In 2024, Everest Group 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).
Everest Group has also provided a category-level breakdown for 6 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 | 0a | 0a | 0a | |
Total Scope 2 | ||||
Market-Based | 2,275.4a | 2,185.6a | 2,166.7a | |
Location-Based | 1,884.2a | 1,771.3a | 1,761.5c | |
Total Scope 3 | 93,514.1a | 70,444.8a | 43,668.1a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0a | 0a | 0a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Everest Group amounted to 1,884.2 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 Everest Group increased by 6.37%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Everest Group were 0 metric tons of CO₂ equivalent (tCO₂e).a
In 2024, Everest Group reported Scope 2 greenhouse gas (GHG) emissions of 2,275.4 tCO₂e using the market-based method and 1,884.2 tCO₂e using the location-based method.a
Compared to the previous year (2023), Everest Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Everest Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Everest Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Everest Group reported 93,514.1 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 Everest Group includes a breakdown across 6 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, Everest Group reported total Scope 3 emissions of 93,514.1 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Everest Group's Scope 3 emissions have increased by 35,770.39%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Everest Group's Scope 3 emissions increased by 32.75%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Everest Group reported emissions for 6 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 Everest Group's Scope 3 emissions were:a
In 2024, Everest Group reported a total carbon footprint of 95,398.3 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 32.1% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Everest Group's total carbon footprint was Scope 3 emissions, accounting for 98.02% of the company's total carbon footprint, followed by Scope 2 emissions at 1.98%.a