In 2024, Akwel 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).
Akwel 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 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 27,288a | 28,123a | 28,742a | |
Total Scope 2 | ||||
Location-Based | 12,262a | 28,623a | 29,766a | |
Total Scope 3 | 389,462a | 457,410a | 435,341a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 26.5117a | 23.8328a | 27.2208a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Akwel amounted to 39,550 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 Akwel decreased by 30.3%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Akwel were 27,288 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Akwel's Scope 1 emissions have decreased by 5.06%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Akwel's Scope 1 emissions decreased by 2.97%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Akwel reported Scope 2 greenhouse gas (GHG) emissions of 12,262 tCO₂e using the location-based method.a
Since 2022, Akwel's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 58.81%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Akwel's Scope 2 emissions (Location-Based) fell by 57.16% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Akwel reported its Scope 2 emissions using the location-based method.a
In 2024, Akwel reported 389,462 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 Akwel includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Akwel reported total Scope 3 emissions of 389,462 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 2022, Akwel's Scope 3 emissions have decreased by 10.54%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Akwel's Scope 3 emissions decreased by 14.85%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Akwel 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 Akwel's Scope 3 emissions were:a
In 2024, Akwel reported Scope 1 greenhouse gas (GHG) emissions of 27,288 tCO₂e and total revenues of USD 1,029 millions. This translates into an emissions intensity of 26.51 tCO₂e per millions USD.a
In 2024, Akwel reported a Scope 1 emissions intensity of 26.51 tCO₂e per millions USD. Compared to the peer group median of 6.83, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Akwel ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Akwel is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Akwel reported a total carbon footprint of 429,012 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.56% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Akwel's total carbon footprint was Scope 3 emissions, accounting for 90.78% of the company's total carbon footprint, followed by Scope 1 emissions at 6.36%.a