In 2023, Foeroya Banki P/F 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).
Foeroya Banki P/F has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 98.3a | 93.7a | 118.7a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 240.4a | 233.4a | 290.4a | |
Total Scope 3 | 84,930a | 87,657b | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.0759a | 1.6917a | N/A |
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In 2023, the total operational greenhouse gas (GHG) emissions of Foeroya Banki P/F amounted to 338.7 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 Foeroya Banki P/F increased by 3.55%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Foeroya Banki P/F were 98.3 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Foeroya Banki P/F's Scope 1 emissions have decreased by 31.31%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Foeroya Banki P/F's Scope 1 emissions increased by 4.91%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Foeroya Banki P/F reported Scope 2 greenhouse gas (GHG) emissions of 240.4 tCO₂e without specifying the calculation method.a
Since 2019, Foeroya Banki P/F's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 16.27%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), Foeroya Banki P/F's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Foeroya Banki P/F's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, Foeroya Banki P/F reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Foeroya Banki P/F reported 84,930 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 Foeroya Banki P/F includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2023, Foeroya Banki P/F reported total Scope 3 emissions of 84,930 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Foeroya Banki P/F's Scope 3 emissions remained relatively stable, indicating that Foeroya Banki P/F's emissions have plateaued with no significant change in its value chain footprint.ab
In 2023, Foeroya Banki P/F reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2023, the largest contributors to Foeroya Banki P/F's Scope 3 emissions were:a
In 2023, Foeroya Banki P/F reported Scope 1 greenhouse gas (GHG) emissions of 98.3 tCO₂e and total revenues of USD 91 millions. This translates into an emissions intensity of 1.08 tCO₂e per millions USD.a
In 2023, Foeroya Banki P/F reported a Scope 1 emissions intensity of 1.08 tCO₂e per millions USD. Compared to the peer group median of 0.79, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Foeroya Banki P/F ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Foeroya Banki P/F is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, Foeroya Banki P/F reported a total carbon footprint of 85,268.7 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.09% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Foeroya Banki P/F's total carbon footprint was Scope 3 emissions, accounting for 99.6% of the company's total carbon footprint, followed by Scope 2 emissions at 0.28%.a