In 2024, Granite Construction 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).
Granite Construction has also provided a category-level breakdown for 1 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 | 229,298a | 247,426a | 214,231a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 21,558a | 23,692a | 22,868a | |
Total Scope 3 | 22,041a | 22,066a | 22,351a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 57.2162a | 70.5091a | 64.8938a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Granite Construction amounted to 250,856 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 Granite Construction decreased by 7.47%, 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 Granite Construction were 229,298 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Granite Construction's Scope 1 emissions have increased by 8.3%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Granite Construction's Scope 1 emissions decreased by 7.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Granite Construction reported Scope 2 greenhouse gas (GHG) emissions of 21,558 tCO₂e without specifying the calculation method.a
Since 2020, Granite Construction's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Granite Construction's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Granite Construction's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Granite Construction's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Granite Construction reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Granite Construction reported 22,041 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 Granite Construction includes a breakdown across 1 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, Granite Construction reported total Scope 3 emissions of 22,041 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
Since 2020, Granite Construction's Scope 3 emissions have decreased by 64.02%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Granite Construction's Scope 3 emissions remained relatively stable, indicating that Granite Construction's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Granite Construction reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Granite Construction's Scope 3 emissions were:a
In 2024, Granite Construction reported Scope 1 greenhouse gas (GHG) emissions of 229,298 tCO₂e and total revenues of USD 4,008 millions. This translates into an emissions intensity of 57.22 tCO₂e per millions USD.a
In 2024, Granite Construction reported a Scope 1 emissions intensity of 57.22 tCO₂e per millions USD. Compared to the peer group median of 8.36, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Granite Construction ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Granite Construction among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Granite Construction reported a total carbon footprint of 272,897 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.92% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Granite Construction's total carbon footprint was Scope 1 emissions, accounting for 84.02% of the company's total carbon footprint, followed by Scope 3 emissions at 8.08%.a