CCL Industries Inc

Common Name
CCL Industries
Country
Canada
Sector
Consumer Cyclical
Industry
Packaging & Containers
Employees
26,300
Ticker
CCL.B
Exchange
TORONTO STOCK EXCHANGE
Website
cclind.com
Description
Ccl Industries Inc. is a leading global provider of specialty label and packaging solutions. It operates through its various segments, including CCL Label, Avery, Checkpoint, and Innovia, each serving...

CCL Industries's GHG Emissions Data Preview

In 2023, 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 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind CCL Industries’s Greenhouse Gas (GHG) Emissions Data

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a. CCL Industries's Sustainability Report 2023
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Insights into CCL Industries's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of CCL Industries amounted to 382,642 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 CCL Industries decreased by 4.97%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

CCL Industries's Scope 1 Emissions Over Time

20192020202120222023040 k80 k120 k160 ktCO2e0%+3%+2%-10%
  • Total Scope 1
  • Year-over-Year Change

What are CCL Industries's Scope 1 emissions?

In 2023, the total Scope 1 emissions of CCL Industries were 135,111 metric tons of CO₂ equivalent (tCO₂e). a

Has CCL Industries reduced its Scope 1 emissions over time?

Since 2019, CCL Industries's Scope 1 emissions have decreased by 5.4%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), CCL Industries's Scope 1 emissions decreased by 10.41%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are CCL Industries's Scope 2 emissions?

In 2023, CCL Industries reported Scope 2 greenhouse gas (GHG) emissions of 245,484 tCO₂e using the market-based method and 247,531 tCO₂e using the location-based method. a

What methodology does CCL Industries use for Scope 2 reporting?

In 2023, CCL Industries reported its Scope 2 emissions using the market-based method and using the location-based method. a

CCL Industries's Scope 2 Emissions Over Time

20192020202120222023070 k140 k210 k280 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into CCL Industries's Value Chain Emissions

In 2023, CCL Industries reported 1,047,482 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 2023 disclosure of CCL Industries includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

CCL Industries's Scope 3 Emissions Over Time

201920202021202220230300 k600 k900 k1.2 MtCO2e-17%+26%+15%-12%
  • Total Scope 3
  • Year-over-Year Change

What are CCL Industries's Scope 3 emissions?

In 2023, CCL Industries reported total Scope 3 emissions of 1,047,482 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

Has CCL Industries reduced its Scope 3 emissions over time?

Since 2019, CCL Industries's Scope 3 emissions have remained relatively stable, indicating that CCL Industries 's emissions have plateaued with no significant change in its value chain footprint. a

Compared to the previous year (2022), CCL Industries's Scope 3 emissions decreased by 11.94%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does CCL Industries disclose?

In 2023, CCL Industries reported emissions for 7 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.

What are the main sources of CCL Industries's Scope 3 emissions?

In 2023, the largest contributors to CCL Industries's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 749,185 tCO₂e (71.52%)
  • Fuel- and Energy-Related Services (Cat. 3): 101,573 tCO₂e (9.7%)
  • Downstream Transportation and Distribution (Cat. 9): 91,952 tCO₂e (8.78%)

CCL Industries's Scope 3 Emissions by Categories

DownstreamTransportation andDistribution(Cat. 9)(8.8%)Purchased Goods andServices (Cat. 1)(71.5%)Fuel- andEnergy-RelatedServices (Cat. 3)(9.7%)

Insights into CCL Industries’s GHG Emissions Intensity Compared to Industry Peers

In 2023, CCL Industries reported Scope 1 greenhouse gas (GHG) emissions of 135,111 tCO₂e and total revenues of USD 5,023 millions. This translates into an emissions intensity of 26.9 tCO₂e per millions USD. a

CCL Industries's Scope 1 Emissions Intensity Compared to Peers

50010,000100,0002,000,00020,000,000Scope 1 Emissions (tCO2e)1005002,00010,00050,000Revenues (Millions of USD)FSTSilgan HoldingsYear: 2021Scope 1: 260,303 tCO2eRevenue: $M 5,677Scope 1 Intensity: 45.85 tCO2e/$MGraphic Packaging HoldingYear: 2023Scope 1: 1,635,700 tCO2eRevenue: $M 9,428Scope 1 Intensity: 173.49 tCO2e/$MMayr-Melnhof KartonYear: 2022Scope 1: 1,080,000 tCO2eRevenue: $M 4,991Scope 1 Intensity: 216.37 tCO2e/$MSCG PackagingYear: 2023Scope 1: 3,447,684 tCO2eRevenue: $M 3,758Scope 1 Intensity: 917.35 tCO2e/$MInternational PaperYear: 2024Scope 1: 6,266,000 tCO2eRevenue: $M 18,619Scope 1 Intensity: 336.54 tCO2e/$MGreifYear: 2023Scope 1: 656,000 tCO2eRevenue: $M 5,219Scope 1 Intensity: 125.70 tCO2e/$MElopakYear: 2024Scope 1: 4,379 tCO2eRevenue: $M 14,259Scope 1 Intensity: 0.31 tCO2e/$MFFFPYear: 2023Scope 1: 8,842 tCO2eRevenue: $M 1,586Scope 1 Intensity: 5.57 tCO2e/$MViscofanYear: 2023Scope 1: 393,255 tCO2eRevenue: $M 1,357Scope 1 Intensity: 289.86 tCO2e/$MSSSmurfit WestRockYear: 2024Scope 1: 5,674,000 tCO2eRevenue: $M 21,109Scope 1 Intensity: 268.80 tCO2e/$MTTTon Yi IndustrialYear: 2023Scope 1: 27,921 tCO2eRevenue: $M 1,149Scope 1 Intensity: 24.31 tCO2e/$MYunnan Energy New MaterialYear: 2023Scope 1: 319,036 tCO2eRevenue: $M 1,694Scope 1 Intensity: 188.29 tCO2e/$MHexagon CompositesYear: 2024Scope 1: 2,637 tCO2eRevenue: $M 428Scope 1 Intensity: 6.16 tCO2e/$MAvery DennisonYear: 2023Scope 1: 160,000 tCO2eRevenue: $M 8,364Scope 1 Intensity: 19.13 tCO2e/$MPackaging Corp of AmericaYear: 2023Scope 1: 1,720,000 tCO2eRevenue: $M 7,802Scope 1 Intensity: 220.45 tCO2e/$MSIG GroupYear: 2024Scope 1: 20,100 tCO2eRevenue: $M 3,270Scope 1 Intensity: 6.15 tCO2e/$MSealed AirYear: 2023Scope 1: 124,142 tCO2eRevenue: $M 5,489Scope 1 Intensity: 22.62 tCO2e/$MArdagh Metal PackagingYear: 2023Scope 1: 165,020 tCO2eRevenue: $M 4,812Scope 1 Intensity: 34.29 tCO2e/$MCCL IndustriesYear: 2023Scope 1: 135,111 tCO2eRevenue: $M 5,023Scope 1 Intensity: 26.90 tCO2e/$M

How does CCL Industries's GHG emissions intensity compare to its peers?

In 2023, CCL Industries reported a Scope 1 emissions intensity of 26.9 tCO₂e per millions USD. Compared to the peer group median of 85.78, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does CCL Industries rank on GHG emissions intensity within its industry?

In 2023, CCL Industries ranked 8 out of 18 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

CCL Industries is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into CCL Industries's Total Carbon Footprint

In 2023, CCL Industries reported a total carbon footprint of 1,430,124 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.18% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to CCL Industries's total carbon footprint was Scope 3 emissions, accounting for 73.24% of the company's total carbon footprint, followed by Scope 2 emissions at 17.31%. a

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