Copa Holdings SA

Common Name
Copa Holdings
Country
Panama
Sector
Industrials
Industry
Airlines
Employees
7,909
Ticker
CPA
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Copa Holdings S.A., a leading Latin American airline holding company, primarily operates through its wholly-owned subsidiary, Copa Airlines, based in Panama City. The company's cornerstone function is...

Copa Holdings's GHG Emissions Data Preview

In 2023, Copa 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) and Scope 2 (indirect emissions from purchased energy).

However, Copa Holdings has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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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 Copa Holdings’s Greenhouse Gas (GHG) Emissions Data

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a. Copa Holdings's ESG Investor Presentation 2023
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Insights into Copa Holdings's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Copa Holdings amounted to 3,142,105.58 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 Copa Holdings increased by 12.12%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Copa Holdings's Scope 1 Emissions Over Time

2021202220230800 k1.6 M2.4 M3.2 MtCO2e+65%+12%
  • Total Scope 1
  • Year-over-Year Change

What are Copa Holdings's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Copa Holdings were 3,136,351.29 metric tons of CO₂ equivalent (tCO₂e). a

Has Copa Holdings reduced its Scope 1 emissions over time?

Since 2021, Copa Holdings's Scope 1 emissions have increased by 84.63%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Copa Holdings's Scope 1 emissions increased by 12.14%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Copa Holdings's Scope 2 emissions?

In 2023, Copa Holdings reported Scope 2 greenhouse gas (GHG) emissions of 5,754.29 tCO₂e without specifying the calculation method. a

Has Copa Holdings reduced its Scope 2 emissions over time?

Since 2021, Copa Holdings's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 20.23%, reflecting a rising long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Copa Holdings's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Copa Holdings 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Copa Holdings use for Scope 2 reporting?

In 2023, Copa Holdings reported its Scope 2 emissions using an unspecified methodology. a

Copa Holdings's Scope 2 Emissions Over Time

20212022202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Copa Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Copa Holdings reported Scope 1 greenhouse gas (GHG) emissions of 3,136,351.29 tCO₂e and total revenues of USD 3,457 millions. This translates into an emissions intensity of 907.25 tCO₂e per millions USD. a

Copa Holdings's Scope 1 Emissions Intensity Compared to Peers

50,000500,0002,000,00020,000,000200,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000200,000Revenues (Millions of USD)CLATAM Airlines GroupYear: 2023Scope 1: 11,524,420 tCO2eRevenue: $M 11,641Scope 1 Intensity: 990.02 tCO2e/$MInterglobe AviationYear: 2023Scope 1: 6,789,520 tCO2eRevenue: $M 6,530Scope 1 Intensity: 1,039.82 tCO2e/$MSouthwest AirlinesYear: 2023Scope 1: 20,670,103 tCO2eRevenue: $M 26,091Scope 1 Intensity: 792.23 tCO2e/$MAir France KLMYear: 2024Scope 1: 25,727,000 tCO2eRevenue: $M 32,737Scope 1 Intensity: 785.88 tCO2e/$MChina AirlinesYear: 2021Scope 1: 5,878,428 tCO2eRevenue: $M 5,008Scope 1 Intensity: 1,173.74 tCO2e/$MSkyWestYear: 2023Scope 1: 4,960,304 tCO2eRevenue: $M 2,935Scope 1 Intensity: 1,689.80 tCO2e/$MStarlux AirlinesYear: 2023Scope 1: 589,857 tCO2eRevenue: $M 733Scope 1 Intensity: 805.22 tCO2e/$MSingapore AirlinesYear: 2024Scope 1: 15,063,013 tCO2eRevenue: $M 14,096Scope 1 Intensity: 1,068.60 tCO2e/$MAir ChinaYear: 2023Scope 1: 22,608,000 tCO2eRevenue: $M 19,854Scope 1 Intensity: 1,138.73 tCO2e/$MRyanair HoldingsYear: 2024Scope 1: 15,377,020 tCO2eRevenue: $M 14,512Scope 1 Intensity: 1,059.62 tCO2e/$MGOLYear: 2023Scope 1: 3,081,852 tCO2eRevenue: $M 3,871Scope 1 Intensity: 796.19 tCO2e/$MQantas AirwaysYear: 2024Scope 1: 11,456,418 tCO2eRevenue: $M 14,418Scope 1 Intensity: 794.60 tCO2e/$MEva AirwaysYear: 2023Scope 1: 6,501,992 tCO2eRevenue: $M 6,531Scope 1 Intensity: 995.53 tCO2e/$MHainan Airlines HoldingYear: 2023Scope 1: 9,284,676 tCO2eRevenue: $M 8,251Scope 1 Intensity: 1,125.26 tCO2e/$MJapan AirlinesYear: 2023Scope 1: 9,102,000 tCO2eRevenue: $M 10,327Scope 1 Intensity: 881.37 tCO2e/$MDelta Air LinesYear: 2024Scope 1: 37,284,766 tCO2eRevenue: $M 61,643Scope 1 Intensity: 604.85 tCO2e/$MChina Eastern AirlinesYear: 2023Scope 1: 20,124,649 tCO2eRevenue: $M 16,004Scope 1 Intensity: 1,257.47 tCO2e/$MJetBlue AirwaysYear: 2021Scope 1: 6,853,927 tCO2eRevenue: $M 6,037Scope 1 Intensity: 1,135.32 tCO2e/$MCCCopa HoldingsYear: 2023Scope 1: 3,136,351 tCO2eRevenue: $M 3,457Scope 1 Intensity: 907.25 tCO2e/$M

How does Copa Holdings's GHG emissions intensity compare to its peers?

In 2023, Copa Holdings reported a Scope 1 emissions intensity of 907.25 tCO₂e per millions USD. Compared to the peer group median of 1,017.68, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Copa Holdings rank on GHG emissions intensity within its industry?

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

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

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