In 2024, GS Engineering & 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).
GS Engineering & Construction has also provided a category-level breakdown for 9 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 | 58,436a | 51,720a | 51,624a | |
Total Scope 2 | ||||
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 5,269,326a | 6,074,632a | 4,081,373a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.6659a | 4.9186a | 5.2897a |
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In 2024, the total operational greenhouse gas (GHG) emissions of GS Engineering & Construction amounted to 131,438 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 GS Engineering & Construction increased by 4.83%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of GS Engineering & Construction were 58,436 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, GS Engineering & Construction's Scope 1 emissions have remained relatively, stable, indicating that GS Engineering & Construction's emissions have plateaued with no significant change in its operational footprint.ac
Compared to the previous year (2023), GS Engineering & Construction's Scope 1 emissions increased by 12.99%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, GS Engineering & Construction reported Scope 2 greenhouse gas (GHG) emissions of 73,002 tCO₂e using the location-based method.a
Compared to the previous year (2023), GS Engineering & Construction's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that GS Engineering & Construction's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, GS Engineering & Construction reported its Scope 2 emissions using the location-based method.a
In 2024, GS Engineering & Construction reported 5,269,326 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 GS Engineering & Construction includes a breakdown across 9 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, GS Engineering & Construction reported total Scope 3 emissions of 5,269,326 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 31.49% of these emissions originated from upstream activities such as purchased goods and capital goods, while 68.51% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, GS Engineering & Construction's Scope 3 emissions have increased by 4,701.69%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), GS Engineering & Construction's Scope 3 emissions decreased by 13.26%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, GS Engineering & Construction reported emissions for 9 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 GS Engineering & Construction's Scope 3 emissions were:a
In 2024, GS Engineering & Construction reported Scope 1 greenhouse gas (GHG) emissions of 58,436 tCO₂e and total revenues of USD 8,766 millions. This translates into an emissions intensity of 6.67 tCO₂e per millions USD.a
In 2024, GS Engineering & Construction reported a Scope 1 emissions intensity of 6.67 tCO₂e per millions USD. Compared to the peer group median of 15.86, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, GS Engineering & Construction ranked 8 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
GS Engineering & Construction is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, GS Engineering & Construction reported a total carbon footprint of 5,400,764 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.89% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to GS Engineering & Construction's total carbon footprint was Scope 3 emissions, accounting for 97.57% of the company's total carbon footprint, followed by Scope 2 emissions at 1.35%.a