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Icelandair Group's GHG Emissions Data Preview
In 2024, Icelandair Group 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).
Icelandair Group 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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Verified Sources Behind Icelandair Group’s Greenhouse Gas (GHG) Emissions Data
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Insights into Icelandair Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofIcelandair Group amounted to1,167,828metric 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 Icelandair Groupincreased by 4.78%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
Icelandair Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Icelandair Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Icelandair Group were 1,167,660 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Compared to the previous year(2023), Icelandair Group's Scope 1 emissions increased by 4.79%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
What are Icelandair Group's Scope 2 emissions?
In 2024, Icelandair Group reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method and 168 tCOâ‚‚e using the location-based method.a
Has Icelandair Group reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Icelandair Group's Scope 2 emissions(Location-Based) fell by 30.86% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does Icelandair Group use for Scope 2 reporting?
In 2024, Icelandair Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
Icelandair Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Icelandair Group's Value Chain Emissions
In 2024, Icelandair Group reported 89 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Icelandair Group includes a breakdown across 1of 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
Icelandair Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Icelandair Group's Scope 3 emissions?
In 2024, Icelandair Group reported total Scope 3 emissions of 89 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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
Compared to the previous year (2023), Icelandair Group's Scope 3 emissions decreased by 21.93%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Icelandair Group disclose?
In 2024, Icelandair Group 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.
What are the main sources of Icelandair Group's Scope 3 emissions?
In 2024, the largest contributors to Icelandair Group's Scope 3 emissions were:a
- Waste Generated in Operations (Cat. 5): 89 tCOâ‚‚e(100%)
Icelandair Group's Scope 3 Emissions by Categories
Insights into Icelandair Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Icelandair Group reported Scope 1 greenhouse gas (GHG) emissions of 1,167,660 tCOâ‚‚e and total revenues of USD 1,571 millions. This translates into an emissions intensity of 743.45 tCOâ‚‚e per millions USD.a
Icelandair Group's Scope 1 Emissions Intensity Compared to Peers
How does Icelandair Group's GHG emissions intensity compare to its peers?
In 2024, Icelandair Group reported a Scope 1 emissions intensity of 743.45 tCOâ‚‚e per millions USD. Compared to the peer group median of 1,072.16, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Icelandair Group rank on GHG emissions intensity within its industry?
In 2024, Icelandair Group ranked 5 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Icelandair Group among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Icelandair Group's Total Carbon Footprint
In 2024, Icelandair Group reported a total carbon footprint of 1,167,917 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.78% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Icelandair Group's total carbon footprint was Scope 1 emissions, accounting for 99.98% of the company's total carbon footprint, followed by Scope 2 emissions at 0.01%.a