In 2024, Nexity 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).
Nexity has also provided a category-level breakdown for 15 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 | 6,736a | 7,494a | N/A | |
Total Scope 2 | ||||
Market-Based | 455a | N/A | N/A | |
Location-Based | 730a | 558a | N/A | |
Total Scope 3 | 1,288,655a | 1,271,809a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.9422a | 1.7079a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Nexity amounted to 7,466 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 Nexity decreased by 7.28%, 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 Nexity were 6,736 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Nexity's Scope 1 emissions have increased by 32.83%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Nexity's Scope 1 emissions decreased by 10.11%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Nexity reported Scope 2 greenhouse gas (GHG) emissions of 455 tCO₂e using the market-based method and 730 tCO₂e using the location-based method.a
Since 2019, Nexity's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 20.66%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Nexity's Scope 2 emissions (Location-Based) rose by 30.82% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Nexity reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Nexity reported 1,288,655 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 Nexity includes a breakdown across 15 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, Nexity reported total Scope 3 emissions of 1,288,655 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 49.85% of these emissions originated from upstream activities such as purchased goods and capital goods, while 50.15% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Nexity's Scope 3 emissions have decreased by 29.55%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Nexity's Scope 3 emissions remained relatively stable, indicating that Nexity's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Nexity reported emissions for 15 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 2024, the largest contributors to Nexity's Scope 3 emissions were:a
In 2024, Nexity reported Scope 1 greenhouse gas (GHG) emissions of 6,736 tCO₂e and total revenues of USD 3,468 millions. This translates into an emissions intensity of 1.94 tCO₂e per millions USD.a
In 2024, Nexity reported a Scope 1 emissions intensity of 1.94 tCO₂e per millions USD. Compared to the peer group median of 4.46, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Nexity ranked 7 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Nexity is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Nexity reported a total carbon footprint of 1,296,121 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.27% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Nexity's total carbon footprint was Scope 3 emissions, accounting for 99.42% of the company's total carbon footprint, followed by Scope 1 emissions at 0.52%.a