In 2024, Meritz Financial 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).
Meritz Financial Group has also provided a category-level breakdown for 3 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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of Meritz Financial Group amounted to 21,640.439 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 Meritz Financial Group increased by 127.65%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
In 2024, the total Scope 1 emissions of Meritz Financial Group were 5,468.419 metric tons of CO₂ equivalent (tCO₂e). a
Since 2021, Meritz Financial Group's Scope 1 emissions have increased by 163.67%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Meritz Financial Group's Scope 1 emissions increased by 111.22%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
In 2024, Meritz Financial Group reported Scope 2 greenhouse gas (GHG) emissions of 16,172.02 tCO₂e without specifying the calculation method. a
Since 2021, Meritz Financial Group's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 138.88%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), Meritz Financial Group's Scope 2 emissions (Unspecified Calculation Method) rose by 133.8% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
In 2024, Meritz Financial Group reported its Scope 2 emissions using an unspecified methodology. a
In 2024, Meritz Financial Group reported 1,147 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 Meritz Financial Group includes a breakdown across 2 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, Meritz Financial Group reported total Scope 3 emissions of 1,147 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 27.2% of these emissions originated from upstream activities such as purchased goods and capital goods, while 72.8% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2021, Meritz Financial Group's Scope 3 emissions have decreased by 82.88%, reflecting a declining long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), Meritz Financial Group's Scope 3 emissions increased by 22.81%, suggesting that the company faced challenges in reducing emissions across its value chain. a
In 2024, Meritz Financial Group reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Meritz Financial Group's Scope 3 emissions were: a
In 2024, Meritz Financial Group reported Scope 1 greenhouse gas (GHG) emissions of 5,468.419 tCO₂e and total revenues of USD 2,886 millions. This translates into an emissions intensity of 1.89 tCO₂e per millions USD. a
In 2024, Meritz Financial Group reported a Scope 1 emissions intensity of 1.89 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, Meritz Financial Group ranked 24 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Meritz Financial Group among the least efficient performers, with one of the highest emissions intensities in its sector. a
In 2024, Meritz Financial Group reported a total carbon footprint of 22,787.439 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 118.27% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Meritz Financial Group's total carbon footprint was Scope 2 emissions, accounting for 70.97% of the company's total carbon footprint, followed by Scope 1 emissions at 24%. a