Argan SA
Argan's GHG Emissions Data Preview
In 2024, Argan 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).
Argan 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) | 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.  b | 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. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 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.  b | 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.  b | 0000000 |
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aVerified Sources Behind Argan’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Argan’s data sources below and access millions more through our Disclosure Search.
Insights into Argan's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Argan amounted to 66.9 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 Argan decreased by 90.35%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Argan's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Argan's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Argan were 65 metric tons of CO₂ equivalent (tCO₂e). a
Has Argan reduced its Scope 1 emissions over time?
Since 2022, Argan's Scope 1 emissions have decreased by 86.71%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Argan's Scope 1 emissions decreased by 90.58%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Argan's Scope 2 emissions?
In 2024, Argan reported Scope 2 greenhouse gas (GHG) emissions of 1.57 tCO₂e using the market-based method and 1.9 tCO₂e using the location-based method. a
Has Argan reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Argan's Scope 2 emissions (Location-Based) fell by 47.22% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does Argan use for Scope 2 reporting?
In 2024, Argan reported its Scope 2 emissions using the market-based method and using the location-based method. a
Argan's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Argan's Value Chain Emissions
In 2024, Argan reported 121,684 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 Argan includes a breakdown across 8 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
Argan's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Argan's Scope 3 emissions?
In 2024, Argan reported total Scope 3 emissions of 121,684 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 82.26% of these emissions originated from upstream activities such as purchased goods and capital goods, while 17.74% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Argan reduced its Scope 3 emissions over time?
Since 2022, Argan's Scope 3 emissions have increased by 21.63%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), Argan's Scope 3 emissions increased by 84.04%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Argan disclose?
In 2024, Argan reported emissions for 8 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.
What are the main sources of Argan's Scope 3 emissions?
In 2024, the largest contributors to Argan's Scope 3 emissions were: a
- Capital Goods (Cat. 2): 94,161 tCO₂e (77.38%)
- Downstream Leased Assets (Cat. 13): 21,582 tCO₂e (17.74%)
- Purchased Goods and Services (Cat. 1): 5,879 tCO₂e (4.83%)
Argan's Scope 3 Emissions by Categories
Insights into Argan’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Argan reported Scope 1 greenhouse gas (GHG) emissions of 65 tCO₂e and total revenues of USD 249 millions. This translates into an emissions intensity of 0.26 tCO₂e per millions USD. a
Argan's Scope 1 Emissions Intensity Compared to Peers
How does Argan's GHG emissions intensity compare to its peers?
In 2024, Argan reported a Scope 1 emissions intensity of 0.26 tCO₂e per millions USD. Compared to the peer group median of 1.35 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Argan rank on GHG emissions intensity within its industry?
In 2024, Argan ranked 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Argan is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Argan's Total Carbon Footprint
In 2024, Argan reported a total carbon footprint of 121,750.9 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 82.23% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Argan's total carbon footprint was Scope 3 emissions, accounting for 99.95% of the company's total carbon footprint, followed by Scope 1 emissions at 0.05%. a