In 2023, Advanced Energy Solution 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).
Advanced Energy Solution has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 112a | 122a | 148a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 1,988a | 3,538a | 8,943a | |
Total Scope 3 | 49,372a | 85,262.17b | 105,711.66b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3425a | 0.2491a | 0.3552a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Advanced Energy Solution amounted to 2,100 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 2022, the total operational greenhouse gas (GHG) emissions of Advanced Energy Solution decreased by 42.62%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Advanced Energy Solution were 112 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Advanced Energy Solution's Scope 1 emissions have increased by 69.7%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Advanced Energy Solution's Scope 1 emissions decreased by 8.2%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, Advanced Energy Solution reported Scope 2 greenhouse gas (GHG) emissions of 1,988 tCO₂e without specifying the calculation method.a
Since 2020, Advanced Energy Solution's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 71.97%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), Advanced Energy Solution's Scope 2 emissions (Unspecified Calculation Method) fell by 43.81% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2023, Advanced Energy Solution reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Advanced Energy Solution reported 49,372 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 2023 disclosure of Advanced Energy Solution includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2023, Advanced Energy Solution reported total Scope 3 emissions of 49,372 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
Since 2020, Advanced Energy Solution's Scope 3 emissions have increased by 826.6%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2022), Advanced Energy Solution's Scope 3 emissions decreased by 42.09%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2023, Advanced Energy Solution reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2023, the largest contributors to Advanced Energy Solution's Scope 3 emissions were:a
In 2023, Advanced Energy Solution reported Scope 1 greenhouse gas (GHG) emissions of 112 tCO₂e and total revenues of USD 327 millions. This translates into an emissions intensity of 0.34 tCO₂e per millions USD.a
In 2023, Advanced Energy Solution reported a Scope 1 emissions intensity of 0.34 tCO₂e per millions USD. Compared to the peer group median of 2.94, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Advanced Energy Solution ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Advanced Energy Solution among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2023, Advanced Energy Solution reported a total carbon footprint of 51,472 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 42.12% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Advanced Energy Solution's total carbon footprint was Scope 3 emissions, accounting for 95.92% of the company's total carbon footprint, followed by Scope 2 emissions at 3.86%.a