Garmin Ltd

Common Name
Garmin
Country
Switzerland
Sector
Technology
Industry
Scientific & Technical Instruments
Employees
21,800
Ticker
GRMN
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Garmin Ltd. is a global technology company recognized for its innovative navigation, communications, and information devices, predominantly enabled by Global Positioning System (GPS) technology. Found...

Garmin's GHG Emissions Data Preview

In 2024, Garmin 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).

However, Garmin has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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0000000
Location-Based
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0000000
Total Scope 3
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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0000000
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Verified Sources Behind Garmin’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Garmin’s data sources below and access millions more through our Disclosure Search.

a. Garmin's Financial & Extra-Financial Disclosure 2024
a. Garmin's Financial & Extra-Financial Disclosure 2024

Insights into Garmin's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Garmin amounted to 55,191 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

Garmin's Scope 1 Emissions Over Time

202402.5 k5 k7.5 k10 ktCO2e
  • Total Scope 1
  • Year-over-Year Change

What are Garmin's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Garmin were 9,865 metric tons of CO₂ equivalent (tCO₂e). a

What are Garmin's Scope 2 emissions?

In 2024, Garmin reported Scope 2 greenhouse gas (GHG) emissions of 45,326 tCO₂e using the market-based method. a

What methodology does Garmin use for Scope 2 reporting?

In 2024, Garmin reported its Scope 2 emissions using the market-based method. a

Garmin's Scope 2 Emissions Over Time

2024015 k30 k45 k60 ktCO2e
  • Total Scope 2 Market-Based

Insights into Garmin's Value Chain Emissions

In 2024, Garmin reported 960,295 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 Garmin includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in , demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Garmin's Scope 3 Emissions Over Time

20240250 k500 k750 k1 MtCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Garmin's Scope 3 emissions?

In 2024, Garmin reported total Scope 3 emissions of 960,295 metric tons of CO₂ equivalent (tCO₂e). a

Insights into Garmin’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Garmin reported Scope 1 greenhouse gas (GHG) emissions of 9,865 tCO₂e and total revenues of USD 6,297 millions. This translates into an emissions intensity of 1.57 tCO₂e per millions USD. a

Garmin's Scope 1 Emissions Intensity Compared to Peers

1001,0005,00020,000200,000Scope 1 Emissions (tCO2e)502002,00020,000200,000Revenues (Millions of USD)Logitech InternationalYear: 2024Scope 1: 416 tCO2eRevenue: $M 4,298Scope 1 Intensity: 0.10 tCO2e/$MCoherentYear: 2024Scope 1: 49,811 tCO2eRevenue: $M 4,708Scope 1 Intensity: 10.58 tCO2e/$MHexagonYear: 2024Scope 1: 13,832 tCO2eRevenue: $M 62,732Scope 1 Intensity: 0.22 tCO2e/$MOxford InstrumentsYear: 2024Scope 1: 425 tCO2eRevenue: $M 594Scope 1 Intensity: 0.72 tCO2e/$MBadger MeterYear: 2024Scope 1: 1,988 tCO2eRevenue: $M 827Scope 1 Intensity: 2.41 tCO2e/$MInficon HoldingYear: 2024Scope 1: 982 tCO2eRevenue: $M 541Scope 1 Intensity: 1.82 tCO2e/$MSensirion HoldingYear: 2024Scope 1: 989 tCO2eRevenue: $M 305Scope 1 Intensity: 3.24 tCO2e/$MLacroix GroupYear: 2024Scope 1: 1,669 tCO2eRevenue: $M 661Scope 1 Intensity: 2.52 tCO2e/$MHoribaYear: 2023Scope 1: 32,865 tCO2eRevenue: $M 2,054Scope 1 Intensity: 16.00 tCO2e/$MEspecYear: 2024Scope 1: 3,622 tCO2eRevenue: $M 410Scope 1 Intensity: 8.83 tCO2e/$MFortiveYear: 2023Scope 1: 13,258 tCO2eRevenue: $M 6,065Scope 1 Intensity: 2.19 tCO2e/$MTrimbleYear: 2023Scope 1: 4,000 tCO2eRevenue: $M 3,799Scope 1 Intensity: 1.05 tCO2e/$MTeledyne TechnologiesYear: 2024Scope 1: 58,970 tCO2eRevenue: $M 5,670Scope 1 Intensity: 10.40 tCO2e/$MVontierYear: 2024Scope 1: 10,931 tCO2eRevenue: $M 2,979Scope 1 Intensity: 3.67 tCO2e/$MJEOLYear: 2022Scope 1: 1,609 tCO2eRevenue: $M 1,134Scope 1 Intensity: 1.42 tCO2e/$MTopconYear: 2023Scope 1: 3,552 tCO2eRevenue: $M 1,619Scope 1 Intensity: 2.19 tCO2e/$MChroma ATEYear: 2024Scope 1: 493 tCO2eRevenue: $M 659Scope 1 Intensity: 0.75 tCO2e/$MESCO TechnologiesYear: 2023Scope 1: 5,535 tCO2eRevenue: $M 956Scope 1 Intensity: 5.79 tCO2e/$MViscomYear: 2024Scope 1: 982 tCO2eRevenue: $M 87Scope 1 Intensity: 11.22 tCO2e/$MKeysight TechnologiesYear: 2023Scope 1: 16,161 tCO2eRevenue: $M 5,464Scope 1 Intensity: 2.96 tCO2e/$MItronYear: 2024Scope 1: 3,798 tCO2eRevenue: $M 2,441Scope 1 Intensity: 1.56 tCO2e/$MComet HoldingYear: 2024Scope 1: 662 tCO2eRevenue: $M 492Scope 1 Intensity: 1.35 tCO2e/$MNovantaYear: 2024Scope 1: 3,027 tCO2eRevenue: $M 949Scope 1 Intensity: 3.19 tCO2e/$MSpectrisYear: 2024Scope 1: 4,327 tCO2eRevenue: $M 1,630Scope 1 Intensity: 2.65 tCO2e/$MGarminYear: 2024Scope 1: 9,865 tCO2eRevenue: $M 6,297Scope 1 Intensity: 1.57 tCO2e/$M

How does Garmin's GHG emissions intensity compare to its peers?

In 2024, Garmin reported a Scope 1 emissions intensity of 1.57 tCO₂e per millions USD. Compared to the peer group median of 2.46 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Garmin rank on GHG emissions intensity within its industry?

In 2024, Garmin ranked 9 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Garmin is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Garmin's Total Carbon Footprint

In 2024, Garmin reported a total carbon footprint of 1,015,486 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. a

The largest contributor to Garmin's total carbon footprint was Scope 3 emissions, accounting for 94.57% of the company's total carbon footprint, followed by Scope 2 emissions at 4.46%. a

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