In 2024, Globant 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).
Globant has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 268.03a | 84.91b |
Total Scope 2 | ||
Market-Based | 0a | 0b |
Location-Based | 3,068.06a | 2,773.8b |
Total Scope 3 | 20,473.6a | 19,733.5b |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.111a | 0.0405b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Globant amounted to 3,336.09 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 Globant increased by 16.7%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Globant were 268.03 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Globant's Scope 1 emissions increased by 215.66%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Globant reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 3,068.06 tCO₂e using the location-based method.a
Compared to the previous year (2023), Globant's Scope 2 emissions (Location-Based) rose by 10.61% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Globant reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Globant reported 20,473.6 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 Globant includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Globant reported total Scope 3 emissions of 20,473.6 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), Globant's Scope 3 emissions remained relatively stable, indicating that Globant's emissions have plateaued with no significant change in its value chain footprint.ab
In 2024, Globant reported emissions for 5 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 Globant's Scope 3 emissions were:a
In 2024, Globant reported Scope 1 greenhouse gas (GHG) emissions of 268.03 tCO₂e and total revenues of USD 2,415 millions. This translates into an emissions intensity of 0.11 tCO₂e per millions USD.a
In 2024, Globant reported a Scope 1 emissions intensity of 0.11 tCO₂e per millions USD. Compared to the peer group median of 0.56, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Globant ranked 7 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Globant is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Globant reported a total carbon footprint of 23,809.69 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.39% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Globant's total carbon footprint was Scope 3 emissions, accounting for 85.99% of the company's total carbon footprint, followed by Scope 2 emissions at 12.89%.a