Fortive Corp

Common Name
Fortive
Country
United States
Sector
Technology
Industry
Scientific & Technical Instruments
Employees
18,000
Ticker
FTV
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Fortive Corporation is a diversified industrial technology company that designs, develops, and markets essential products and software services. Operating across various sectors, its core function is ...

Fortive's GHG Emissions Data Preview

In 2023, Fortive 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).

Fortive 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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Fortive's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Fortive amounted to 51,169 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Fortive decreased by 11%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Fortive's Scope 1 Emissions Over Time

20182019202020212022202305.5 k11 k16.5 k22 ktCO2e+51%-8%-29%+11%-14%
  • Total Scope 1
  • Year-over-Year Change

What are Fortive's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Fortive were 13,258 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Fortive reduced its Scope 1 emissions over time?

Since 2018, Fortive's Scope 1 emissions have decreased by 5.58%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Fortive's Scope 1 emissions decreased by 13.76%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Fortive's Scope 2 emissions?

In 2023, Fortive reported Scope 2 greenhouse gas (GHG) emissions of 37,911 tCOâ‚‚e without specifying the calculation method.

What methodology does Fortive use for Scope 2 reporting?

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

Fortive's Scope 2 Emissions Over Time

201820192020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Fortive's Value Chain Emissions

In 2023, Fortive reported 599,920 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Fortive 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

Fortive's Scope 3 Emissions Over Time

2021202220230150 k300 k450 k600 ktCO2e-1%+39%
  • Total Scope 3
  • Year-over-Year Change

What are Fortive's Scope 3 emissions?

In 2023, Fortive reported total Scope 3 emissions of 599,920 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 67.33% of these emissions originated from upstream activities such as purchased goods and capital goods, while 32.67% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Fortive's Scope 3 emissions increased by 39.02%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Fortive disclose?

In 2023, Fortive reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Fortive's Scope 3 emissions?

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

  • Use of Sold Products (Cat. 11): 192,512 tCOâ‚‚e (32.09%)
  • Purchased Goods and Services (Cat. 1): 185,489 tCOâ‚‚e (30.92%)
  • Capital Goods (Cat. 2): 119,357 tCOâ‚‚e (19.9%)

Fortive's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(32.1%)Capital Goods(Cat. 2)(19.9%)Purchased Goods andServices (Cat. 1)(30.9%)

Insights into Fortive's Total Carbon Footprint

In 2023, Fortive reported a total carbon footprint of 651,089 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 33.14% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Fortive's total carbon footprint was Scope 3 emissions, accounting for 92.14% of the company's total carbon footprint, followed by Scope 2 emissions at 5.82%.