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Montrose Environmental Group Inc

Common Name
Montrose Environmental Group
Country
United States
Sector
Industrials
Industry
Waste Management
Employees
3,410
Ticker
MEG
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Montrose Environmental Group Inc. is a dynamic company operating in the environmental services sector, providing comprehensive environmental solutions to a wide array of industries. The firm's primary...

Montrose Environmental Group's GHG Emissions Data Preview

In 2024, Montrose Environmental Group 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).

Montrose Environmental Group has also provided a category-level breakdown for 10 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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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Unspecified Calculation Method
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0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
0000000
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Verified Sources Behind Montrose Environmental Group’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Montrose Environmental Group’s data sources below and access millions more through our Disclosure Search.

a. Montrose Environmental Group's Sustainability Report 2024
a. Montrose Environmental Group's Sustainability Report 2024
b. Montrose Environmental Group's Sustainability Report 2023
b. Montrose Environmental Group's Sustainability Report 2023

Insights into Montrose Environmental Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofMontrose Environmental Group amounted to17,964metric 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 Montrose Environmental Groupincreased by 5.35%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Montrose Environmental Group's Scope 1 Emissions Over Time

2020202120222023202403.5 k7 k10.5 k14 ktCO2e-2%+95%-2%+12%
  • Total Scope 1
  • Year-over-Year Change

What are Montrose Environmental Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Montrose Environmental Group were 13,213 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Montrose Environmental Group reduced its Scope 1 emissions over time?

Since 2020, Montrose Environmental Group's Scope 1 emissions have increased by 109.7%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Montrose Environmental Group's Scope 1 emissions increased by 12.06%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Montrose Environmental Group's Scope 2 emissions?

In 2024, Montrose Environmental Group reported Scope 2 greenhouse gas (GHG) emissions of 5,427 tCOâ‚‚e using the market-based method and 4,751 tCOâ‚‚e using the location-based method.a

Has Montrose Environmental Group reduced its Scope 2 emissions over time?

Compared to the previous year(2023), Montrose Environmental Group's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Montrose Environmental Group's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Montrose Environmental Group use for Scope 2 reporting?

In 2024, Montrose Environmental Group reported its Scope 2 emissions using the market-based method and using the location-based method.a

Montrose Environmental Group's Scope 2 Emissions Over Time

2020202120222023202402 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Montrose Environmental Group's Value Chain Emissions

In 2024, Montrose Environmental Group reported 70,867 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 Montrose Environmental Group includes a breakdown across 10of 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

Montrose Environmental Group's Scope 3 Emissions Over Time

202220232024070 k140 k210 k280 ktCO2e+140%-74%
  • Total Scope 3
  • Year-over-Year Change

What are Montrose Environmental Group's Scope 3 emissions?

In 2024, Montrose Environmental Group reported total Scope 3 emissions of 70,867 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 72.63%of these emissions originated from upstream activities such as purchased goods and capital goods, while 27.37%came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), Montrose Environmental Group's Scope 3 emissions decreased by 74.23%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does Montrose Environmental Group disclose?

In 2024, Montrose Environmental Group reported emissions for 10 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.

What are the main sources of Montrose Environmental Group's Scope 3 emissions?

In 2024, the largest contributors to Montrose Environmental Group's Scope 3 emissions were:a

  • Use of Sold Products (Cat. 11): 19,125 tCOâ‚‚e(26.99%)
  • Purchased Goods and Services (Cat. 1): 15,631 tCOâ‚‚e(22.06%)
  • Capital Goods (Cat. 2): 11,948 tCOâ‚‚e(16.86%)

Montrose Environmental Group's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(16.9%)Use of Sold Products(Cat. 11)(27.0%)Purchased Goods andServices (Cat. 1)(22.1%)

Insights into Montrose Environmental Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Montrose Environmental Group reported Scope 1 greenhouse gas (GHG) emissions of 13,213 tCOâ‚‚e and total revenues of USD 696 millions. This translates into an emissions intensity of 18.97 tCOâ‚‚e per millions USD.a

Montrose Environmental Group's Scope 1 Emissions Intensity Compared to Peers

1002,000100,0002,000,00050,000,000Scope 1 Emissions (tCO2e)2001,0002,00010,00050,000Revenues (Millions of USD)AEnviriYear: 2024Scope 1: 103,668 tCO2eRevenue: $M 2,343Scope 1 Intensity: 44.25 tCO2e/$MICF InternationalYear: 2024Scope 1: 705 tCO2eRevenue: $M 2,020Scope 1 Intensity: 0.35 tCO2e/$MWaste Management IncYear: 2024Scope 1: 13,525,800 tCO2eRevenue: $M 22,063Scope 1 Intensity: 613.05 tCO2e/$MWorthington EnterprisesYear: 2024Scope 1: 47,864 tCO2eRevenue: $M 1,246Scope 1 Intensity: 38.42 tCO2e/$MPitney BowesYear: 2024Scope 1: 28,307 tCO2eRevenue: $M 2,027Scope 1 Intensity: 13.97 tCO2e/$MMcGrath RentCorpYear: 2022Scope 1: 8,103 tCO2eRevenue: $M 636Scope 1 Intensity: 12.75 tCO2e/$MBloom EnergyYear: 2024Scope 1: 2,678,927 tCO2eRevenue: $M 1,474Scope 1 Intensity: 1,817.63 tCO2e/$MUniFirstYear: 2023Scope 1: 250,106 tCO2eRevenue: $M 2,233Scope 1 Intensity: 112.00 tCO2e/$MClean HarborsYear: 2024Scope 1: 1,630,826 tCO2eRevenue: $M 5,890Scope 1 Intensity: 276.88 tCO2e/$MTrinity IndustriesYear: 2024Scope 1: 53,054 tCO2eRevenue: $M 3,079Scope 1 Intensity: 17.23 tCO2e/$MKimball ElectronicsYear: 2024Scope 1: 2,110 tCO2eRevenue: $M 1,714Scope 1 Intensity: 1.23 tCO2e/$MAAAZZYear: 2024Scope 1: 230,805 tCO2eRevenue: $M 1,538Scope 1 Intensity: 150.11 tCO2e/$MFirst AdvantageYear: 2024Scope 1: 294 tCO2eRevenue: $M 860Scope 1 Intensity: 0.34 tCO2e/$MRepublic ServicesYear: 2022Scope 1: 13,688,116 tCO2eRevenue: $M 13,511Scope 1 Intensity: 1,013.09 tCO2e/$MGibraltar IndustriesYear: 2022Scope 1: 10,160 tCO2eRevenue: $M 1,390Scope 1 Intensity: 7.31 tCO2e/$MKennametalYear: 2024Scope 1: 31,000 tCO2eRevenue: $M 2,047Scope 1 Intensity: 15.14 tCO2e/$MWaste ConnectionsYear: 2024Scope 1: 7,707,691 tCO2eRevenue: $M 12,299Scope 1 Intensity: 626.67 tCO2e/$MCasella Waste SystemsYear: 2024Scope 1: 762,217 tCO2eRevenue: $M 1,557Scope 1 Intensity: 489.45 tCO2e/$MAlamo GroupYear: 2024Scope 1: 22,924 tCO2eRevenue: $M 1,629Scope 1 Intensity: 14.08 tCO2e/$MMontrose Environmental GroupYear: 2024Scope 1: 13,213 tCO2eRevenue: $M 696Scope 1 Intensity: 18.97 tCO2e/$M

How does Montrose Environmental Group's GHG emissions intensity compare to its peers?

In 2024, Montrose Environmental Group reported a Scope 1 emissions intensity of 18.97 tCOâ‚‚e per millions USD. Compared to the peer group median of 38.42, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Montrose Environmental Group rank on GHG emissions intensity within its industry?

In 2024, Montrose Environmental Group ranked 10 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Montrose Environmental Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Montrose Environmental Group's Total Carbon Footprint

In 2024, Montrose Environmental Group reported a total carbon footprint of 88,831 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 69.58% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Montrose Environmental Group's total carbon footprint was Scope 3 emissions, accounting for 79.78% of the company's total carbon footprint, followed by Scope 1 emissions at 14.87%.a

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