In 2024, Giant Manufacturing 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).
Giant Manufacturing has also provided a category-level breakdown for 15 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 | 56,301.06a | 53,513.55a | 59,487.34a | |
Total Scope 2 | ||||
Market-Based | 89,840.456a | 95,813.6a | 122,174.09a | |
Location-Based | 89,840.456a | 95,813.6a | 122,174.09a | |
Total Scope 3 | 517,681.22a | 642,484.83a | 1,078,617.93a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 25.876a | 21.3328a | 19.86a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Giant Manufacturing amounted to 146,141.516 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 Giant Manufacturing decreased by 2.13%, 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 Giant Manufacturing were 56,301.06 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Giant Manufacturing's Scope 1 emissions have decreased by 13.57%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Giant Manufacturing's Scope 1 emissions increased by 5.21%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Giant Manufacturing reported Scope 2 greenhouse gas (GHG) emissions of 89,840.456 tCO₂e using the market-based method and 89,840.456 tCO₂e using the location-based method.a
Since 2021, Giant Manufacturing's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 23.3%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Giant Manufacturing's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Giant Manufacturing's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Giant Manufacturing reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Giant Manufacturing reported 517,681.22 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 Giant Manufacturing includes a breakdown across 15 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, Giant Manufacturing reported total Scope 3 emissions of 517,681.22 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 95.1% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.9% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Giant Manufacturing's Scope 3 emissions have decreased by 78.92%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Giant Manufacturing's Scope 3 emissions decreased by 19.43%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Giant Manufacturing reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Giant Manufacturing's Scope 3 emissions were:a
In 2024, Giant Manufacturing reported Scope 1 greenhouse gas (GHG) emissions of 56,301.06 tCO₂e and total revenues of USD 2,176 millions. This translates into an emissions intensity of 25.88 tCO₂e per millions USD.a
In 2024, Giant Manufacturing reported a Scope 1 emissions intensity of 25.88 tCO₂e per millions USD. Compared to the peer group median of 2.82, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Giant Manufacturing ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Giant Manufacturing among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Giant Manufacturing reported a total carbon footprint of 663,822.736 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.16% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Giant Manufacturing's total carbon footprint was Scope 3 emissions, accounting for 77.98% of the company's total carbon footprint, followed by Scope 2 emissions at 13.53%.a