In 2024, IPG Photonics 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, IPG Photonics 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 | 41,764a | 19,230a | 15,902a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 16,927a | 25,296a | 44,089a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 42.7413a | 14.9366a | 11.1238a |
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In 2024, the total operational greenhouse gas (GHG) emissions of IPG Photonics amounted to 58,691 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 IPG Photonics increased by 31.81%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of IPG Photonics were 41,764 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, IPG Photonics's Scope 1 emissions have increased by 168.03%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), IPG Photonics's Scope 1 emissions increased by 117.18%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, IPG Photonics reported Scope 2 greenhouse gas (GHG) emissions of 16,927 tCO₂e without specifying the calculation method.a
Since 2019, IPG Photonics's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 52.07%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), IPG Photonics's Scope 2 emissions (Unspecified Calculation Method) fell by 33.08% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, IPG Photonics reported its Scope 2 emissions using an unspecified methodology.a
In 2024, IPG Photonics reported Scope 1 greenhouse gas (GHG) emissions of 41,764 tCO₂e and total revenues of USD 977 millions. This translates into an emissions intensity of 42.74 tCO₂e per millions USD.a
In 2024, IPG Photonics reported a Scope 1 emissions intensity of 42.74 tCO₂e per millions USD. Compared to the peer group median of 0.23, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, IPG Photonics ranked 23 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places IPG Photonics among the least efficient performers, with one of the highest emissions intensities in its sector.a