In 2024, Borregaard 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).
Borregaard has also provided a category-level breakdown for 7 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 | 120,312a | 132,772a | 157,768b | |
Total Scope 2 | ||||
Market-Based | 501,812a | 392,357a | N/A | |
Location-Based | 62,468a | 64,093a | 56,511b | |
Total Scope 3 | 487,301a | 410,791a | 354,303b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 179.0954a | 189.0437a | 228.5971b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Borregaard amounted to 182,780 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 Borregaard decreased by 7.15%, 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 Borregaard were 120,312 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Borregaard's Scope 1 emissions have decreased by 8.12%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Borregaard's Scope 1 emissions decreased by 9.38%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Borregaard reported Scope 2 greenhouse gas (GHG) emissions of 501,812 tCO₂e using the market-based method and 62,468 tCO₂e using the location-based method.a
Since 2020, Borregaard's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Borregaard's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Borregaard's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Borregaard's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Borregaard reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Borregaard reported 487,301 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 Borregaard includes a breakdown across 7 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, Borregaard reported total Scope 3 emissions of 487,301 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 75.92% of these emissions originated from upstream activities such as purchased goods and capital goods, while 24.08% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Borregaard's Scope 3 emissions have increased by 21.83%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Borregaard's Scope 3 emissions increased by 18.63%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Borregaard reported emissions for 7 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 Borregaard's Scope 3 emissions were:a
In 2024, Borregaard reported Scope 1 greenhouse gas (GHG) emissions of 120,312 tCO₂e and total revenues of USD 672 millions. This translates into an emissions intensity of 179.1 tCO₂e per millions USD.a
In 2024, Borregaard reported a Scope 1 emissions intensity of 179.1 tCO₂e per millions USD. Compared to the peer group median of 50.93, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Borregaard ranked 17 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Borregaard is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Borregaard reported a total carbon footprint of 670,081 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.27% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Borregaard's total carbon footprint was Scope 3 emissions, accounting for 72.72% of the company's total carbon footprint, followed by Scope 1 emissions at 17.95%.a