In 2024, Bouvet 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).
Bouvet has also provided a category-level breakdown for 3 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 | 0.9a | 0.7a | 1.9a | |
Total Scope 2 | ||||
Market-Based | 1,871.6a | 1,331.9a | N/A | |
Location-Based | 154.2a | 175.4a | 97a | |
Total Scope 3 | 804.7a | 696.3a | 829.9a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0026a | 0.002a | 0.006a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Bouvet amounted to 155.1 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 Bouvet decreased by 11.93%, 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 Bouvet were 0.9 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Bouvet's Scope 1 emissions have decreased by 52.63%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Bouvet's Scope 1 emissions increased by 28.57%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Bouvet reported Scope 2 greenhouse gas (GHG) emissions of 1,871.6 tCO₂e using the market-based method and 154.2 tCO₂e using the location-based method.a
Since 2022, Bouvet's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 58.97%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Bouvet's Scope 2 emissions (Location-Based) fell by 12.09% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Bouvet reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Bouvet reported 804.7 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 Bouvet includes a breakdown across 3 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, Bouvet reported total Scope 3 emissions of 804.7 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 2022, Bouvet's Scope 3 emissionshave remained relatively stable, indicating that Bouvet's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), Bouvet's Scope 3 emissions increased by 15.57%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Bouvet reported emissions for 3 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.
In 2024, the largest contributors to Bouvet's Scope 3 emissions were:a
In 2024, Bouvet reported Scope 1 greenhouse gas (GHG) emissions of 0.9 tCO₂e and total revenues of USD 346 millions. This translates into an emissions intensity of 0 tCO₂e per millions USD.a
In 2024, Bouvet reported a Scope 1 emissions intensity of 0 tCO₂e per millions USD. Compared to the peer group median of 0.75, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Bouvet ranked 1 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Bouvet among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Bouvet reported a total carbon footprint of 959.8 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.02% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Bouvet's total carbon footprint was Scope 3 emissions, accounting for 83.84% of the company's total carbon footprint, followed by Scope 2 emissions at 16.07%.a