In 2024, Franchise Brands 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).
Franchise Brands has also provided a category-level breakdown for 2 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 | 1,034.8a | 1,248.14a | 2,559.02a | |
Total Scope 2 | ||||
Market-Based | 394.15a | 345.26a | 251.69a | |
Location-Based | 201.93a | 192.73a | 138.47a | |
Total Scope 3 | 5,437.24a | 2,373.26a | 1,214.21a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 5.9236a | 8.0993a | 30.3922a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Franchise Brands amounted to 1,236.73 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 Franchise Brands decreased by 14.17%, 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 Franchise Brands were 1,034.8 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Franchise Brands's Scope 1 emissions have increased by 11.28%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Franchise Brands's Scope 1 emissions decreased by 17.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Franchise Brands reported Scope 2 greenhouse gas (GHG) emissions of 394.15 tCO₂e using the market-based method and 201.93 tCO₂e using the location-based method.a
Since 2020, Franchise Brands's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 87.84%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Franchise Brands's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Franchise Brands's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Franchise Brands reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Franchise Brands reported 5,437.24 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 Franchise Brands includes a breakdown across 2 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, Franchise Brands reported total Scope 3 emissions of 5,437.24 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Franchise Brands's Scope 3 emissions have increased by 1,285.28%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Franchise Brands's Scope 3 emissions increased by 129.1%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Franchise Brands reported emissions for 2 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 2024, the largest contributors to Franchise Brands's Scope 3 emissions were:a
In 2024, Franchise Brands reported Scope 1 greenhouse gas (GHG) emissions of 1,034.8 tCO₂e and total revenues of USD 175 millions. This translates into an emissions intensity of 5.92 tCO₂e per millions USD.a
In 2024, Franchise Brands reported a Scope 1 emissions intensity of 5.92 tCO₂e per millions USD. Compared to the peer group median of 4.12, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Franchise Brands ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Franchise Brands is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Franchise Brands reported a total carbon footprint of 6,673.97 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 74.98% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Franchise Brands's total carbon footprint was Scope 3 emissions, accounting for 81.47% of the company's total carbon footprint, followed by Scope 1 emissions at 15.51%.a