In 2023, Minerva 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).
Minerva has also provided a category-level breakdown for 9 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 | ||||
Location-Based | 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 Minerva amounted to 394,468.45 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 Minerva increased by 3.79%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
In 2023, the total Scope 1 emissions of Minerva were 337,934.63 metric tons of CO₂ equivalent (tCO₂e). a
Since 2021, Minerva's Scope 1 emissions have increased by 19.35%, reflecting a rising long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2022), Minerva's Scope 1 emissions remained relatively stable, indicating that Minerva's emissions have plateaued with no significant change in its operational footprint. a
In 2023, Minerva reported Scope 2 greenhouse gas (GHG) emissions of 56,533.82 tCO₂e using the location-based method. a
Since 2021, Minerva's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have remained relatively stable, indicating that Minerva 's emissions have plateaued with no significant change in its energy consumption footprint. a
Compared to the previous year (2022), Minerva's Scope 2 emissions (Location-Based) rose by 38.02% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
In 2023, Minerva reported its Scope 2 emissions using the location-based method. a
In 2023, Minerva reported 21,461,246.18 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 Minerva includes a breakdown across 9 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, Minerva reported total Scope 3 emissions of 21,461,246.18 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 99.36% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.64% came from downstream activities like product use, distribution, and end-of-life treatment. a
Since 2021, Minerva's Scope 3 emissions have increased by 28.03%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2022), Minerva's Scope 3 emissions increased by 21.7%, suggesting that the company faced challenges in reducing emissions across its value chain. a
In 2023, Minerva reported emissions for 9 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 Minerva's Scope 3 emissions were: a
In 2023, Minerva reported Scope 1 greenhouse gas (GHG) emissions of 337,934.63 tCO₂e and total revenues of USD 5,544 millions. This translates into an emissions intensity of 60.95 tCO₂e per millions USD. a
In 2023, Minerva reported a Scope 1 emissions intensity of 60.95 tCO₂e per millions USD. Compared to the peer group median of 114.44 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
In 2023, Minerva ranked 10 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Minerva is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
In 2023, Minerva reported a total carbon footprint of 21,855,714.63 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 21.32% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Minerva's total carbon footprint was Scope 3 emissions, accounting for 98.2% of the company's total carbon footprint, followed by Scope 1 emissions at 1.55%. a