In 2023, Ctp 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).
Ctp has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 |
|---|---|---|
Total Scope 1 | 6,782a | 6,089a |
Total Scope 2 | ||
Market-Based | 3,461a | 5,815a |
Location-Based | 4,218a | 5,540a |
Total Scope 3 | 581,460a | 211,938a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 9.0939a | 9.6955a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Ctp amounted to 11,000 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 Ctp decreased by 5.41%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2023, the total Scope 1 emissions of Ctp were 6,782 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Ctp's Scope 1 emissions increased by 11.38%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Ctp reported Scope 2 greenhouse gas (GHG) emissions of 3,461 tCO₂e using the market-based method and 4,218 tCO₂e using the location-based method.a
Compared to the previous year (2022), Ctp's Scope 2 emissions (Location-Based) fell by 23.86% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2023, Ctp reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, Ctp reported 581,460 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 Ctp includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2023, Ctp reported total Scope 3 emissions of 581,460 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 36.72% of these emissions originated from upstream activities such as purchased goods and capital goods, while 63.28% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Ctp's Scope 3 emissions increased by 174.35%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, Ctp reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2023, the largest contributors to Ctp's Scope 3 emissions were:a
In 2023, Ctp reported Scope 1 greenhouse gas (GHG) emissions of 6,782 tCO₂e and total revenues of USD 746 millions. This translates into an emissions intensity of 9.09 tCO₂e per millions USD.a
In 2023, Ctp reported a Scope 1 emissions intensity of 9.09 tCO₂e per millions USD. Compared to the peer group median of 2.86, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Ctp ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Ctp is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, Ctp reported a total carbon footprint of 592,460 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 165% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Ctp's total carbon footprint was Scope 3 emissions, accounting for 98.14% of the company's total carbon footprint, followed by Scope 1 emissions at 1.14%.a