In 2024, Millicom International Cellular 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).
Millicom International Cellular has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 32,078a | 30,524a | 31,942b | |
Total Scope 2 | ||||
Market-Based | 131,942a | 146,673a | 139,242b | |
Location-Based | 126,232a | 159,860.35b | N/A | |
Total Scope 3 | 1,246,658a | 1,386,091a | 1,582,304b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 5.5269a | 5.392a | 5.6796b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Millicom International Cellular amounted to 158,310 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 Millicom International Cellular decreased by 16.85%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Millicom International Cellular were 32,078 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Millicom International Cellular's Scope 1 emissions have decreased by 6.73%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Millicom International Cellular's Scope 1 emissions increased by 5.09%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Millicom International Cellular reported Scope 2 greenhouse gas (GHG) emissions of 131,942 tCO₂e using the market-based method and 126,232 tCO₂e using the location-based method.a
Since 2020, Millicom International Cellular's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 13.31%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Millicom International Cellular's Scope 2 emissions (Location-Based) fell by 21.04% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, Millicom International Cellular reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Millicom International Cellular reported 1,246,658 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 Millicom International Cellular includes a breakdown across 10 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, Millicom International Cellular reported total Scope 3 emissions of 1,246,658 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 74.36% of these emissions originated from upstream activities such as purchased goods and capital goods, while 25.64% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Millicom International Cellular's Scope 3 emissions have decreased by 21.28%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Millicom International Cellular's Scope 3 emissions decreased by 10.06%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Millicom International Cellular 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.
In 2024, the largest contributors to Millicom International Cellular's Scope 3 emissions were:a
In 2024, Millicom International Cellular reported Scope 1 greenhouse gas (GHG) emissions of 32,078 tCO₂e and total revenues of USD 5,804 millions. This translates into an emissions intensity of 5.53 tCO₂e per millions USD.a
In 2024, Millicom International Cellular reported a Scope 1 emissions intensity of 5.53 tCO₂e per millions USD. Compared to the peer group median of 2.68, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Millicom International Cellular ranked 18 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Millicom International Cellular is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Millicom International Cellular reported a total carbon footprint of 1,404,968 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.88% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Millicom International Cellular's total carbon footprint was Scope 3 emissions, accounting for 88.73% of the company's total carbon footprint, followed by Scope 2 emissions at 8.98%.a