Garrett Motion Inc

Common Name
Garrett Motion
Country
Switzerland
Sector
Consumer Cyclical
Industry
Auto Parts
Employees
6,600
Ticker
GTX
Exchange
NASDAQ/NGS
Description
Garrett Motion Inc. is a leading manufacturer and distributor of turbocharger and electric-boosting technologies, primarily used in the automotive industry. The company excels in creating solutions th...

Garrett Motion's GHG Emissions Data Preview

In 2023, Garrett Motion 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).

Garrett Motion has also provided a category-level breakdown for 11 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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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 Garrett Motion's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Garrett Motion amounted to 42,968 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 Garrett Motion decreased by 3.42%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Garrett Motion's Scope 1 Emissions Over Time

2019202020212022202302.5 k5 k7.5 k10 ktCO2e-28%+22%-13%-21%
  • Total Scope 1
  • Year-over-Year Change

What are Garrett Motion's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Garrett Motion were 5,835 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Garrett Motion reduced its Scope 1 emissions over time?

Since 2019, Garrett Motion's Scope 1 emissions have decreased by 39.07%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Garrett Motion's Scope 1 emissions decreased by 20.75%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Garrett Motion's Scope 2 emissions?

In 2023, Garrett Motion reported Scope 2 greenhouse gas (GHG) emissions of 35,583 tCOâ‚‚e using the market-based method, and 37,133 tCOâ‚‚e using the location-based method.

Has Garrett Motion reduced its Scope 2 emissions over time?

Since 2019, Garrett Motion's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 20.26%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Garrett Motion's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Garrett Motion 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Garrett Motion use for Scope 2 reporting?

In 2023, Garrett Motion reported its Scope 2 emissions using the market-based method and using the location-based method.

Garrett Motion's Scope 2 Emissions Over Time

20192020202120222023015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Garrett Motion's Value Chain Emissions

In 2023, Garrett Motion reported 1,640,040 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 Garrett Motion includes a breakdown across 11 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.

Garrett Motion's Scope 3 Emissions Over Time

201920202021202220230450 k900 k1.35 M1.8 MtCO2e-14%+23%+10%-2%
  • Total Scope 3
  • Year-over-Year Change

What are Garrett Motion's Scope 3 emissions?

In 2023, Garrett Motion reported total Scope 3 emissions of 1,640,040 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 97.03% of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.97% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Garrett Motion reduced its Scope 3 emissions over time?

Since 2019, Garrett Motion's Scope 3 emissions have increased by 14.85%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Garrett Motion's Scope 3 emissions remained relatively stable, indicating that Garrett Motion 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Garrett Motion disclose?

In 2023, Garrett Motion reported emissions for 11 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 Garrett Motion's Scope 3 emissions?

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

  • Purchased Goods and Services (Cat. 1): 1,408,695 tCOâ‚‚e (85.89%)
  • Upstream Transportation and Distribution (Cat. 4): 127,355 tCOâ‚‚e (7.77%)
  • Processing of Sold Products (Cat. 10): 45,757 tCOâ‚‚e (2.79%)

Garrett Motion's Scope 3 Emissions by Categories

Processing of SoldProducts (Cat. 10)(2.8%)UpstreamTransportation andDistribution(Cat. 4)(7.8%)Purchased Goods andServices (Cat. 1)(85.9%)

Insights into Garrett Motion's Total Carbon Footprint

In 2023, Garrett Motion reported a total carbon footprint of 1,683,008 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.64% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Garrett Motion's total carbon footprint was Scope 3 emissions, accounting for 97.45% of the company's total carbon footprint, followed by Scope 2 emissions at 2.21%.