In 2023, MI Technovation 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).
MI Technovation has also provided a category-level breakdown for 6 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. | 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 2023, the total operational greenhouse gas (GHG) emissions of MI Technovation amounted to 3,683.596 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 MI Technovation decreased by 6.9%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
In 2023, the total Scope 1 emissions of MI Technovation were 67.786 metric tons of CO₂ equivalent (tCO₂e). a
Since 2021, MI Technovation's Scope 1 emissions have increased by 14.07%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), MI Technovation's Scope 1 emissions decreased by 12.96%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
In 2023, MI Technovation reported Scope 2 greenhouse gas (GHG) emissions of 3,615.809 tCO₂e without specifying the calculation method. a
Since 2021, MI Technovation's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 18.62%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2022), MI Technovation's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that MI Technovation 's emissions have plateaued with no significant change in its energy consumption footprint. a
In 2023, MI Technovation reported its Scope 2 emissions using an unspecified methodology. a
In 2023, MI Technovation reported 4,659.049 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 MI Technovation includes a breakdown across 6 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
In 2023, MI Technovation reported total Scope 3 emissions of 4,659.049 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2021, MI Technovation's Scope 3 emissions have decreased by 16.69%, reflecting a declining long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), MI Technovation's Scope 3 emissions decreased by 27.92%, highlighting the company's efforts to lower indirect emissions from its value chain. a
In 2023, MI Technovation reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2023, the largest contributors to MI Technovation's Scope 3 emissions were: a
In 2023, MI Technovation reported Scope 1 greenhouse gas (GHG) emissions of 67.786 tCO₂e and total revenues of USD 77 millions. This translates into an emissions intensity of 0.88 tCO₂e per millions USD. a
In 2023, MI Technovation reported a Scope 1 emissions intensity of 0.88 tCO₂e per millions USD. Compared to the peer group median of 1.74 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
In 2023, MI Technovation ranked 8 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
MI Technovation is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
In 2023, MI Technovation reported a total carbon footprint of 8,342.645 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 19.94% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to MI Technovation's total carbon footprint was Scope 3 emissions, accounting for 55.85% of the company's total carbon footprint, followed by Scope 2 emissions at 43.34%. a