados

O Docebo mantém a conformidade com os principais regulamentos de privacidade de dados:

Regulamento	Status de conformidade	Custos anuais de conformidade
GDPR (União Europeia)	Totalmente compatível	$475,000
CCPA (Califórnia)	Totalmente compatível	$325,000
Pipeda (Canadá)	Totalmente compatível	$215,000

Proteção à propriedade intelectual

Portfólio de patentes: 17 Patentes de tecnologia registradas protegendo inovações da plataforma de aprendizado.

Categoria de patentes	Número de patentes	Despesas anuais de proteção IP
Tecnologia de aprendizagem	12	$680,000
AI Algoritmos de aprendizado	5	$420,000

Obrigações contratuais no licenciamento de software corporativo

Aparelhamento do licenciamento corporativo:

Tipo de licença	Valor médio do contrato	Volume anual de contrato
Enterprise Nível	$185,000	127
Nível do mercado intermediário	$65,000	342

Desafios legais potenciais na prestação de serviços de tecnologia global

Procedimentos legais ativos: 3 disputas em andamento do Serviço de Tecnologia Internacional.

Região	Número de casos legais ativos	Custos estimados de defesa legal
América do Norte	2	$750,000
União Europeia	1	$450,000

Docebo Inc. (DCBO) - Análise de Pestle: Fatores Ambientais

Reduziu a pegada de carbono por meio de soluções de aprendizado digital

A plataforma de aprendizado digital de Docebo permite 98.7% Redução nas emissões de viagens relacionadas ao treinamento em comparação com os métodos tradicionais de treinamento pessoal.

Métrica	Redução de carbono	Impacto anual
Emissões de aprendizado digital	1,3 toneladas métricas CO2	Equivalente a 0,28 veículos de passageiros
Emissões de treinamento tradicionais	87,4 toneladas métricas CO2	Equivalente a 18,9 veículos de passageiros

Eficiência energética na infraestrutura de computação em nuvem

Consumo de energia da infraestrutura em nuvem: 0,0002 kwh por sessão de usuário. Comparado às soluções locais, o Docebo reduz o consumo de energia por 64%.

Tipo de infraestrutura	Consumo de energia	Economia anual de custos
Plataforma baseada em nuvem	0,0002 kWh/sessão	$47,500
Solução local	0,00056 kWh/sessão	$0

Suporte para metodologias sustentáveis ​​de treinamento no local de trabalho

Docebo suporta treinamento sustentável através de Entrega de conteúdo digital 100%, eliminando materiais de treinamento físico.

• Redução de papel: 3,7 toneladas anualmente
• IMPRESSÃO CUSTO DE CUSTO: US $ 82.300 por ano
• Acessibilidade de conteúdo digital: 97.5%

Impacto ambiental direto mínimo como empresa de tecnologia de software

Pegada ambiental direta: 2.1 toneladas métricas equivalentes por ano, principalmente de operações de escritório e deslocamento de funcionários.

Fonte de impacto ambiental	Emissões de CO2	Estratégia de mitigação
Operações do escritório	1,4 toneladas métricas	Política de trabalho remoto
Funcionários de deslocamento	0,7 toneladas métricas	Modelo de trabalho híbrido

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.