In 2024, Festi 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).
Festi has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 3,126a | 4,418a |
Total Scope 2 | ||
Market-Based | 249a | 234a |
Location-Based | 434a | 418a |
Total Scope 3 | 901,509a | 847,515a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.5432a | 4.0747a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Festi amounted to 3,560 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 Festi decreased by 26.39%, 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 Festi were 3,126 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Festi's Scope 1 emissions decreased by 29.24%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Festi reported Scope 2 greenhouse gas (GHG) emissions of 249 tCO₂e using the market-based method and 434 tCO₂e using the location-based method.a
Compared to the previous year (2023), Festi's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Festi's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Festi reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Festi reported 901,509 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 Festi includes a breakdown across 9 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, Festi reported total Scope 3 emissions of 901,509 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 37.35% of these emissions originated from upstream activities such as purchased goods and capital goods, while 62.65% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Festi's Scope 3 emissions remained relatively stable, indicating that Festi's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Festi reported emissions for 9 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 Festi's Scope 3 emissions were:a
In 2024, Festi reported Scope 1 greenhouse gas (GHG) emissions of 3,126 tCO₂e and total revenues of USD 1,229 millions. This translates into an emissions intensity of 2.54 tCO₂e per millions USD.a
In 2024, Festi reported a Scope 1 emissions intensity of 2.54 tCO₂e per millions USD. Compared to the peer group median of 2.59, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Festi ranked 13 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Festi is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Festi reported a total carbon footprint of 905,069 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.19% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Festi's total carbon footprint was Scope 3 emissions, accounting for 99.61% of the company's total carbon footprint, followed by Scope 1 emissions at 0.35%.a