In 2024, Elite Material 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).
Elite Material has also provided a category-level breakdown for 8 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 | 77,451.56a | 73,729.821a | 62,800.6a | |
Total Scope 2 | ||||
Location-Based | 116,595.03a | 103,753.65a | 98,265.963a | |
Total Scope 3 | 514,280.007a | 311,243.804a | 194,975.121a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 39.4133a | 54.7703a | 49.901a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Elite Material amounted to 194,046.59 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 Elite Material increased by 9.33%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Elite Material were 77,451.56 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Elite Material's Scope 1 emissions have increased by 23.33%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Elite Material's Scope 1 emissions increased by 5.05%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Elite Material reported Scope 2 greenhouse gas (GHG) emissions of 116,595.03 tCO₂e using the location-based method.a
Since 2022, Elite Material's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 18.65%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Elite Material's Scope 2 emissions (Location-Based) rose by 12.38% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Elite Material reported its Scope 2 emissions using the location-based method.a
In 2024, Elite Material reported 514,280.007 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 Elite Material includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Elite Material reported total Scope 3 emissions of 514,280.007 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.99% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.01% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Elite Material's Scope 3 emissions have increased by 163.77%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Elite Material's Scope 3 emissions increased by 65.23%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Elite Material reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Elite Material's Scope 3 emissions were:a
In 2024, Elite Material reported Scope 1 greenhouse gas (GHG) emissions of 77,451.56 tCO₂e and total revenues of USD 1,965 millions. This translates into an emissions intensity of 39.41 tCO₂e per millions USD.a
In 2024, Elite Material reported a Scope 1 emissions intensity of 39.41 tCO₂e per millions USD. Compared to the peer group median of 3.17, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Elite Material ranked 24 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Elite Material among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Elite Material reported a total carbon footprint of 708,326.597 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 44.93% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Elite Material's total carbon footprint was Scope 3 emissions, accounting for 72.6% of the company's total carbon footprint, followed by Scope 2 emissions at 16.46%.a