In 2023, CARE Ratings 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) and Scope 2 (indirect emissions from purchased energy).
However, CARE Ratings has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 |
|---|---|---|
Total Scope 1 | 6.48a | 4a |
Total Scope 2 | ||
Unspecified Calculation Method | 1,181.11a | 768.23a |
Total Scope 3 | N/A | N/A |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.1907a | 0.1228a |
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In 2023, the total operational greenhouse gas (GHG) emissions of CARE Ratings amounted to 1,187.59 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 2022, the total operational greenhouse gas (GHG) emissions of CARE Ratings increased by 53.79%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of CARE Ratings were 6.48 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), CARE Ratings's Scope 1 emissions increased by 62%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, CARE Ratings reported Scope 2 greenhouse gas (GHG) emissions of 1,181.11 tCO₂e without specifying the calculation method.a
Compared to the previous year (2022), CARE Ratings's Scope 2 emissions (Unspecified Calculation Method) rose by 53.74% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, CARE Ratings reported its Scope 2 emissions using an unspecified methodology.a
In 2023, CARE Ratings reported Scope 1 greenhouse gas (GHG) emissions of 6.48 tCO₂e and total revenues of USD 34 millions. This translates into an emissions intensity of 0.19 tCO₂e per millions USD.a
In 2023, CARE Ratings reported a Scope 1 emissions intensity of 0.19 tCO₂e per millions USD. Compared to the peer group median of 0.16, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, CARE Ratings ranked 17 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
CARE Ratings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a