In 2024, IAG 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).
IAG has also provided a category-level breakdown for 13 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 | 27,200,000a | 25,900,000a | 21,130,000b | |
Total Scope 2 | ||||
Market-Based | 12,700a | 12,300a | 11,700b | |
Location-Based | 53,400a | 54,700a | N/A | |
Total Scope 3 | 11,923,527a | 11,200,000a | 5,495,408b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 814.28a | 794.4988a | 859.2894b |
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In 2024, the total operational greenhouse gas (GHG) emissions of IAG amounted to 27,253,400 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 IAG increased by 5%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of IAG were 27,200,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, IAG's Scope 1 emissions have decreased by 10.82%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), IAG's Scope 1 emissions increased by 5.02%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, IAG reported Scope 2 greenhouse gas (GHG) emissions of 12,700 tCO₂e using the market-based method and 53,400 tCO₂e using the location-based method.a
Since 2019, IAG's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 28.32%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), IAG's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that IAG's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, IAG reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, IAG reported 11,923,527 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 IAG includes a breakdown across 13 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, IAG reported total Scope 3 emissions of 11,923,527 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 79.79% of these emissions originated from upstream activities such as purchased goods and capital goods, while 20.21% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, IAG's Scope 3 emissionshave remained relatively stable, indicating that IAG's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), IAG's Scope 3 emissions remained relatively stable, indicating that IAG's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, IAG reported emissions for 13 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 IAG's Scope 3 emissions were:a
In 2024, IAG reported Scope 1 greenhouse gas (GHG) emissions of 27,200,000 tCO₂e and total revenues of USD 33,404 millions. This translates into an emissions intensity of 814.28 tCO₂e per millions USD.a
In 2024, IAG reported a Scope 1 emissions intensity of 814.28 tCO₂e per millions USD. Compared to the peer group median of 896.53, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, IAG ranked 11 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
IAG is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, IAG reported a total carbon footprint of 39,176,927 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.44% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to IAG's total carbon footprint was Scope 1 emissions, accounting for 69.43% of the company's total carbon footprint, followed by Scope 3 emissions at 30.44%.a