In 2024, Balfour Beatty 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).
Balfour Beatty has also provided a category-level breakdown for 11 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 | 130,878a | 132,590a | 131,679a | |
Total Scope 2 | ||||
Market-Based | 12,826a | 12,134a | 15,553a | |
Location-Based | 16,417a | 13,871a | 14,930a | |
Total Scope 3 | 5,753,125a | 3,876,512a | 3,435,864a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 12.6661a | 13.0268a | 14.3164a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Balfour Beatty amounted to 147,295 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 Balfour Beatty increased by 0.57%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Balfour Beatty were 130,878 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Balfour Beatty's Scope 1 emissions have increased by 17.94%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Balfour Beatty's Scope 1 emissions decreased by 1.29%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Balfour Beatty reported Scope 2 greenhouse gas (GHG) emissions of 12,826 tCO₂e using the market-based method and 16,417 tCO₂e using the location-based method.a
Since 2020, Balfour Beatty's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 24.35%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Balfour Beatty's Scope 2 emissions (Location-Based) rose by 18.35% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Balfour Beatty reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Balfour Beatty reported 5,753,125 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 Balfour Beatty includes a breakdown across 11 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, Balfour Beatty reported total Scope 3 emissions of 5,753,125 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 95.77% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.23% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Balfour Beatty's Scope 3 emissions have increased by 74.5%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Balfour Beatty's Scope 3 emissions increased by 48.41%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Balfour Beatty reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Balfour Beatty's Scope 3 emissions were:a
In 2024, Balfour Beatty reported Scope 1 greenhouse gas (GHG) emissions of 130,878 tCO₂e and total revenues of USD 10,333 millions. This translates into an emissions intensity of 12.67 tCO₂e per millions USD.a
In 2024, Balfour Beatty reported a Scope 1 emissions intensity of 12.67 tCO₂e per millions USD. Compared to the peer group median of 7.25, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Balfour Beatty ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Balfour Beatty is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Balfour Beatty reported a total carbon footprint of 5,900,420 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 46.67% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Balfour Beatty's total carbon footprint was Scope 3 emissions, accounting for 97.5% of the company's total carbon footprint, followed by Scope 1 emissions at 2.22%.a