In 2024, Ferro 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).
Ferro 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 |
|---|---|---|
Total Scope 1 | 1,705a | 1,613a |
Total Scope 2 | ||
Market-Based | 1,605a | N/A |
Location-Based | 1,199a | 1,081a |
Total Scope 3 | 1,300,927a | N/A |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 8.9324a | 7.8643a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Ferro amounted to 2,904 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 Ferro increased by 7.8%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Ferro were 1,705 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Ferro's Scope 1 emissions increased by 5.7%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Ferro reported Scope 2 greenhouse gas (GHG) emissions of 1,605 tCO₂e using the market-based method and 1,199 tCO₂e using the location-based method.a
Compared to the previous year (2023), Ferro's Scope 2 emissions (Location-Based) rose by 10.92% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Ferro reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Ferro reported 1,300,927 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 Ferro includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Ferro reported total Scope 3 emissions of 1,300,927 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 3.33% of these emissions originated from upstream activities such as purchased goods and capital goods, while 96.67% came from downstream activities like product use, distribution, and end-of-life treatment.a
In 2024, Ferro 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.
In 2024, the largest contributors to Ferro's Scope 3 emissions were:a
In 2024, Ferro reported Scope 1 greenhouse gas (GHG) emissions of 1,705 tCO₂e and total revenues of USD 191 millions. This translates into an emissions intensity of 8.93 tCO₂e per millions USD.a
In 2024, Ferro reported a Scope 1 emissions intensity of 8.93 tCO₂e per millions USD. Compared to the peer group median of 14.96, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Ferro ranked 9 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Ferro is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Ferro reported a total carbon footprint of 1,303,831 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 48,297.59% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Ferro's total carbon footprint was Scope 3 emissions, accounting for 99.78% of the company's total carbon footprint, followed by Scope 1 emissions at 0.13%.a