In 2023, Monster 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).
Monster Beverage 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) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 15,259a | 10,077a | N/A | |
Total Scope 2 | ||||
Location-Based | 10,134a | 8,300a | N/A | |
Total Scope 3 | 2,173,452a | 1,854,377a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.1371a | 1.5967a | N/A |
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In 2023, the total operational greenhouse gas (GHG) emissions of Monster Beverage amounted to 25,393 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 Monster Beverage increased by 38.18%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Monster Beverage were 15,259 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Monster Beverage's Scope 1 emissions have increased by 263%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2022), Monster Beverage's Scope 1 emissions increased by 51.42%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Monster Beverage reported Scope 2 greenhouse gas (GHG) emissions of 10,134 tCO₂e using the location-based method.a
Compared to the previous year (2022), Monster Beverage's Scope 2 emissions (Location-Based) rose by 22.1% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, Monster Beverage reported its Scope 2 emissions using the location-based method.a
In 2023, Monster Beverage reported 2,173,452 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 Monster Beverage includes a breakdown across 11 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, Monster Beverage reported total Scope 3 emissions of 2,173,452 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 85.96% of these emissions originated from upstream activities such as purchased goods and capital goods, while 14.04% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Monster Beverage's Scope 3 emissions increased by 17.21%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, Monster Beverage reported emissions for 11 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 2023, the largest contributors to Monster Beverage's Scope 3 emissions were:a
In 2023, Monster Beverage reported Scope 1 greenhouse gas (GHG) emissions of 15,259 tCO₂e and total revenues of USD 7,140 millions. This translates into an emissions intensity of 2.14 tCO₂e per millions USD.a
In 2023, Monster Beverage reported a Scope 1 emissions intensity of 2.14 tCO₂e per millions USD. Compared to the peer group median of 29.54, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Monster Beverage ranked 2 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Monster Beverage among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2023, Monster Beverage reported a total carbon footprint of 2,198,845 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.41% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Monster Beverage's total carbon footprint was Scope 3 emissions, accounting for 98.85% of the company's total carbon footprint, followed by Scope 1 emissions at 0.69%.a