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Avax SA
Avax's GHG Emissions Data Preview
In 2024, Avax 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).
Avax has also provided a category-level breakdown for 1 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.  | 0000000 |
Total Scope 2 | ||||
Market-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 |
Location-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 |
Total Scope 3 | 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 |
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. | 0000000 |
Verified Sources Behind Avax’s Greenhouse Gas (GHG) Emissions Data
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Insights into Avax's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofAvax amounted to21,659.37metric 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 Avaxincreased by 64.6%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Avax's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Avax's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Avax were 16,873.06 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2023), Avax's Scope 1 emissions increased by 61.74%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Avax's Scope 2 emissions?
In 2024, Avax reported Scope 2 greenhouse gas (GHG) emissions of 3,492.07 tCOâ‚‚e using the market-based method and 4,786.31 tCOâ‚‚e using the location-based method.a
What methodology does Avax use for Scope 2 reporting?
In 2024, Avax reported its Scope 2 emissions using the market-based method and using the location-based method.a
Avax's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Avax's Value Chain Emissions
In 2024, Avax reported 201.27 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 Avax includes a breakdown across 1of 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
Avax's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Avax's Scope 3 emissions?
In 2024, Avax reported total Scope 3 emissions of 201.27 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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
What categories of Scope 3 emissions does Avax disclose?
In 2024, Avax reported emissions for 1 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 Avax's Scope 3 emissions?
In 2024, the largest contributors to Avax's Scope 3 emissions were:a
- Business Travel (Cat. 6): 201.27 tCOâ‚‚e(100%)
Avax's Scope 3 Emissions by Categories
Insights into Avax’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Avax reported Scope 1 greenhouse gas (GHG) emissions of 16,873.06 tCOâ‚‚e and total revenues of USD 678 millions. This translates into an emissions intensity of 24.89 tCOâ‚‚e per millions USD.a
Avax's Scope 1 Emissions Intensity Compared to Peers
How does Avax's GHG emissions intensity compare to its peers?
In 2024, Avax reported a Scope 1 emissions intensity of 24.89 tCOâ‚‚e per millions USD. Compared to the peer group median of 10.45, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Avax rank on GHG emissions intensity within its industry?
In 2024, Avax ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Avax is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Avax's Total Carbon Footprint
In 2024, Avax reported a total carbon footprint of 21,860.64 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 66.13% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Avax's total carbon footprint was Scope 1 emissions, accounting for 77.18% of the company's total carbon footprint, followed by Scope 2 emissions at 21.89%.a