In 2024, MMG 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).
MMG 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 648,866.4a | 621,814.19a | 501,956b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 315,043.8a | 366,254.48a | 330,403b | |
Total Scope 3 | 2,914,385.18a | 2,335,878.89a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 144.8621a | 143.0609a | 19.8225b |
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In 2024, the total operational greenhouse gas (GHG) emissions of MMG amounted to 963,910.2 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 MMG decreased by 2.45%, 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 MMG were 648,866.4 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, MMG's Scope 1 emissions have increased by 24.98%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), MMG's Scope 1 emissions increased by 4.35%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, MMG reported Scope 2 greenhouse gas (GHG) emissions of 315,043.8 tCO₂e without specifying the calculation method.a
Since 2021, MMG's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have remained relatively stable, indicating that MMG's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), MMG's Scope 2 emissions (Unspecified Calculation Method) fell by 13.98% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, MMG reported its Scope 2 emissions using an unspecified methodology.a
In 2024, MMG reported 2,914,385.18 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 2024 disclosure of MMG includes a breakdown across 6 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, MMG reported total Scope 3 emissions of 2,914,385.18 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 30.29% of these emissions originated from upstream activities such as purchased goods and capital goods, while 69.71% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), MMG's Scope 3 emissions increased by 24.77%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, MMG 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 2024, the largest contributors to MMG's Scope 3 emissions were:a
In 2024, MMG reported Scope 1 greenhouse gas (GHG) emissions of 648,866.4 tCO₂e and total revenues of USD 4,479 millions. This translates into an emissions intensity of 144.86 tCO₂e per millions USD.a
In 2024, MMG reported a Scope 1 emissions intensity of 144.86 tCO₂e per millions USD. Compared to the peer group median of 77.67, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, MMG ranked 14 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
MMG is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, MMG reported a total carbon footprint of 3,878,295.38 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 16.68% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to MMG's total carbon footprint was Scope 3 emissions, accounting for 75.15% of the company's total carbon footprint, followed by Scope 1 emissions at 16.73%.a