Flowserve Corp

Common Name
Flowserve
Country
United States
Sector
Industrials
Industry
Specialty Industrial Machinery
Employees
16,000
Ticker
FLS
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Flowserve Corporation is a prominent player in the industrial equipment sector, specializing in the design, manufacture, and service of valves, pumps, and seals essential for fluid motion control. The...

Flowserve's GHG Emissions Data Preview

In 2023, Flowserve 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).

Flowserve 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Flowserve’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 Flowserve’s data sources below and access millions more through our Disclosure Search.

a. Flowserve's ESG Report 2023
a. Flowserve's ESG Report 2023
b. Flowserve's ESG Report 2020
b. Flowserve's ESG Report 2020

Insights into Flowserve's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Flowserve amounted to 68,742 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 2022, the total operational greenhouse gas (GHG) emissions of Flowserve decreased by 3.75%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Flowserve's Scope 1 Emissions Over Time

20182019202020212022202304.5 k9 k13.5 k18 ktCO2e+3%-7%+3%+9%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Flowserve's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Flowserve were 15,570 metric tons of CO₂ equivalent (tCO₂e). a

Has Flowserve reduced its Scope 1 emissions over time?

Since 2018, Flowserve's Scope 1 emissions have increased by 2.6%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2022), Flowserve's Scope 1 emissions decreased by 3.41%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Flowserve's Scope 2 emissions?

In 2023, Flowserve reported Scope 2 greenhouse gas (GHG) emissions of 53,172 tCO₂e without specifying the calculation method. a

Has Flowserve reduced its Scope 2 emissions over time?

Since 2018, Flowserve's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 40.06%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2022), Flowserve's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Flowserve 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Flowserve use for Scope 2 reporting?

In 2023, Flowserve reported its Scope 2 emissions using an unspecified methodology. a

Flowserve's Scope 2 Emissions Over Time

201820192020202120222023025 k50 k75 k100 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Flowserve's Value Chain Emissions

In 2023, Flowserve reported 81,764,525 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 2023 disclosure of Flowserve includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 8 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Flowserve's Scope 3 Emissions Over Time

2020202120222023025 M50 M75 M100 MtCO2e-11%+210809%+25%
  • Total Scope 3
  • Year-over-Year Change

What are Flowserve's Scope 3 emissions?

In 2023, Flowserve reported total Scope 3 emissions of 81,764,525 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.86% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.14% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2022), Flowserve's Scope 3 emissions increased by 25.19%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Flowserve disclose?

In 2023, Flowserve 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 Flowserve's Scope 3 emissions?

In 2023, the largest contributors to Flowserve's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 81,061,398 tCO₂e (99.14%)
  • Purchased Goods and Services (Cat. 1): 540,437 tCO₂e (0.66%)
  • Upstream Transportation and Distribution (Cat. 4): 45,732 tCO₂e (0.06%)

Flowserve's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(99.1%)

Insights into Flowserve’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Flowserve reported Scope 1 greenhouse gas (GHG) emissions of 15,570 tCO₂e and total revenues of USD 4,321 millions. This translates into an emissions intensity of 3.6 tCO₂e per millions USD. a

Flowserve's Scope 1 Emissions Intensity Compared to Peers

1,0005,00020,000200,0001,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,000100,000Revenues (Millions of USD)Chart IndustriesYear: 2024Scope 1: 19,844 tCO2eRevenue: $M 4,160Scope 1 Intensity: 4.77 tCO2e/$MOtis WorldwideYear: 2024Scope 1: 120,275 tCO2eRevenue: $M 14,261Scope 1 Intensity: 8.43 tCO2e/$MParker-HannifinYear: 2023Scope 1: 127,000 tCO2eRevenue: $M 19,065Scope 1 Intensity: 6.66 tCO2e/$MEnproYear: 2024Scope 1: 11,394 tCO2eRevenue: $M 1,049Scope 1 Intensity: 10.86 tCO2e/$MRegal RexnordYear: 2024Scope 1: 61,149 tCO2eRevenue: $M 6,034Scope 1 Intensity: 10.13 tCO2e/$MKadantYear: 2024Scope 1: 30,384 tCO2eRevenue: $M 1,053Scope 1 Intensity: 28.84 tCO2e/$MAMETEKYear: 2024Scope 1: 29,700 tCO2eRevenue: $M 6,941Scope 1 Intensity: 4.28 tCO2e/$MGates IndustrialYear: 2024Scope 1: 106,200 tCO2eRevenue: $M 3,408Scope 1 Intensity: 31.16 tCO2e/$MIDEXYear: 2024Scope 1: 17,116 tCO2eRevenue: $M 3,269Scope 1 Intensity: 5.24 tCO2e/$MXylemYear: 2023Scope 1: 76,221 tCO2eRevenue: $M 7,364Scope 1 Intensity: 10.35 tCO2e/$MITTYear: 2023Scope 1: 32,312 tCO2eRevenue: $M 3,283Scope 1 Intensity: 9.84 tCO2e/$MIllinois Tool WorksYear: 2024Scope 1: 129,526 tCO2eRevenue: $M 15,898Scope 1 Intensity: 8.15 tCO2e/$MGenerac HoldingsYear: 2024Scope 1: 30,367 tCO2eRevenue: $M 4,296Scope 1 Intensity: 7.07 tCO2e/$MCumminsYear: 2023Scope 1: 294,863 tCO2eRevenue: $M 34,065Scope 1 Intensity: 8.66 tCO2e/$MIngersoll Rand IncYear: 2024Scope 1: 38,932 tCO2eRevenue: $M 7,235Scope 1 Intensity: 5.38 tCO2e/$MDonaldsonYear: 2023Scope 1: 23,797 tCO2eRevenue: $M 3,431Scope 1 Intensity: 6.94 tCO2e/$MGracoYear: 2023Scope 1: 14,247 tCO2eRevenue: $M 2,196Scope 1 Intensity: 6.49 tCO2e/$MNordsonYear: 2023Scope 1: 5,986 tCO2eRevenue: $M 2,629Scope 1 Intensity: 2.28 tCO2e/$MRockwell AutomationYear: 2024Scope 1: 26,604 tCO2eRevenue: $M 8,264Scope 1 Intensity: 3.22 tCO2e/$MMiddlebyYear: 2021Scope 1: 17,748 tCO2eRevenue: $M 3,251Scope 1 Intensity: 5.46 tCO2e/$MGE VernovaYear: 2024Scope 1: 226,811 tCO2eRevenue: $M 34,935Scope 1 Intensity: 6.49 tCO2e/$MCraneYear: 2023Scope 1: 13,970 tCO2eRevenue: $M 2,086Scope 1 Intensity: 6.70 tCO2e/$MA O SmithYear: 2019Scope 1: 71,824 tCO2eRevenue: $M 2,993Scope 1 Intensity: 24.00 tCO2e/$MFlowserveYear: 2023Scope 1: 15,570 tCO2eRevenue: $M 4,321Scope 1 Intensity: 3.60 tCO2e/$M

How does Flowserve's GHG emissions intensity compare to its peers?

In 2023, Flowserve reported a Scope 1 emissions intensity of 3.6 tCO₂e per millions USD. Compared to the peer group median of 6.94 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Flowserve rank on GHG emissions intensity within its industry?

In 2023, Flowserve ranked 3 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Flowserve among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Flowserve's Total Carbon Footprint

In 2023, Flowserve reported a total carbon footprint of 81,833,267 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 25.16% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Flowserve's total carbon footprint was Scope 3 emissions, accounting for 99.92% of the company's total carbon footprint, followed by Scope 2 emissions at 0.06%. a

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