In 2024, Cavotec Group 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).
Cavotec Group has also provided a category-level breakdown for 5 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 | 307a | 286a | 233a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 828a | 842a | 1,025a | |
Total Scope 3 | 8,427a | 202a | 338a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.6863a | 1.4297a | 1.4783a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Cavotec Group amounted to 1,135 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 Cavotec Group increased by 0.62%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Cavotec Group were 307 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Cavotec Group's Scope 1 emissions have increased by 31.76%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Cavotec Group's Scope 1 emissions increased by 7.34%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Cavotec Group reported Scope 2 greenhouse gas (GHG) emissions of 828 tCO₂e without specifying the calculation method.a
Since 2022, Cavotec Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 19.22%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Cavotec Group's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Cavotec Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Cavotec Group reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Cavotec Group reported 8,427 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 Cavotec Group includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Cavotec Group reported total Scope 3 emissions of 8,427 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, Cavotec Group's Scope 3 emissions have increased by 2,393.2%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Cavotec Group's Scope 3 emissions increased by 4,071.78%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Cavotec Group reported emissions for 5 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 Cavotec Group's Scope 3 emissions were:a
In 2024, Cavotec Group reported Scope 1 greenhouse gas (GHG) emissions of 307 tCO₂e and total revenues of USD 182 millions. This translates into an emissions intensity of 1.69 tCO₂e per millions USD.a
In 2024, Cavotec Group reported a Scope 1 emissions intensity of 1.69 tCO₂e per millions USD. Compared to the peer group median of 3.87, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Cavotec Group ranked 7 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Cavotec Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Cavotec Group reported a total carbon footprint of 9,562 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 618.95% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Cavotec Group's total carbon footprint was Scope 3 emissions, accounting for 88.13% of the company's total carbon footprint, followed by Scope 2 emissions at 8.66%.a