Innofactor Oyj

Common Name
Innofactor
Country
Finland
Sector
Technology
Industry
Software - Application
Employees
571
Ticker
IFA1V
Exchange
NASDAQ HELSINKI LTD
Description
Innofactor Oyj is a leading digital transformation company that focuses on providing software solutions and services, predominantly within the Nordic region. With its headquarters in Espoo, Finland, I...

Innofactor's GHG Emissions Data Preview

In 2023, Innofactor 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).

Innofactor has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Innofactor's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Innofactor amounted to 197.2 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Innofactor increased by 0.77%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Innofactor's Scope 1 Emissions Over Time

2021202220230481216tCO2e-12%-18%
  • Total Scope 1
  • Year-over-Year Change

What are Innofactor's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Innofactor were 9.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Innofactor reduced its Scope 1 emissions over time?

Since 2021, Innofactor's Scope 1 emissions have decreased by 27.69%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Innofactor's Scope 1 emissions decreased by 17.54%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Innofactor's Scope 2 emissions?

In 2023, Innofactor reported Scope 2 greenhouse gas (GHG) emissions of 187.8 tCOâ‚‚e without specifying the calculation method.

Has Innofactor reduced its Scope 2 emissions over time?

Since 2021, Innofactor's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Innofactor 's emissions have plateaued with no significant change in its energy consumption footprint.

Compared to the previous year (2022), Innofactor's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Innofactor 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Innofactor use for Scope 2 reporting?

In 2023, Innofactor reported its Scope 2 emissions using an unspecified methodology.

Innofactor's Scope 2 Emissions Over Time

202120222023050100150200tCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Innofactor's Value Chain Emissions

In 2023, Innofactor reported 190.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Innofactor includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Innofactor's Scope 3 Emissions Over Time

202120222023050100150200tCO2e+119%+1%
  • Total Scope 3
  • Year-over-Year Change

What are Innofactor's Scope 3 emissions?

In 2023, Innofactor reported total Scope 3 emissions of 190.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

Has Innofactor reduced its Scope 3 emissions over time?

Since 2021, Innofactor's Scope 3 emissions have increased by 122.46%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Innofactor's Scope 3 emissions remained relatively stable, indicating that Innofactor 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Innofactor disclose?

In 2023, Innofactor reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Innofactor's Scope 3 emissions?

In 2023, the largest contributors to Innofactor's Scope 3 emissions were:

  • Business Travel (Cat. 6): 166.3 tCOâ‚‚e (87.43%)
  • Purchased Goods and Services (Cat. 1): 23.9 tCOâ‚‚e (12.57%)

Innofactor's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(87.4%)Purchased Goods andServices (Cat. 1)(12.6%)

Insights into Innofactor's Total Carbon Footprint

In 2023, Innofactor reported a total carbon footprint of 387.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.07% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Innofactor's total carbon footprint was Scope 3 emissions, accounting for 49.1% of the company's total carbon footprint, followed by Scope 2 emissions at 48.48%.