In 2024, Frey 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).
Frey 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) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 202a | 133a |
Total Scope 2 | ||
Unspecified Calculation Method | 1,747a | 1,337a |
Total Scope 3 | 359,536a | 347,357a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.0147a | 0.8091a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Frey amounted to 1,949 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 Frey increased by 32.59%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Frey were 202 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Frey's Scope 1 emissions increased by 51.88%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Frey reported Scope 2 greenhouse gas (GHG) emissions of 1,747 tCO₂e without specifying the calculation method.a
Compared to the previous year (2023), Frey's Scope 2 emissions (Unspecified Calculation Method) rose by 30.67% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Frey reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Frey reported 359,536 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 Frey includes a breakdown across 1 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, Frey reported total Scope 3 emissions of 359,536 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
Compared to the previous year (2023), Frey's Scope 3 emissions remained relatively stable, indicating that Frey's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Frey 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 2024, the largest contributors to Frey's Scope 3 emissions were:a
In 2024, Frey reported Scope 1 greenhouse gas (GHG) emissions of 202 tCO₂e and total revenues of USD 199 millions. This translates into an emissions intensity of 1.01 tCO₂e per millions USD.a
In 2024, Frey reported a Scope 1 emissions intensity of 1.01 tCO₂e per millions USD. Compared to the peer group median of 2.66, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Frey ranked 6 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Frey is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Frey reported a total carbon footprint of 361,485 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.63% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Frey's total carbon footprint was Scope 3 emissions, accounting for 99.46% of the company's total carbon footprint, followed by Scope 2 emissions at 0.48%.a