In 2024, Grenke 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).
Grenke has also provided a category-level breakdown for 6 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 | 2,690a | 3,184a | 3,407a | |
Total Scope 2 | ||||
Market-Based | 1,440a | 1,778a | 2,089a | |
Location-Based | 960a | 1,197a | 1,498a | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 4,183a | 3,581a | 4,632a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.4875a | 5.5025a | 5.2047a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Grenke amounted to 3,650 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 Grenke decreased by 16.69%, 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 Grenke were 2,690 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Grenke's Scope 1 emissions have decreased by 40.12%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Grenke's Scope 1 emissions decreased by 15.52%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Grenke reported Scope 2 greenhouse gas (GHG) emissions of 1,440 tCO₂e using the market-based method and 960 tCO₂e using the location-based method.a
Compared to the previous year (2023), Grenke's Scope 2 emissions (Location-Based) fell by 19.8% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Grenke reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Grenke reported 4,183 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 Grenke includes a breakdown across 6 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, Grenke reported total Scope 3 emissions of 4,183 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 2021, Grenke's Scope 3 emissions have decreased by 32.38%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Grenke's Scope 3 emissions increased by 16.81%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Grenke reported emissions for 6 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 Grenke's Scope 3 emissions were:a
In 2024, Grenke reported Scope 1 greenhouse gas (GHG) emissions of 2,690 tCO₂e and total revenues of USD 599 millions. This translates into an emissions intensity of 4.49 tCO₂e per millions USD.a
In 2024, Grenke reported a Scope 1 emissions intensity of 4.49 tCO₂e per millions USD. Compared to the peer group median of 0.69, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Grenke ranked 20 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Grenke among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Grenke reported a total carbon footprint of 7,833 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.62% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Grenke's total carbon footprint was Scope 3 emissions, accounting for 53.4% of the company's total carbon footprint, followed by Scope 1 emissions at 34.34%.a