In 2024, Gujarat Energy 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).
However, Gujarat Energy has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,595.2a | 2,910.13a | 2,700.01b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 104,330.3a | 94,151.97a | 95,581.92b | |
Total Scope 3 | 19,848.4a | 17,341.85a | 16,598.49b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.9223a | 1.4337a | 1.25b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Gujarat Energy amounted to 107,925.5 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 Gujarat Energy increased by 11.19%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Gujarat Energy were 3,595.2 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Gujarat Energy's Scope 1 emissions have increased by 33.16%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Gujarat Energy's Scope 1 emissions increased by 23.54%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Gujarat Energy reported Scope 2 greenhouse gas (GHG) emissions of 104,330.3 tCO₂e without specifying the calculation method.a
Since 2022, Gujarat Energy's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Gujarat Energy's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Gujarat Energy's Scope 2 emissions (Unspecified Calculation Method) rose by 10.81% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Gujarat Energy reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Gujarat Energy reported 19,848.4 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 Gujarat Energy includes a breakdown across 0 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, Gujarat Energy reported total Scope 3 emissions of 19,848.4 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Gujarat Energy's Scope 3 emissions have increased by 19.58%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Gujarat Energy's Scope 3 emissions increased by 14.45%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Gujarat Energy reported Scope 1 greenhouse gas (GHG) emissions of 3,595.2 tCO₂e and total revenues of USD 1,870 millions. This translates into an emissions intensity of 1.92 tCO₂e per millions USD.a
In 2024, Gujarat Energy reported a Scope 1 emissions intensity of 1.92 tCO₂e per millions USD. Compared to the peer group median of 113.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Gujarat Energy ranked 2 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Gujarat Energy among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Gujarat Energy reported a total carbon footprint of 127,773.9 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.69% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Gujarat Energy's total carbon footprint was Scope 2 emissions, accounting for 81.65% of the company's total carbon footprint, followed by Scope 3 emissions at 15.53%.a