In 2024, Ceres Power Holdings 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).
Ceres Power Holdings 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 | 541a | 510a | 411a | |
Total Scope 2 | ||||
Market-Based | 0a | 0a | 0a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | 9,819a | 14,336a | 18,312a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 8.3079a | 17.9404a | 17.2276a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Ceres Power Holdings amounted to 541 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 Ceres Power Holdings increased by 6.08%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Ceres Power Holdings were 541 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Ceres Power Holdings's Scope 1 emissions have increased by 31.63%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Ceres Power Holdings's Scope 1 emissions increased by 6.08%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Ceres Power Holdings reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method.a
In 2024, Ceres Power Holdings reported its Scope 2 emissions using the market-based method.a
In 2024, Ceres Power Holdings reported 9,819 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 Ceres Power Holdings 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, Ceres Power Holdings reported total Scope 3 emissions of 9,819 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 98.75% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.25% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Ceres Power Holdings's Scope 3 emissions have decreased by 46.38%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Ceres Power Holdings's Scope 3 emissions decreased by 31.51%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Ceres Power Holdings 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 Ceres Power Holdings's Scope 3 emissions were:a
In 2024, Ceres Power Holdings reported Scope 1 greenhouse gas (GHG) emissions of 541 tCO₂e and total revenues of USD 65 millions. This translates into an emissions intensity of 8.31 tCO₂e per millions USD.a
In 2024, Ceres Power Holdings reported a Scope 1 emissions intensity of 8.31 tCO₂e per millions USD. Compared to the peer group median of 7.63, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Ceres Power Holdings ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Ceres Power Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Ceres Power Holdings reported a total carbon footprint of 10,360 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 30.22% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Ceres Power Holdings's total carbon footprint was Scope 3 emissions, accounting for 94.78% of the company's total carbon footprint, followed by Scope 1 emissions at 5.22%.a