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Air Products and Chemicals Inc
Air Products and Chemicals's GHG Emissions Data Preview
In 2024, Air Products and Chemicals 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).
Air Products and Chemicals has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Air Products and Chemicals’s Greenhouse Gas (GHG) Emissions Data
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Insights into Air Products and Chemicals's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofAir Products and Chemicals amounted to27,900,000metric 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 Air Products and Chemicalsincreased by 1.09%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Air Products and Chemicals's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Air Products and Chemicals's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Air Products and Chemicals were 16,900,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Air Products and Chemicals reduced its Scope 1 emissions over time?
Since 2019, Air Products and Chemicals's Scope 1 emissions have increased by 1.81%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Air Products and Chemicals's Scope 1 emissions remained relatively stable, indicating that Air Products and Chemicals's emissions have plateaued with no significant change in its operational footprint.a
What are Air Products and Chemicals's Scope 2 emissions?
In 2024, Air Products and Chemicals reported Scope 2 greenhouse gas (GHG) emissions of 11,000,000 tCOâ‚‚e using the market-based method and 11,000,000 tCOâ‚‚e using the location-based method.a
Has Air Products and Chemicals reduced its Scope 2 emissions over time?
Since 2019, Air Products and Chemicals's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 11.11%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Air Products and Chemicals's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Air Products and Chemicals's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Air Products and Chemicals use for Scope 2 reporting?
In 2024, Air Products and Chemicals reported its Scope 2 emissions using the market-based method and using the location-based method.a
Air Products and Chemicals's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Air Products and Chemicals's Value Chain Emissions
In 2024, Air Products and Chemicals reported 8,500,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Air Products and Chemicals includes a breakdown across 3of 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
Air Products and Chemicals's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Air Products and Chemicals's Scope 3 emissions?
In 2024, Air Products and Chemicals reported total Scope 3 emissions of 8,500,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 50.59%of these emissions originated from upstream activities such as purchased goods and capital goods, while 49.41%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Air Products and Chemicals's Scope 3 emissions remained relatively stable, indicating that Air Products and Chemicals's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Air Products and Chemicals disclose?
In 2024, Air Products and Chemicals reported emissions for 3 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.
What are the main sources of Air Products and Chemicals's Scope 3 emissions?
In 2024, the largest contributors to Air Products and Chemicals's Scope 3 emissions were:a
- Fuel- and Energy-Related Services (Cat. 3): 4,300,000 tCOâ‚‚e(50.59%)
- Use of Sold Products (Cat. 11): 2,100,000 tCOâ‚‚e(24.71%)
- Investments (Cat. 15): 2,100,000 tCOâ‚‚e(24.71%)
Air Products and Chemicals's Scope 3 Emissions by Categories
Insights into Air Products and Chemicals’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Air Products and Chemicals reported Scope 1 greenhouse gas (GHG) emissions of 16,900,000 tCOâ‚‚e and total revenues of USD 12,101 millions. This translates into an emissions intensity of 1,396.63 tCOâ‚‚e per millions USD.a
Air Products and Chemicals's Scope 1 Emissions Intensity Compared to Peers
How does Air Products and Chemicals's GHG emissions intensity compare to its peers?
In 2024, Air Products and Chemicals reported a Scope 1 emissions intensity of 1,396.63 tCOâ‚‚e per millions USD. Compared to the peer group median of 50.93, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Air Products and Chemicals rank on GHG emissions intensity within its industry?
In 2024, Air Products and Chemicals ranked 26 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Air Products and Chemicals among the least efficient performers, with one of the highest emissions intensities in its sector.a
Insights into Air Products and Chemicals's Total Carbon Footprint
In 2024, Air Products and Chemicals reported a total carbon footprint of 36,400,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.27% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Air Products and Chemicals's total carbon footprint was Scope 1 emissions, accounting for 46.43% of the company's total carbon footprint, followed by Scope 2 emissions at 30.22%.a