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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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Granges’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Granges’s data sources below and access millions more through our Disclosure Search.

a. Granges's Annual Report 2024
a. Granges's Annual Report 2024

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%)
  • Downstream Transportation and Distribution (Cat. 9): 31,000 tCO₂e (0.89%)

Granges's Scope 3 Emissions by Categories

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

Insights into Granges’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Granges reported Scope 1 greenhouse gas (GHG) emissions of 239,000 tCO₂e and total revenues of USD 2,133 millions. This translates into an emissions intensity of 112.05 tCO₂e per millions USD. a

Granges's Scope 1 Emissions Intensity Compared to Peers

202,000200,00050,000,0005,000,000,000Scope 1 Emissions (tCO2e)1001,00020,000200,0005,000,000Revenues (Millions of USD)IADYKShandong Nanshan AluminiumYear: 2023Scope 1: 1,534,661 tCO2eRevenue: $M 4,058Scope 1 Intensity: 378.14 tCO2e/$MOK Rusal MKPAOYear: 2023Scope 1: 27,238,000 tCO2eRevenue: $M 979,971Scope 1 Intensity: 27.79 tCO2e/$MAlcoaYear: 2024Scope 1: 15,570,000 tCO2eRevenue: $M 11,895Scope 1 Intensity: 1,308.95 tCO2e/$MIIInnovation New Material TechnologyYear: 2023Scope 1: 387,054 tCO2eRevenue: $M 10,250Scope 1 Intensity: 37.76 tCO2e/$MEn+ Group MKPAOYear: 2022Scope 1: 12,000,000 tCO2eRevenue: $M 1,339,824Scope 1 Intensity: 8.96 tCO2e/$MAAAluminum Corporation of ChinaYear: 2024Scope 1: 68,701,400 tCO2eRevenue: $M 32,483Scope 1 Intensity: 2,114.98 tCO2e/$MCBAYear: 2023Scope 1: 1,358,308 tCO2eRevenue: $M 1,515Scope 1 Intensity: 896.57 tCO2e/$MDDDingsheng New MaterialsYear: 2021Scope 1: 73,492 tCO2eRevenue: $M 2,851Scope 1 Intensity: 25.78 tCO2e/$MSvenska Cellulosa AktiebolagetYear: 2024Scope 1: 279,200 tCO2eRevenue: $M 1,836Scope 1 Intensity: 152.08 tCO2e/$MYYYunnan AluminiumYear: 2023Scope 1: 639,940,000 tCO2eRevenue: $M 6,004Scope 1 Intensity: 106,589.75 tCO2e/$MNational AluminiumYear: 2025Scope 1: 10,641,136 tCO2eRevenue: $M 1,965Scope 1 Intensity: 5,415.82 tCO2e/$MHolmenYear: 2024Scope 1: 61,000 tCO2eRevenue: $M 2,065Scope 1 Intensity: 29.54 tCO2e/$MKKKB ComponentsYear: 2024Scope 1: 51 tCO2eRevenue: $M 247Scope 1 Intensity: 0.21 tCO2e/$MBolidenYear: 2024Scope 1: 657,646 tCO2eRevenue: $M 8,095Scope 1 Intensity: 81.24 tCO2e/$MPress MetalYear: 2024Scope 1: 1,793,559 tCO2eRevenue: $M 3,334Scope 1 Intensity: 537.90 tCO2e/$MChina Hongqiao GroupYear: 2024Scope 1: 71,670,000 tCO2eRevenue: $M 23,294Scope 1 Intensity: 3,076.70 tCO2e/$MBillerudYear: 2023Scope 1: 778,627 tCO2eRevenue: $M 4,086Scope 1 Intensity: 190.55 tCO2e/$MHindalco IndustriesYear: 2025Scope 1: 28,710,000 tCO2eRevenue: $M 27,741Scope 1 Intensity: 1,034.93 tCO2e/$MConstelliumYear: 2023Scope 1: 702,000 tCO2eRevenue: $M 7,239Scope 1 Intensity: 96.97 tCO2e/$MNorsk HydroYear: 2024Scope 1: 6,360,000 tCO2eRevenue: $M 17,959Scope 1 Intensity: 354.13 tCO2e/$MSylvamoYear: 2024Scope 1: 699,557 tCO2eRevenue: $M 3,773Scope 1 Intensity: 185.41 tCO2e/$MSimsYear: 2024Scope 1: 80 tCO2eRevenue: $M 4,795Scope 1 Intensity: 0.02 tCO2e/$MAlleimaYear: 2023Scope 1: 86,000 tCO2eRevenue: $M 2,049Scope 1 Intensity: 41.98 tCO2e/$MGrangesYear: 2024Scope 1: 239,000 tCO2eRevenue: $M 2,133Scope 1 Intensity: 112.05 tCO2e/$M

How does Granges's GHG emissions intensity compare to its peers?

In 2024, Granges reported a Scope 1 emissions intensity of 112.05 tCO₂e per millions USD. Compared to the peer group median of 185.41 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Granges rank on GHG emissions intensity within its industry?

In 2024, Granges ranked 11 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Granges is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

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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