In 2024, BAFS 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).
BAFS has also provided a category-level breakdown for 6 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 | 0000000 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy/Paste is a PRO feature. | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of BAFS amounted to 4,766.72 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 BAFS increased by 15.65%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of BAFS were 2,172 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, BAFS's Scope 1 emissions have increased by 196.32%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), BAFS's Scope 1 emissions increased by 23.9%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, BAFS reported Scope 2 greenhouse gas (GHG) emissions of 2,594.72 tCO₂e without specifying the calculation method.a
Since 2021, BAFS's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 44.31%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), BAFS's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that BAFS's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, BAFS reported its Scope 2 emissions using an unspecified methodology.a
In 2024, BAFS reported 2,009.79 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 BAFS includes a breakdown across 6 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
In 2024, BAFS reported total Scope 3 emissions of 2,009.79 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 2021, BAFS's Scope 3 emissions have increased by 347.52%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), BAFS's Scope 3 emissions remained relatively stable, indicating that BAFS's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, BAFS reported emissions for 6 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 2024, the largest contributors to BAFS's Scope 3 emissions were:a
In 2024, BAFS reported Scope 1 greenhouse gas (GHG) emissions of 2,172 tCO₂e and total revenues of USD 100 millions. This translates into an emissions intensity of 21.63 tCO₂e per millions USD.a
In 2024, BAFS reported a Scope 1 emissions intensity of 21.63 tCO₂e per millions USD. Compared to the peer group median of 8.46, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, BAFS ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places BAFS among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, BAFS reported a total carbon footprint of 6,776.51 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.13% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to BAFS's total carbon footprint was Scope 2 emissions, accounting for 38.29% of the company's total carbon footprint, followed by Scope 1 emissions at 32.05%.a