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Espec Corp
Espec's GHG Emissions Data Preview
In 2024, Espec 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).
Espec 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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Espec’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 Espec’s data sources below and access millions more through our Disclosure Search.
Insights into Espec's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofEspec amounted to16,760metric 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 Especincreased by 10.87%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Espec's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Espec's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Espec were 3,622 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Espec reduced its Scope 1 emissions over time?
Since 2020, Espec's Scope 1 emissions have increased by 5.51%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Espec's Scope 1 emissions increased by 1.29%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Espec's Scope 2 emissions?
In 2024, Espec reported Scope 2 greenhouse gas (GHG) emissions of 4,285 tCOâ‚‚e using the market-based method and 13,138 tCOâ‚‚e using the location-based method.a
Has Espec reduced its Scope 2 emissions over time?
Since 2020, Espec's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Espec's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year(2023), Espec's Scope 2 emissions(Location-Based) rose by 13.84% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
What methodology does Espec use for Scope 2 reporting?
In 2024, Espec reported its Scope 2 emissions using the market-based method and using the location-based method.a
Espec's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Espec's Value Chain Emissions
In 2024, Espec reported 1,040,425 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 Espec includes a breakdown across 10of 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
Espec's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Espec's Scope 3 emissions?
In 2024, Espec reported total Scope 3 emissions of 1,040,425 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 12.29%of these emissions originated from upstream activities such as purchased goods and capital goods, while 87.71%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Espec reduced its Scope 3 emissions over time?
Since 2020, Espec's Scope 3 emissionshave increased by 30.17%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Espec's Scope 3 emissions remained relatively stable, indicating that Espec's emissions have plateaued with no significant change in its value chain footprint.a
What categories of Scope 3 emissions does Espec disclose?
In 2024, Espec 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.
What are the main sources of Espec's Scope 3 emissions?
In 2024, the largest contributors to Espec's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 881,030 tCOâ‚‚e(84.68%)
- Purchased Goods and Services (Cat. 1): 117,497 tCOâ‚‚e(11.29%)
- End-of-Life Treatment of Sold Products (Cat. 12): 31,520 tCOâ‚‚e(3.03%)
Espec's Scope 3 Emissions by Categories
Insights into Espec’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Espec reported Scope 1 greenhouse gas (GHG) emissions of 3,622 tCOâ‚‚e and total revenues of USD 410 millions. This translates into an emissions intensity of 8.83 tCOâ‚‚e per millions USD.a
Espec's Scope 1 Emissions Intensity Compared to Peers
How does Espec's GHG emissions intensity compare to its peers?
In 2024, Espec reported a Scope 1 emissions intensity of 8.83 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.7, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Espec rank on GHG emissions intensity within its industry?
In 2024, Espec ranked 18 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Espec is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Espec's Total Carbon Footprint
In 2024, Espec reported a total carbon footprint of 1,057,185 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.48% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Espec's total carbon footprint was Scope 3 emissions, accounting for 98.41% of the company's total carbon footprint, followed by Scope 2 emissions at 1.24%.a