In 2024, HL Mando 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).
HL Mando has also provided a category-level breakdown for 14 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 | 19,432a | 15,263a | 15,206a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 204,371a | 254,132a | 222,692a | |
Total Scope 3 | 7,721,985a | 7,370,447a | 7,583,237a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.2226a | 2.3238a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of HL Mando amounted to 223,803 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 HL Mando decreased by 16.92%, 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 HL Mando were 19,432 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, HL Mando's Scope 1 emissions have increased by 198.59%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), HL Mando's Scope 1 emissions increased by 27.31%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, HL Mando reported Scope 2 greenhouse gas (GHG) emissions of 204,371 tCO₂e without specifying the calculation method.a
Since 2020, HL Mando's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 183.61%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), HL Mando's Scope 2 emissions (Unspecified Calculation Method) fell by 19.58% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, HL Mando reported its Scope 2 emissions using an unspecified methodology.a
In 2024, HL Mando reported 7,721,985 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 HL Mando includes a breakdown across 14 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, HL Mando reported total Scope 3 emissions of 7,721,985 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 33.56% of these emissions originated from upstream activities such as purchased goods and capital goods, while 66.44% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, HL Mando's Scope 3 emissions have increased by 487.63%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), HL Mando's Scope 3 emissions remained relatively stable, indicating that HL Mando's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, HL Mando reported emissions for 14 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to HL Mando's Scope 3 emissions were:a
In 2024, HL Mando reported Scope 1 greenhouse gas (GHG) emissions of 19,432 tCO₂e and total revenues of USD 6,030 millions. This translates into an emissions intensity of 3.22 tCO₂e per millions USD.a
In 2024, HL Mando reported a Scope 1 emissions intensity of 3.22 tCO₂e per millions USD. Compared to the peer group median of 14.98, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, HL Mando ranked 8 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
HL Mando is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, HL Mando reported a total carbon footprint of 7,945,788 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to HL Mando's total carbon footprint was Scope 3 emissions, accounting for 97.18% of the company's total carbon footprint, followed by Scope 2 emissions at 2.57%.a