In 2024, Coats 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).
Coats Group has also provided a category-level breakdown for 13 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 | 52,400a | 51,900a | 59,700a | |
Total Scope 2 | ||||
Market-Based | 37,300a | 59,300a | 122,300a | |
Location-Based | 181,200a | 172,200a | 201,800a | |
Total Scope 3 | 865,503a | 824,200a | 944,700a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 36.5666a | 37.2256a | 52.6714a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Coats Group amounted to 233,600 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 Coats Group increased by 4.24%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Coats Group were 52,400 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Coats Group's Scope 1 emissions have decreased by 28.71%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Coats Group's Scope 1 emissions remained relatively stable, indicating that Coats Group's emissions have plateaued with no significant change in its operational footprint.a
In 2024, Coats Group reported Scope 2 greenhouse gas (GHG) emissions of 37,300 tCO₂e using the market-based method and 181,200 tCO₂e using the location-based method.a
Since 2019, Coats Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 22.1%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Coats Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Coats Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Coats Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Coats Group reported 865,503 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 Coats Group includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Coats Group reported total Scope 3 emissions of 865,503 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 93.55% of these emissions originated from upstream activities such as purchased goods and capital goods, while 6.45% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Coats Group's Scope 3 emissions have decreased by 14.3%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Coats Group's Scope 3 emissions remained relatively stable, indicating that Coats Group's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Coats Group reported emissions for 13 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 Coats Group's Scope 3 emissions were:a
In 2024, Coats Group reported Scope 1 greenhouse gas (GHG) emissions of 52,400 tCO₂e and total revenues of USD 1,433 millions. This translates into an emissions intensity of 36.57 tCO₂e per millions USD.a
In 2024, Coats Group reported a Scope 1 emissions intensity of 36.57 tCO₂e per millions USD. Compared to the peer group median of 117.5, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Coats Group ranked 5 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Coats Group among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Coats Group reported a total carbon footprint of 1,099,103 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.85% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Coats Group's total carbon footprint was Scope 3 emissions, accounting for 78.75% of the company's total carbon footprint, followed by Scope 2 emissions at 16.49%.a