In 2024, H2O Retailing 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).
H2O Retailing 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 | 54,000a | 52,000a | 40,000a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 193,000a | 175,000a | 175,000a | |
Total Scope 3 | 3,114,000a | 2,940,000a | 2,246,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 12.4396a | 11.0278a | 9.4143a |
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In 2024, the total operational greenhouse gas (GHG) emissions of H2O Retailing amounted to 247,000 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 H2O Retailing increased by 8.81%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of H2O Retailing were 54,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, H2O Retailing's Scope 1 emissions have increased by 35%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), H2O Retailing's Scope 1 emissions increased by 3.85%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, H2O Retailing reported Scope 2 greenhouse gas (GHG) emissions of 193,000 tCO₂e without specifying the calculation method.a
Since 2022, H2O Retailing's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 10.29%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), H2O Retailing's Scope 2 emissions (Unspecified Calculation Method) rose by 10.29% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, H2O Retailing reported its Scope 2 emissions using an unspecified methodology.a
In 2024, H2O Retailing reported 3,114,000 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 H2O Retailing 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, H2O Retailing reported total Scope 3 emissions of 3,114,000 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
Since 2022, H2O Retailing's Scope 3 emissions have increased by 38.65%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), H2O Retailing's Scope 3 emissions remained relatively stable, indicating that H2O Retailing's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, H2O Retailing 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 H2O Retailing's Scope 3 emissions were:a
In 2024, H2O Retailing reported Scope 1 greenhouse gas (GHG) emissions of 54,000 tCO₂e and total revenues of USD 4,341 millions. This translates into an emissions intensity of 12.44 tCO₂e per millions USD.a
In 2024, H2O Retailing reported a Scope 1 emissions intensity of 12.44 tCO₂e per millions USD. Compared to the peer group median of 10.3, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, H2O Retailing ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
H2O Retailing is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, H2O Retailing reported a total carbon footprint of 3,361,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.13% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to H2O Retailing's total carbon footprint was Scope 3 emissions, accounting for 92.65% of the company's total carbon footprint, followed by Scope 2 emissions at 5.74%.a