In 2024, Ab Dynamics completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Ab Dynamics has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 503a | 357a |
Total Scope 2 | ||
Market-Based | 796a | 474a |
Location-Based | 1,101a | 555a |
Total Scope 3 | 1,920a | 1,130a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.4325a | 2.787a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Ab Dynamics amounted to 1,604 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Ab Dynamics increased by 75.88%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Ab Dynamics were 503 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Ab Dynamics's Scope 1 emissions increased by 40.9%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Ab Dynamics reported Scope 2 greenhouse gas (GHG) emissions of 796 tCO₂e using the market-based method and 1,101 tCO₂e using the location-based method.a
Compared to the previous year (2023), Ab Dynamics's Scope 2 emissions (Location-Based) rose by 98.38% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Ab Dynamics reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Ab Dynamics reported 1,920 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Ab Dynamics includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Ab Dynamics reported total Scope 3 emissions of 1,920 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Ab Dynamics's Scope 3 emissions increased by 69.91%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Ab Dynamics reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Ab Dynamics's Scope 3 emissions were:a
In 2024, Ab Dynamics reported Scope 1 greenhouse gas (GHG) emissions of 503 tCO₂e and total revenues of USD 147 millions. This translates into an emissions intensity of 3.43 tCO₂e per millions USD.a
In 2024, Ab Dynamics reported a Scope 1 emissions intensity of 3.43 tCO₂e per millions USD. Compared to the peer group median of 6.93, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Ab Dynamics ranked 8 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Ab Dynamics is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Ab Dynamics reported a total carbon footprint of 3,524 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 72.58% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Ab Dynamics's total carbon footprint was Scope 3 emissions, accounting for 54.48% of the company's total carbon footprint, followed by Scope 2 emissions at 31.24%.a