Iren SpA
Iren's GHG Emissions Data Preview
In 2023, Iren 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).
Iren has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 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.  a | 0000000 |
Total Scope 2 | ||||
Market-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.  a | 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.  a | 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.  a | 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.  a | 0000000 |
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aVerified Sources Behind Iren’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Iren’s data sources below and access millions more through our Disclosure Search.
Insights into Iren's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Iren amounted to 3,748,054 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 2022, the total operational greenhouse gas (GHG) emissions of Iren increased by 5.01%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Iren's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Iren's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Iren were 3,629,470 metric tons of CO₂ equivalent (tCO₂e). a
Has Iren reduced its Scope 1 emissions over time?
Since 2020, Iren's Scope 1 emissions have decreased by 10.8%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Iren's Scope 1 emissions increased by 4.92%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Iren's Scope 2 emissions?
In 2023, Iren reported Scope 2 greenhouse gas (GHG) emissions of 200,969 tCO₂e using the market-based method and 118,584 tCO₂e using the location-based method. a
Has Iren reduced its Scope 2 emissions over time?
Since 2020, Iren's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 18.92%, reflecting a rising long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), Iren's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Iren 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Iren use for Scope 2 reporting?
In 2023, Iren reported its Scope 2 emissions using the market-based method and using the location-based method. a
Iren's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Iren's Value Chain Emissions
In 2023, Iren reported 3,720,279 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 2023 disclosure of Iren includes a breakdown across 10 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. a
Iren's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Iren's Scope 3 emissions?
In 2023, Iren reported total Scope 3 emissions of 3,720,279 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 39.9% of these emissions originated from upstream activities such as purchased goods and capital goods, while 60.1% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Iren reduced its Scope 3 emissions over time?
Since 2020, Iren's Scope 3 emissions have remained relatively stable, indicating that Iren 's emissions have plateaued with no significant change in its value chain footprint. a
Compared to the previous year (2022), Iren's Scope 3 emissions remained relatively stable, indicating that Iren 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Iren disclose?
In 2023, Iren reported emissions for 10 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.
What are the main sources of Iren's Scope 3 emissions?
In 2023, the largest contributors to Iren's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 2,066,851 tCO₂e (55.56%)
- Purchased Goods and Services (Cat. 1): 772,936 tCO₂e (20.78%)
- Fuel- and Energy-Related Services (Cat. 3): 425,322 tCO₂e (11.43%)
Iren's Scope 3 Emissions by Categories
Insights into Iren’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Iren reported Scope 1 greenhouse gas (GHG) emissions of 3,629,470 tCO₂e and total revenues of USD 7,032 millions. This translates into an emissions intensity of 516.13 tCO₂e per millions USD. a
Iren's Scope 1 Emissions Intensity Compared to Peers
How does Iren's GHG emissions intensity compare to its peers?
In 2023, Iren reported a Scope 1 emissions intensity of 516.13 tCO₂e per millions USD. Compared to the peer group median of 379.96 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Iren rank on GHG emissions intensity within its industry?
In 2023, Iren ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Iren is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Iren's Total Carbon Footprint
In 2023, Iren reported a total carbon footprint of 7,468,333 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.86% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Iren's total carbon footprint was Scope 3 emissions, accounting for 49.81% of the company's total carbon footprint, followed by Scope 1 emissions at 48.6%. a