In 2024, Carlo Gavazzi Holding 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).
Carlo Gavazzi Holding has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 1,272a | 1,418a |
Total Scope 2 | ||
Market-Based | 1,383a | 2,075a |
Location-Based | 1,234a | 1,536a |
Total Scope 3 | 100,858a | 94,453a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.6614a | 6.1882a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Carlo Gavazzi Holding amounted to 2,506 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 Carlo Gavazzi Holding decreased by 15.17%, 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 Carlo Gavazzi Holding were 1,272 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Carlo Gavazzi Holding's Scope 1 emissions decreased by 10.3%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Carlo Gavazzi Holding reported Scope 2 greenhouse gas (GHG) emissions of 1,383 tCO₂e using the market-based method and 1,234 tCO₂e using the location-based method.a
Compared to the previous year (2023), Carlo Gavazzi Holding's Scope 2 emissions (Location-Based) fell by 19.66% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Carlo Gavazzi Holding reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Carlo Gavazzi Holding reported 100,858 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 Carlo Gavazzi Holding includes a breakdown across 9 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, Carlo Gavazzi Holding reported total Scope 3 emissions of 100,858 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.83% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.17% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Carlo Gavazzi Holding's Scope 3 emissions remained relatively stable, indicating that Carlo Gavazzi Holding's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Carlo Gavazzi Holding reported emissions for 9 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 Carlo Gavazzi Holding's Scope 3 emissions were:a
In 2024, Carlo Gavazzi Holding reported Scope 1 greenhouse gas (GHG) emissions of 1,272 tCO₂e and total revenues of USD 191 millions. This translates into an emissions intensity of 6.66 tCO₂e per millions USD.a
In 2024, Carlo Gavazzi Holding reported a Scope 1 emissions intensity of 6.66 tCO₂e per millions USD. Compared to the peer group median of 6.74, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Carlo Gavazzi Holding ranked 12 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Carlo Gavazzi Holding is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Carlo Gavazzi Holding reported a total carbon footprint of 103,364 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.12% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Carlo Gavazzi Holding's total carbon footprint was Scope 3 emissions, accounting for 97.58% of the company's total carbon footprint, followed by Scope 1 emissions at 1.23%.a