In 2024, Eaton 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).
Eaton has also provided a category-level breakdown for 10 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 | 183,752a | 193,857b | N/A | |
Total Scope 2 | ||||
Market-Based | 451,886a | 488,850b | N/A | |
Location-Based | 517,725a | 550,076b | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 51,617,848a | 58,449,862b | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 7.3861a | 8.3573b | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Eaton amounted to 701,477 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 Eaton decreased by 5.71%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Eaton were 183,752 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Eaton's Scope 1 emissions have decreased by 42.92%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Eaton's Scope 1 emissions decreased by 5.21%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, Eaton reported Scope 2 greenhouse gas (GHG) emissions of 451,886 tCO₂e using the market-based method and 517,725 tCO₂e using the location-based method.a
Since 2019, Eaton's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 37.85%, reflecting a declining long-term trend in Scope 2 emissions over time.ad
Compared to the previous year (2023), Eaton's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Eaton's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Eaton reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Eaton reported 51,617,848 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 Eaton includes a breakdown across 10 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, Eaton reported total Scope 3 emissions of 51,617,848 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 10.2% of these emissions originated from upstream activities such as purchased goods and capital goods, while 89.8% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Eaton's Scope 3 emissions have decreased by 57.95%, reflecting a declining long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Eaton's Scope 3 emissions decreased by 11.69%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Eaton reported emissions for 10 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 Eaton's Scope 3 emissions were:a
In 2024, Eaton reported Scope 1 greenhouse gas (GHG) emissions of 183,752 tCO₂e and total revenues of USD 24,878 millions. This translates into an emissions intensity of 7.39 tCO₂e per millions USD.a
In 2024, Eaton reported a Scope 1 emissions intensity of 7.39 tCO₂e per millions USD. Compared to the peer group median of 5.97, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Eaton ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Eaton is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Eaton reported a total carbon footprint of 52,319,325 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.61% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Eaton's total carbon footprint was Scope 3 emissions, accounting for 98.66% of the company's total carbon footprint, followed by Scope 2 emissions at 0.99%.a