In 2024, Mears 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).
However, Mears Group 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 | 13,300a | 14,104a | N/A | |
Total Scope 2 | ||||
Market-Based | N/A | N/A | N/A | |
Location-Based | 945a | 753a | N/A | |
Total Scope 3 | 82,641a | 84,590a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 9.3583a | 10.1676a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Mears Group amounted to 14,245 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 Mears Group decreased by 4.12%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Mears Group were 13,300 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Mears Group's Scope 1 emissions have decreased by 14.51%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Mears Group's Scope 1 emissions decreased by 5.7%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Mears Group reported Scope 2 greenhouse gas (GHG) emissions of 945 tCO₂e using the location-based method.a
Since 2021, Mears Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 28.75%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Mears Group's Scope 2 emissions (Location-Based) rose by 25.5% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Mears Group reported its Scope 2 emissions using the location-based method.a
In 2024, Mears Group reported 82,641 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 2024 disclosure of Mears Group includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Mears Group reported total Scope 3 emissions of 82,641 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Mears Group's Scope 3 emissionshave remained relatively stable, indicating that Mears Group's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), Mears Group's Scope 3 emissions remained relatively stable, indicating that Mears Group's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Mears Group reported Scope 1 greenhouse gas (GHG) emissions of 13,300 tCO₂e and total revenues of USD 1,421 millions. This translates into an emissions intensity of 9.36 tCO₂e per millions USD.a
In 2024, Mears Group reported a Scope 1 emissions intensity of 9.36 tCO₂e per millions USD. Compared to the peer group median of 5.34, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Mears Group ranked 15 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Mears Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Mears Group reported a total carbon footprint of 96,886 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.58% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Mears Group's total carbon footprint was Scope 3 emissions, accounting for 85.3% of the company's total carbon footprint, followed by Scope 1 emissions at 13.73%.a