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Caterpillar Inc
Caterpillar's GHG Emissions Data Preview
In 2024, Caterpillar 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).
Caterpillar has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind Caterpillar’s Greenhouse Gas (GHG) Emissions Data
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Insights into Caterpillar's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofCaterpillar amounted to1,450,000metric 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 Caterpillardecreased by 3.33%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Caterpillar's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Caterpillar's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Caterpillar were 680,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Caterpillar reduced its Scope 1 emissions over time?
Since 2019, Caterpillar's Scope 1 emissions have decreased by 24.86%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Caterpillar's Scope 1 emissions decreased by 1.45%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Caterpillar's Scope 2 emissions?
In 2024, Caterpillar reported Scope 2 greenhouse gas (GHG) emissions of 690,000 tCOâ‚‚e using the market-based method and 770,000 tCOâ‚‚e using the location-based method.a
Has Caterpillar reduced its Scope 2 emissions over time?
Since 2019, Caterpillar's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 16.85%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), Caterpillar's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Caterpillar's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Caterpillar use for Scope 2 reporting?
In 2024, Caterpillar reported its Scope 2 emissions using the market-based method and using the location-based method.a
Caterpillar's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Caterpillar's Value Chain Emissions
In 2024, Caterpillar reported 680,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Caterpillar includes a breakdown across 1of 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
Caterpillar's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Caterpillar's Scope 3 emissions?
In 2024, Caterpillar reported total Scope 3 emissions of 680,000,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0%of these emissions originated from upstream activities such as purchased goods and capital goods, while 100%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Caterpillar reduced its Scope 3 emissions over time?
Since 2019, Caterpillar's Scope 3 emissionshave decreased by 26.8%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Caterpillar's Scope 3 emissions decreased by 10.41%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Caterpillar disclose?
In 2024, Caterpillar reported emissions for 1 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.
What are the main sources of Caterpillar's Scope 3 emissions?
In 2024, the largest contributors to Caterpillar's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 680,000,000 tCOâ‚‚e(100%)
Caterpillar's Scope 3 Emissions by Categories
Insights into Caterpillar’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Caterpillar reported Scope 1 greenhouse gas (GHG) emissions of 680,000 tCOâ‚‚e and total revenues of USD 64,809 millions. This translates into an emissions intensity of 10.49 tCOâ‚‚e per millions USD.a
Caterpillar's Scope 1 Emissions Intensity Compared to Peers
How does Caterpillar's GHG emissions intensity compare to its peers?
In 2024, Caterpillar reported a Scope 1 emissions intensity of 10.49 tCOâ‚‚e per millions USD. Compared to the peer group median of 7.01, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Caterpillar rank on GHG emissions intensity within its industry?
In 2024, Caterpillar ranked 15 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Caterpillar is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Caterpillar's Total Carbon Footprint
In 2024, Caterpillar reported a total carbon footprint of 681,450,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.39% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Caterpillar's total carbon footprint was Scope 3 emissions, accounting for 99.79% of the company's total carbon footprint, followed by Scope 2 emissions at 0.11%.a