Molson Coors Beverage Co

Common Name
Molson Coors Beverage
Country
United States
Sector
Consumer Defensive
Industry
Beverages - Brewers
Employees
16,800
Ticker
TAP
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Molson Coors Beverage Company is a multinational brewing company known for producing a diverse range of beer products. It operates under various well-recognized brands such as Coors Light, Molson Cana...

Molson Coors Beverage's GHG Emissions Data Preview

In 2024, Molson Coors Beverage 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).

Molson Coors Beverage has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Molson Coors Beverage's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Molson Coors Beverage amounted to 736,120 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).

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Molson Coors Beverage decreased by 15.3%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Molson Coors Beverage's Scope 1 Emissions Over Time

20182019202020212022202320240200 k400 k600 k800 ktCO2e-7%-2%+52%0%0%-12%
  • Total Scope 1
  • Year-over-Year Change

What are Molson Coors Beverage's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Molson Coors Beverage were 525,506 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Molson Coors Beverage reduced its Scope 1 emissions over time?

Since 2018, Molson Coors Beverage's Scope 1 emissions have increased by 20.4%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2023), Molson Coors Beverage's Scope 1 emissions decreased by 12.5%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Molson Coors Beverage's Scope 2 emissions?

In 2024, Molson Coors Beverage reported Scope 2 greenhouse gas (GHG) emissions of 210,614 tCOâ‚‚e using the market-based method.

Has Molson Coors Beverage reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Molson Coors Beverage's Scope 2 emissions (Market-Based) fell by 21.58% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Molson Coors Beverage use for Scope 2 reporting?

In 2024, Molson Coors Beverage reported its Scope 2 emissions using the market-based method.

Molson Coors Beverage's Scope 2 Emissions Over Time

20182019202020212022202320240200 k400 k600 k800 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Molson Coors Beverage's Value Chain Emissions

In 2024, Molson Coors Beverage reported 3,742,594 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2024 disclosure of Molson Coors Beverage includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Molson Coors Beverage's Scope 3 Emissions Over Time

201820192020202120222023202401.5 M3 M4.5 M6 MtCO2e-7%+6%-18%-6%+4%-4%
  • Total Scope 3
  • Year-over-Year Change

What are Molson Coors Beverage's Scope 3 emissions?

In 2024, Molson Coors Beverage reported total Scope 3 emissions of 3,742,594 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 97.87% of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.13% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Molson Coors Beverage reduced its Scope 3 emissions over time?

Since 2018, Molson Coors Beverage's Scope 3 emissions have decreased by 24.18%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2023), Molson Coors Beverage's Scope 3 emissions remained relatively stable, indicating that Molson Coors Beverage 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Molson Coors Beverage disclose?

In 2024, Molson Coors Beverage reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Molson Coors Beverage's Scope 3 emissions?

In 2024, the largest contributors to Molson Coors Beverage's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 2,492,214 tCOâ‚‚e (66.59%)
  • Upstream Transportation and Distribution (Cat. 4): 556,021 tCOâ‚‚e (14.86%)
  • Downstream Transportation and Distribution (Cat. 9): 441,716 tCOâ‚‚e (11.8%)

Molson Coors Beverage's Scope 3 Emissions by Categories

DownstreamTransportation andDistribution(Cat. 9)(11.8%)Purchased Goods andServices (Cat. 1)(66.6%)UpstreamTransportation andDistribution(Cat. 4)(14.9%)

Insights into Molson Coors Beverage's Total Carbon Footprint

In 2024, Molson Coors Beverage reported a total carbon footprint of 4,478,714 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.89% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Molson Coors Beverage's total carbon footprint was Scope 3 emissions, accounting for 83.56% of the company's total carbon footprint, followed by Scope 1 emissions at 11.73%.

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