Granges AB

Common Name
Granges
Country
Sweden
Sector
Basic Materials
Industry
Aluminum
Employees
2,700
Ticker
GRNG
Exchange
NASDAQ STOCKHOLM AB
Description
Gränges AB is a leading global manufacturer of advanced aluminum products, focusing primarily on rolled aluminum for the automotive and other transport-related industries. The company is recognized fo...

Granges's GHG Emissions Data Preview

In 2024, Granges 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).

Granges 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)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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Verified Sources Behind Granges’s Greenhouse Gas (GHG) Emissions Data

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a. Granges's Annual Report 2024
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Insights into Granges's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Granges amounted to 484,000 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 Granges increased by 4.09%, suggesting that the company faced challenges in reducing its emissions from its core operations. a

Granges's Scope 1 Emissions Over Time

202120232024060 k120 k180 k240 ktCO2e0%+8%
  • Total Scope 1
  • Year-over-Year Change

What are Granges's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Granges were 239,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Granges reduced its Scope 1 emissions over time?

Since 2021, Granges's Scope 1 emissions have increased by 8.14%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2023), Granges's Scope 1 emissions increased by 7.66%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Granges's Scope 2 emissions?

In 2024, Granges reported Scope 2 greenhouse gas (GHG) emissions of 88,000 tCO₂e using the market-based method and 245,000 tCO₂e using the location-based method. a

Has Granges reduced its Scope 2 emissions over time?

Since 2021, Granges's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Granges 's emissions have plateaued with no significant change in its energy consumption footprint. a

Compared to the previous year (2023), Granges's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Granges 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Granges use for Scope 2 reporting?

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

Granges's Scope 2 Emissions Over Time

202120232024070 k140 k210 k280 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Granges's Value Chain Emissions

In 2024, Granges reported 3,496,000 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 Granges includes a breakdown across 5 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

Granges's Scope 3 Emissions Over Time

20212023202401.5 M3 M4.5 M6 MtCO2e-13%-4%
  • Total Scope 3
  • Year-over-Year Change

What are Granges's Scope 3 emissions?

In 2024, Granges reported total Scope 3 emissions of 3,496,000 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

Has Granges reduced its Scope 3 emissions over time?

Since 2021, Granges's Scope 3 emissions have decreased by 16.82%, reflecting a declining long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2023), Granges's Scope 3 emissions remained relatively stable, indicating that Granges 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Granges disclose?

In 2024, Granges 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.

What are the main sources of Granges's Scope 3 emissions?

In 2024, the largest contributors to Granges's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 3,377,000 tCO₂e (96.61%)
  • Fuel- and Energy-Related Services (Cat. 3): 56,000 tCO₂e (1.6%)
  • Upstream Transportation and Distribution (Cat. 4): 31,000 tCO₂e (0.89%)

Granges's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(96.6%)Fuel- andEnergy-RelatedServices (Cat. 3)(1.6%)

Insights into Granges's Total Carbon Footprint

In 2024, Granges reported a total carbon footprint of 3,980,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.07% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Granges's total carbon footprint was Scope 3 emissions, accounting for 87.84% of the company's total carbon footprint, followed by Scope 2 emissions at 6.16%. a

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