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Iren SpA
Iren's GHG Emissions Data Preview
In 2024, 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 15 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.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 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.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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bVerified 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 2024, the total operational greenhouse gas (GHG) emissions ofIren amounted to3,530,092metric 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 Irendecreased by 5.82%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
Iren's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Iren's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Iren were 3,415,895 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Iren reduced its Scope 1 emissions over time?
Since 2020, Iren's Scope 1 emissions have decreased by 16.05%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Iren's Scope 1 emissions decreased by 5.88%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are Iren's Scope 2 emissions?
In 2024, Iren reported Scope 2 greenhouse gas (GHG) emissions of 184,521 tCOâ‚‚e using the market-based method and 114,197 tCOâ‚‚e 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 14.52%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), 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.ab
What methodology does Iren use for Scope 2 reporting?
In 2024, 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 2024, Iren reported 3,557,464 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 Iren includes a breakdown across 15of the 15 Scope 3 categories defined by the GHG Protocol,up from 10 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Iren's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Iren's Scope 3 emissions?
In 2024, Iren reported total Scope 3 emissions of 3,557,464 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 35.72%of these emissions originated from upstream activities such as purchased goods and capital goods, while 64.28%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 emissionshave decreased by 12.98%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Iren's Scope 3 emissions remained relatively stable, indicating that Iren's emissions have plateaued with no significant change in its value chain footprint.ab
What categories of Scope 3 emissions does Iren disclose?
In 2024, Iren reported emissions for 15 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 2024, the largest contributors to Iren's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 2,218,966 tCOâ‚‚e(62.37%)
- Purchased Goods and Services (Cat. 1): 670,779 tCOâ‚‚e(18.86%)
- Fuel- and Energy-Related Services (Cat. 3): 422,044 tCOâ‚‚e(11.86%)
Iren's Scope 3 Emissions by Categories
Insights into Iren’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Iren reported Scope 1 greenhouse gas (GHG) emissions of 3,415,895 tCOâ‚‚e and total revenues of USD 6,191 millions. This translates into an emissions intensity of 551.76 tCOâ‚‚e 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 2024, Iren reported a Scope 1 emissions intensity of 551.76 tCOâ‚‚e per millions USD. Compared to the peer group median of 430.69, 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 2024, Iren ranked 14 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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 2024, Iren reported a total carbon footprint of 7,087,556 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.1% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Iren's total carbon footprint was Scope 3 emissions, accounting for 50.19% of the company's total carbon footprint, followed by Scope 1 emissions at 48.2%.a