In 2024, Home Depot 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).
Home Depot has also provided a category-level breakdown for 10 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 | 713,282.77a | 628,738b | 597,000c | |
Total Scope 2 | ||||
Market-Based | 847,880.96a | 733,779b | 792,000c | |
Location-Based | 1,026,931.19a | 1,033,194b | 960,000c | |
Total Scope 3 | 207,982,598a | 192,934,480b | 3,696,500d | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.4716a | 4.1183b | 3.7928c |
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In 2024, the total operational greenhouse gas (GHG) emissions of Home Depot amounted to 1,740,213.96 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 Home Depot increased by 4.71%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Home Depot were 713,282.77 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Home Depot's Scope 1 emissions have increased by 28.75%, reflecting a rising long-term trend in Scope 1 emissions over time.ae
Compared to the previous year (2023), Home Depot's Scope 1 emissions increased by 13.45%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Home Depot reported Scope 2 greenhouse gas (GHG) emissions of 847,880.96 tCO₂e using the market-based method and 1,026,931.19 tCO₂e using the location-based method.a
Since 2019, Home Depot's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 26.33%, reflecting a declining long-term trend in Scope 2 emissions over time.ae
Compared to the previous year (2023), Home Depot's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Home Depot's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Home Depot reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Home Depot reported 207,982,598 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 Home Depot includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Home Depot reported total Scope 3 emissions of 207,982,598 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 22.55% of these emissions originated from upstream activities such as purchased goods and capital goods, while 77.45% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Home Depot's Scope 3 emissions have increased by 7,704.23%, reflecting a rising long-term trend in Scope 3 emissions over time.af
Compared to the previous year (2023), Home Depot's Scope 3 emissions remained relatively stable, indicating that Home Depot's emissions have plateaued with no significant change in its value chain footprint.ab
In 2024, Home Depot reported emissions for 10 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 Home Depot's Scope 3 emissions were:a
In 2024, Home Depot reported Scope 1 greenhouse gas (GHG) emissions of 713,282.77 tCO₂e and total revenues of USD 159,514 millions. This translates into an emissions intensity of 4.47 tCO₂e per millions USD.a
In 2024, Home Depot reported a Scope 1 emissions intensity of 4.47 tCO₂e per millions USD. Compared to the peer group median of 5.13, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Home Depot ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Home Depot is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Home Depot reported a total carbon footprint of 209,722,811.96 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.77% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Home Depot's total carbon footprint was Scope 3 emissions, accounting for 99.17% of the company's total carbon footprint, followed by Scope 2 emissions at 0.49%.a