In 2024, CTT - Correios de Portugal 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).
CTT - Correios de Portugal has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 18,068.7a | 20,148.9a |
Total Scope 2 | ||
Market-Based | 0a | 0a |
Location-Based | 3,154.7a | 3,032.4a |
Total Scope 3 | 131,864.5a | 112,913.9a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 16.3215a | 19.2965a |
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In 2024, the total operational greenhouse gas (GHG) emissions of CTT - Correios de Portugal amounted to 21,223.4 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 CTT - Correios de Portugal decreased by 8.45%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of CTT - Correios de Portugal were 18,068.7 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), CTT - Correios de Portugal's Scope 1 emissions decreased by 10.32%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, CTT - Correios de Portugal reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 3,154.7 tCO₂e using the location-based method.a
Compared to the previous year (2023), CTT - Correios de Portugal's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that CTT - Correios de Portugal's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, CTT - Correios de Portugal reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, CTT - Correios de Portugal reported 131,864.5 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 CTT - Correios de Portugal includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, CTT - Correios de Portugal reported total Scope 3 emissions of 131,864.5 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 94.69% of these emissions originated from upstream activities such as purchased goods and capital goods, while 5.31% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), CTT - Correios de Portugal's Scope 3 emissions increased by 16.78%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, CTT - Correios de Portugal reported emissions for 11 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 CTT - Correios de Portugal's Scope 3 emissions were:a
In 2024, CTT - Correios de Portugal reported Scope 1 greenhouse gas (GHG) emissions of 18,068.7 tCO₂e and total revenues of USD 1,107 millions. This translates into an emissions intensity of 16.32 tCO₂e per millions USD.a
In 2024, CTT - Correios de Portugal reported a Scope 1 emissions intensity of 16.32 tCO₂e per millions USD. Compared to the peer group median of 46.65, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, CTT - Correios de Portugal ranked 10 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
CTT - Correios de Portugal is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, CTT - Correios de Portugal reported a total carbon footprint of 153,087.9 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.49% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to CTT - Correios de Portugal's total carbon footprint was Scope 3 emissions, accounting for 86.14% of the company's total carbon footprint, followed by Scope 1 emissions at 11.8%.a