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In 2024, Modern Times Group MTG 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).
Modern Times Group MTG has also provided a category-level breakdown for 7 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 | ||||
Market-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 |
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 2024, the total operational greenhouse gas (GHG) emissions ofModern Times Group MTG amounted to454.9metric 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 Modern Times Group MTGincreased by 32.43%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Modern Times Group MTG were 33.6 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
In 2024, Modern Times Group MTG reported Scope 2 greenhouse gas (GHG) emissions of 308.4 tCOâ‚‚e using the market-based method and 421.3 tCOâ‚‚e using the location-based method.a
Compared to the previous year(2023), Modern Times Group MTG's Scope 2 emissions(Location-Based) rose by 22.65% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Modern Times Group MTG reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Modern Times Group MTG reported 4,250.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Modern Times Group MTG includes a breakdown across 7of 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, Modern Times Group MTG reported total Scope 3 emissions of 4,250.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 33.69%of these emissions originated from upstream activities such as purchased goods and capital goods, while 66.31%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Modern Times Group MTG's Scope 3 emissions increased by 116.19%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Modern Times Group MTG reported emissions for 7 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 Modern Times Group MTG's Scope 3 emissions were:a
In 2024, Modern Times Group MTG reported Scope 1 greenhouse gas (GHG) emissions of 33.6 tCOâ‚‚e and total revenues of USD 545 millions. This translates into an emissions intensity of 0.06 tCOâ‚‚e per millions USD.a
In 2024, Modern Times Group MTG reported a Scope 1 emissions intensity of 0.06 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Modern Times Group MTG ranked 3 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
This places Modern Times Group MTG among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Modern Times Group MTG reported a total carbon footprint of 4,705.2 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 103.73% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Modern Times Group MTG's total carbon footprint was Scope 3 emissions, accounting for 90.33% of the company's total carbon footprint, followed by Scope 2 emissions at 8.95%.a