In 2024, Hubbell 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) and Scope 2 (indirect emissions from purchased energy).
However, Hubbell 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 | 50,870a | 52,716a | 50,740a | |
Total Scope 2 | ||||
Location-Based | 93,141a | 94,287a | 95,931a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 9.0379a | 9.8115a | 10.2549a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hubbell amounted to 144,011 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 Hubbell decreased by 2.04%, 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 Hubbell were 50,870 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Hubbell's Scope 1 emissions have increased by 16.63%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Hubbell's Scope 1 emissions decreased by 3.5%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Hubbell reported Scope 2 greenhouse gas (GHG) emissions of 93,141 tCO₂e using the location-based method.a
Since 2019, Hubbell's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Hubbell's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Hubbell's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Hubbell's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Hubbell reported its Scope 2 emissions using the location-based method.a
In 2024, Hubbell reported Scope 1 greenhouse gas (GHG) emissions of 50,870 tCO₂e and total revenues of USD 5,629 millions. This translates into an emissions intensity of 9.04 tCO₂e per millions USD.a
In 2024, Hubbell reported a Scope 1 emissions intensity of 9.04 tCO₂e per millions USD. Compared to the peer group median of 6.72, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Hubbell ranked 16 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hubbell is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a