In 2024, GCL SI 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).
GCL SI has also provided a category-level breakdown for 9 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 | 1,295.6a | 1,309.95a | 325.87a | |
Total Scope 2 | ||||
Market-Based | 519,191.67a | 248,867.51a | N/A | |
Location-Based | 475,748.9a | 250,992.4a | 87,669.92a | |
Total Scope 3 | 21,949,731.6a | 14,408,777.62a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.5822a | 0.583a | 0.2716a |
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In 2024, the total operational greenhouse gas (GHG) emissions of GCL SI amounted to 477,044.5 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 GCL SI increased by 89.08%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of GCL SI were 1,295.6 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, GCL SI's Scope 1 emissions have increased by 449.73%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), GCL SI's Scope 1 emissions decreased by 1.1%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, GCL SI reported Scope 2 greenhouse gas (GHG) emissions of 519,191.67 tCO₂e using the market-based method and 475,748.9 tCO₂e using the location-based method.a
Since 2021, GCL SI's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 625.46%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), GCL SI's Scope 2 emissions (Location-Based) rose by 89.55% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, GCL SI reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, GCL SI reported 21,949,731.6 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 GCL SI includes a breakdown across 9 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, GCL SI reported total Scope 3 emissions of 21,949,731.6 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 96.6% of these emissions originated from upstream activities such as purchased goods and capital goods, while 3.4% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), GCL SI's Scope 3 emissions increased by 52.34%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, GCL SI reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to GCL SI's Scope 3 emissions were:a
In 2024, GCL SI reported Scope 1 greenhouse gas (GHG) emissions of 1,295.6 tCO₂e and total revenues of USD 2,225 millions. This translates into an emissions intensity of 0.58 tCO₂e per millions USD.a
In 2024, GCL SI reported a Scope 1 emissions intensity of 0.58 tCO₂e per millions USD. Compared to the peer group median of 7.22, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, GCL SI ranked 5 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places GCL SI among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, GCL SI reported a total carbon footprint of 22,426,776.1 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 52.97% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to GCL SI's total carbon footprint was Scope 3 emissions, accounting for 97.87% of the company's total carbon footprint, followed by Scope 2 emissions at 2.12%.a