In 2024, Farasis Energy (Gan Zhou) 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).
However, Farasis Energy (Gan Zhou) has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,679.09a | 4,328.28a | 6,280.48a | |
Total Scope 2 | ||||
Market-Based | 265,853.66a | 246,221.5a | 348,171a | |
Location-Based | 285,403.39a | 367,329.06a | 418,505.9a | |
Total Scope 3 | 841,536.69a | 987,510.47a | 874,815.6a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.2987a | 1.8715a | 3.7738a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Farasis Energy (Gan Zhou) amounted to 289,082.48 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 Farasis Energy (Gan Zhou) decreased by 22.22%, 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 Farasis Energy (Gan Zhou) were 3,679.09 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Farasis Energy (Gan Zhou)'s Scope 1 emissions have decreased by 86.97%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Farasis Energy (Gan Zhou)'s Scope 1 emissions decreased by 15%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Farasis Energy (Gan Zhou) reported Scope 2 greenhouse gas (GHG) emissions of 265,853.66 tCO₂e using the market-based method and 285,403.39 tCO₂e using the location-based method.a
Since 2021, Farasis Energy (Gan Zhou)'s Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 25.15%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Farasis Energy (Gan Zhou)'s Scope 2 emissions (Location-Based) fell by 22.3% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Farasis Energy (Gan Zhou) reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Farasis Energy (Gan Zhou) reported 841,536.69 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 Farasis Energy (Gan Zhou) includes a breakdown across 0 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, Farasis Energy (Gan Zhou) reported total Scope 3 emissions of 841,536.69 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Farasis Energy (Gan Zhou)'s Scope 3 emissions have increased by 84.72%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Farasis Energy (Gan Zhou)'s Scope 3 emissions decreased by 14.78%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Farasis Energy (Gan Zhou) reported Scope 1 greenhouse gas (GHG) emissions of 3,679.09 tCO₂e and total revenues of USD 1,601 millions. This translates into an emissions intensity of 2.3 tCO₂e per millions USD.a
In 2024, Farasis Energy (Gan Zhou) reported a Scope 1 emissions intensity of 2.3 tCO₂e per millions USD. Compared to the peer group median of 12.96, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Farasis Energy (Gan Zhou) ranked 7 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Farasis Energy (Gan Zhou) is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Farasis Energy (Gan Zhou) reported a total carbon footprint of 1,130,619.17 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.82% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Farasis Energy (Gan Zhou)'s total carbon footprint was Scope 3 emissions, accounting for 74.43% of the company's total carbon footprint, followed by Scope 2 emissions at 25.24%.a