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Elopak ASA

Common Name
Elopak
Country
Norway
Sector
Consumer Cyclical
Industry
Packaging & Containers
Employees
2,850
Ticker
ELO
Exchange
OSLO BORS
Description
Elopak ASA operates as a global supplier of carton packaging and filling equipment solutions. Its primary function is to manufacture and distribute sustainable packaging solutions that cater to the fo...

Elopak's GHG Emissions Data Preview

In 2024, Elopak 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).

Elopak has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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a
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0000000
Location-Based
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a
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a
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0000000
Total Scope 3
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a
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Elopak’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Elopak’s data sources below and access millions more through our Disclosure Search.

a. Elopak's Annual Report 2024
a. Elopak's Annual Report 2024

Insights into Elopak's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofElopak amounted to27,691metric 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 Elopakincreased by 3.54%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Elopak's Scope 1 Emissions Over Time

20202023202402 k4 k6 k8 ktCO2e-37%-7%
  • Total Scope 1
  • Year-over-Year Change

What are Elopak's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Elopak were 4,379 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Elopak reduced its Scope 1 emissions over time?

Since 2020, Elopak's Scope 1 emissions have decreased by 41.39%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), Elopak's Scope 1 emissions decreased by 7.44%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Elopak's Scope 2 emissions?

In 2024, Elopak reported Scope 2 greenhouse gas (GHG) emissions of 978 tCOâ‚‚e using the market-based method and 23,312 tCOâ‚‚e using the location-based method.a

Has Elopak reduced its Scope 2 emissions over time?

Since 2020, Elopak's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 14.57%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year(2023), Elopak's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Elopak's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Elopak use for Scope 2 reporting?

In 2024, Elopak reported its Scope 2 emissions using the market-based method and using the location-based method.a

Elopak's Scope 2 Emissions Over Time

20202023202407 k14 k21 k28 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Elopak's Value Chain Emissions

In 2024, Elopak reported 752,673 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Elopak includes a breakdown across 12of 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

Elopak's Scope 3 Emissions Over Time

2020202320240200 k400 k600 k800 ktCO2e+36%+2%
  • Total Scope 3
  • Year-over-Year Change

What are Elopak's Scope 3 emissions?

In 2024, Elopak reported total Scope 3 emissions of 752,673 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 64.81%of these emissions originated from upstream activities such as purchased goods and capital goods, while 35.19%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Elopak reduced its Scope 3 emissions over time?

Since 2020, Elopak's Scope 3 emissionshave increased by 38.91%, reflecting a rising long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Elopak's Scope 3 emissions remained relatively stable, indicating that Elopak's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does Elopak disclose?

In 2024, Elopak reported emissions for 12 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.

What are the main sources of Elopak's Scope 3 emissions?

In 2024, the largest contributors to Elopak's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 410,870 tCOâ‚‚e(54.59%)
  • Use of Sold Products (Cat. 11): 148,790 tCOâ‚‚e(19.77%)
  • End-of-Life Treatment of Sold Products (Cat. 12): 59,737 tCOâ‚‚e(7.94%)

Elopak's Scope 3 Emissions by Categories

End-of-LifeTreatment of SoldProducts (Cat. 12)(7.9%)Use of Sold Products(Cat. 11)(19.8%)Purchased Goods andServices (Cat. 1)(54.6%)

Insights into Elopak’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Elopak reported Scope 1 greenhouse gas (GHG) emissions of 4,379 tCOâ‚‚e and total revenues of USD 14,259 millions. This translates into an emissions intensity of 0.31 tCOâ‚‚e per millions USD.a

Elopak's Scope 1 Emissions Intensity Compared to Peers

2005,000100,0002,000,00020,000,000Scope 1 Emissions (tCO2e)502002,00010,00050,000Revenues (Millions of USD)NFSTMNNNihon Yamamura GlassYear: 2024Scope 1: 184,902 tCO2eRevenue: $M 481Scope 1 Intensity: 384.25 tCO2e/$MTaiwan Hon Chuan EnterpriseYear: 2023Scope 1: 20,062 tCO2eRevenue: $M 861Scope 1 Intensity: 23.30 tCO2e/$MFFFPYear: 2024Scope 1: 7,815 tCO2eRevenue: $M 1,467Scope 1 Intensity: 5.33 tCO2e/$MMetsa BoardYear: 2024Scope 1: 192,098 tCO2eRevenue: $M 2,017Scope 1 Intensity: 95.22 tCO2e/$MCascadesYear: 2024Scope 1: 564,458 tCO2eRevenue: $M 3,268Scope 1 Intensity: 172.72 tCO2e/$MBallYear: 2024Scope 1: 387,349 tCO2eRevenue: $M 11,795Scope 1 Intensity: 32.84 tCO2e/$MYUTOYear: 2024Scope 1: 21,504 tCO2eRevenue: $M 2,351Scope 1 Intensity: 9.15 tCO2e/$MViscofanYear: 2024Scope 1: 349,124 tCO2eRevenue: $M 1,253Scope 1 Intensity: 278.65 tCO2e/$MSSSmurfit WestRockYear: 2024Scope 1: 5,674,000 tCO2eRevenue: $M 21,109Scope 1 Intensity: 268.80 tCO2e/$MTTTon Yi IndustrialYear: 2024Scope 1: 72,866 tCO2eRevenue: $M 1,369Scope 1 Intensity: 53.21 tCO2e/$MYunnan Energy New MaterialYear: 2024Scope 1: 347,165 tCO2eRevenue: $M 1,393Scope 1 Intensity: 249.29 tCO2e/$MShanghai Xintonglian PackingYear: 2024Scope 1: 1,370 tCO2eRevenue: $M 120Scope 1 Intensity: 11.41 tCO2e/$MHexagon CompositesYear: 2024Scope 1: 2,637 tCO2eRevenue: $M 428Scope 1 Intensity: 6.16 tCO2e/$MAvery DennisonYear: 2024Scope 1: 238,000 tCO2eRevenue: $M 8,756Scope 1 Intensity: 27.18 tCO2e/$MPackaging Corp of AmericaYear: 2024Scope 1: 2,000,000 tCO2eRevenue: $M 8,383Scope 1 Intensity: 238.57 tCO2e/$MSIG GroupYear: 2024Scope 1: 20,100 tCO2eRevenue: $M 3,270Scope 1 Intensity: 6.15 tCO2e/$MMMMacfarlane GroupYear: 2024Scope 1: 4,535 tCO2eRevenue: $M 339Scope 1 Intensity: 13.36 tCO2e/$MZignago VetroYear: 2024Scope 1: 228,537 tCO2eRevenue: $M 473Scope 1 Intensity: 483.19 tCO2e/$MVeralliaYear: 2024Scope 1: 2,166,000 tCO2eRevenue: $M 3,596Scope 1 Intensity: 602.26 tCO2e/$MFuji Seal InternationalYear: 2024Scope 1: 47,501 tCO2eRevenue: $M 1,298Scope 1 Intensity: 36.59 tCO2e/$MArdagh Metal PackagingYear: 2024Scope 1: 157,506 tCO2eRevenue: $M 4,908Scope 1 Intensity: 32.09 tCO2e/$MElopakYear: 2024Scope 1: 4,379 tCO2eRevenue: $M 14,259Scope 1 Intensity: 0.31 tCO2e/$M

How does Elopak's GHG emissions intensity compare to its peers?

In 2024, Elopak reported a Scope 1 emissions intensity of 0.31 tCOâ‚‚e per millions USD. Compared to the peer group median of 36.59, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Elopak rank on GHG emissions intensity within its industry?

In 2024, Elopak ranked 1 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Elopak among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Elopak's Total Carbon Footprint

In 2024, Elopak reported a total carbon footprint of 780,364 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.16% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Elopak's total carbon footprint was Scope 3 emissions, accounting for 96.45% of the company's total carbon footprint, followed by Scope 2 emissions at 2.99%.a

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