In 2024, Elevance Health 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).
Elevance Health 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 | 14,390a | 18,854a | 15,725a | |
Total Scope 2 | ||||
Market-Based | N/A | 0b | 0b | |
Location-Based | 84,275a | 86,057a | 81,290a | |
Total Scope 3 | 6,494,822a | 7,103,234a | 9,600,149a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0814a | 0.11a | 0.1004a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Elevance Health amounted to 98,665 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 Elevance Health decreased by 5.95%, 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 Elevance Health were 14,390 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Elevance Health's Scope 1 emissions have increased by 1.65%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Elevance Health's Scope 1 emissions decreased by 23.68%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Elevance Health reported Scope 2 greenhouse gas (GHG) emissions of 84,275 tCO₂e using the location-based method.a
Since 2019, Elevance Health's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 18.02%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Elevance Health's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Elevance Health's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Elevance Health reported its Scope 2 emissions using the location-based method.a
In 2024, Elevance Health reported 6,494,822 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 Elevance Health 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, Elevance Health reported total Scope 3 emissions of 6,494,822 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 40.36% of these emissions originated from upstream activities such as purchased goods and capital goods, while 59.64% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Elevance Health's Scope 3 emissions have increased by 445.23%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Elevance Health's Scope 3 emissions remained relatively stable, indicating that Elevance Health's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Elevance Health 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 Elevance Health's Scope 3 emissions were:a
In 2024, Elevance Health reported Scope 1 greenhouse gas (GHG) emissions of 14,390 tCO₂e and total revenues of USD 176,781 millions. This translates into an emissions intensity of 0.08 tCO₂e per millions USD.a
In 2024, Elevance Health reported a Scope 1 emissions intensity of 0.08 tCO₂e per millions USD. Compared to the peer group median of 1.18, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Elevance Health ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Elevance Health among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Elevance Health reported a total carbon footprint of 6,593,487 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.53% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Elevance Health's total carbon footprint was Scope 3 emissions, accounting for 98.5% of the company's total carbon footprint, followed by Scope 2 emissions at 1.28%.a