In 2025, Next 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).
Next 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) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 43,332a | 44,718a | 43,404b | |
Total Scope 2 | ||||
Location-Based | 42,152a | 43,373a | 43,323b | |
Total Scope 3 | 2,428,999a | 2,030,910a | 2,119,736b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.5854a | 5.8831a | 6.2263b |
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In 2025, the total operational greenhouse gas (GHG) emissions of Next amounted to 85,484 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 2024, the total operational greenhouse gas (GHG) emissions of Next decreased by 2.96%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2025, the total Scope 1 emissions of Next were 43,332 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Next's Scope 1 emissions have increased by 1.68%, reflecting a rising long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2024), Next's Scope 1 emissions decreased by 3.1%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2025, Next reported Scope 2 greenhouse gas (GHG) emissions of 42,152 tCO₂e using the location-based method.a
Since 2022, Next's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 10.95%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2024), Next's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Next's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2025, Next reported its Scope 2 emissions using the location-based method.a
In 2025, Next reported 2,428,999 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 2025 disclosure of Next includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, Next reported total Scope 3 emissions of 2,428,999 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 77.29% of these emissions originated from upstream activities such as purchased goods and capital goods, while 22.71% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Next's Scope 3 emissions have increased by 15.52%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2024), Next's Scope 3 emissions increased by 19.6%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2025, Next 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.
In 2025, the largest contributors to Next's Scope 3 emissions were:a
In 2025, Next reported Scope 1 greenhouse gas (GHG) emissions of 43,332 tCO₂e and total revenues of USD 9,450 millions. This translates into an emissions intensity of 4.59 tCO₂e per millions USD.a
In 2025, Next reported a Scope 1 emissions intensity of 4.59 tCO₂e per millions USD. Compared to the peer group median of 1.41, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2025, Next ranked 24 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Next among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2025, Next reported a total carbon footprint of 2,514,483 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.66% increase compared to 2024, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Next's total carbon footprint was Scope 3 emissions, accounting for 96.6% of the company's total carbon footprint, followed by Scope 1 emissions at 1.72%.a