Technology
Progress Software Corporation (PRGS)
Data as of July 17, 2026
Environment story
Progress Software discloses minimal environmental data. No Scope 1, 2, or 3 emissions figures are provided in the 10-K. The company does not disclose a net-zero target year or renewable energy percentage. Risk factors mention AI integration and datacenter reliance (MOVEit Cloud, ShareFile) without quantifying associated energy consumption or carbon footprint. No evidence of decarbonization infrastructure investments. The absence of climate commitments, emissions transparency, and supply-chain carbon accountability results in significant deductions from the baseline score.
Criticisms on file
No material criticisms on file for this pillar.
Disclosed initiatives
No disclosed initiatives on file for this pillar.
Social story
Progress Software provides no disclosed CEO-to-median-worker pay ratio, diversity statistics, turnover rate, or labor-relations stance in the 10-K. No evidence of union-suppression activities or major strikes is reported. The document does not disclose executive/board diversity percentages, supply-chain human-rights audit findings, or supplier labor standards. Absence of transparent diversity metrics and social accountability programs results in moderate penalty. No documented labor controversies or diversity initiatives mitigate the lack of disclosure.
Criticisms on file
No material criticisms on file for this pillar.
Disclosed initiatives
No disclosed initiatives on file for this pillar.
Governance story
Progress Software does not disclose share-structure details (single-class vs. dual-class voting) in the excerpted 10-K. Board independence percentage is not stated. Lobbying expenditures targeting environmental or consumer-protection rollbacks are not disclosed. The company faces significant regulatory and legal exposure: MOVEit vulnerability (May 2023) has triggered three formal government investigations, informal government inquiries, private litigation (MDL in District of Massachusetts), and potential FTC/SEC investigations. The company disclosed a November 2022 cyber incident with unauthorized data exfiltration. These active regulatory proceedings and cybersecurity violations constitute material governance violations. Convertible Notes ($360M due 2026, $450M due 2030) create indebtedness and potential shareholder dilution risks.
Criticisms on file
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MOVEit Transfer and MOVEit Cloud zero-day vulnerability (May 28, 2023) enabling unauthorized escalated privileges and access; followed by discovery and patching of additional vulnerabilities; MDL litigation pending in District of Massachusetts with class action, insurance subrogation, and customer cross-claims.Source: PRGS_10k.txt, Item 1A Risk Factors: 'If our products contain software defects or security flaws'
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November 2022 cyber incident involving unauthorized access to corporate network, exfiltration of company data, and potential customer data compromise; forensic investigation conducted.Source: PRGS_10k.txt, Item 1A Risk Factors: 'If our security measures are breached'
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Three formal government investigations, informal government inquiries, FTC inquiry, SEC investigation, and multiple state attorneys general inquiries related to MOVEit vulnerability; some investigations formally closed without enforcement action as of filing date.Source: PRGS_10k.txt, Item 1A Risk Factors: 'If our products contain software defects or security flaws'
Disclosed initiatives
No disclosed initiatives on file for this pillar.
These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Progress Software Corporation. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Progress Software Corporation in the app for interactive charts and portfolio building.
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