In 2024, CCL Industries 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).
CCL Industries has also provided a category-level breakdown for 12 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 | 153,340a | 136,323a | 152,306a | |
Total Scope 2 | ||||
Market-Based | 254,469a | 251,908a | 259,436a | |
Location-Based | 258,001a | 247,531b | N/A | |
Total Scope 3 | 1,760,026a | 1,763,065a | 1,739,344a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 30.4457a | 27.1408a | 32.2991a |
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In 2024, the total operational greenhouse gas (GHG) emissions of CCL Industries amounted to 411,341 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 CCL Industries increased by 7.16%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of CCL Industries were 153,340 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, CCL Industries's Scope 1 emissions have increased by 7.36%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), CCL Industries's Scope 1 emissions increased by 12.48%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, CCL Industries reported Scope 2 greenhouse gas (GHG) emissions of 254,469 tCO₂e using the market-based method and 258,001 tCO₂e using the location-based method.a
Compared to the previous year (2023), CCL Industries's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that CCL Industries's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, CCL Industries reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, CCL Industries reported 1,760,026 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 CCL Industries includes a breakdown across 12 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, CCL Industries reported total Scope 3 emissions of 1,760,026 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 74.51% of these emissions originated from upstream activities such as purchased goods and capital goods, while 25.49% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, CCL Industries's Scope 3 emissions have increased by 77.15%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), CCL Industries's Scope 3 emissions remained relatively stable, indicating that CCL Industries's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, CCL Industries reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to CCL Industries's Scope 3 emissions were:a
In 2024, CCL Industries reported Scope 1 greenhouse gas (GHG) emissions of 153,340 tCO₂e and total revenues of USD 5,037 millions. This translates into an emissions intensity of 30.45 tCO₂e per millions USD.a
In 2024, CCL Industries reported a Scope 1 emissions intensity of 30.45 tCO₂e per millions USD. Compared to the peer group median of 90.29, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, CCL Industries ranked 4 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places CCL Industries among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, CCL Industries reported a total carbon footprint of 2,171,367 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.14% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to CCL Industries's total carbon footprint was Scope 3 emissions, accounting for 81.06% of the company's total carbon footprint, followed by Scope 2 emissions at 11.88%.a