In 2024, Fluence Energy 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).
Fluence Energy has also provided a category-level breakdown for 8 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 | 19.69a | 19.065a | 19.503a | |
Total Scope 2 | ||||
Market-Based | 1,204.354a | 2,622.074b | N/A | |
Location-Based | 1,044a | 2,091.495b | N/A | |
Unspecified Calculation Method | N/A | N/A | 2,058.8a | |
Total Scope 3 | 692,849.516a | 543,745.158a | 2,048.731a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0073a | 0.0086a | 0.0163a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Fluence Energy amounted to 1,063.69 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 Fluence Energy decreased by 49.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Fluence Energy were 19.69 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Fluence Energy's Scope 1 emissions have remained relatively, stable, indicating that Fluence Energy's emissions have plateaued with no significant change in its operational footprint.a
Compared to the previous year (2023), Fluence Energy's Scope 1 emissions increased by 3.28%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Fluence Energy reported Scope 2 greenhouse gas (GHG) emissions of 1,204.354 tCO₂e using the market-based method and 1,044 tCO₂e using the location-based method.a
Compared to the previous year (2023), Fluence Energy's Scope 2 emissions (Location-Based) fell by 50.08% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, Fluence Energy reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Fluence Energy reported 692,849.516 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 Fluence Energy includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 6 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Fluence Energy reported total Scope 3 emissions of 692,849.516 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 92.45% of these emissions originated from upstream activities such as purchased goods and capital goods, while 7.55% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Fluence Energy's Scope 3 emissions have increased by 33,718.47%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Fluence Energy's Scope 3 emissions increased by 27.42%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Fluence Energy reported emissions for 8 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 Fluence Energy's Scope 3 emissions were:a
In 2024, Fluence Energy reported Scope 1 greenhouse gas (GHG) emissions of 19.69 tCO₂e and total revenues of USD 2,697 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD.a
In 2024, Fluence Energy reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 9.66, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Fluence Energy ranked 1 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Fluence Energy among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Fluence Energy reported a total carbon footprint of 693,913.206 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 27.12% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Fluence Energy's total carbon footprint was Scope 3 emissions, accounting for 99.85% of the company's total carbon footprint, followed by Scope 2 emissions at 0.15%.a