Nextracker Inc
Nextracker's GHG Emissions Data Preview
In 2023, Nextracker 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).
Nextracker has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
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aVerified Sources Behind Nextracker’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 Nextracker’s data sources below and access millions more through our Disclosure Search.
Insights into Nextracker's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Nextracker amounted to 771 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 Nextracker increased by 53.28%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Nextracker's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Nextracker's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Nextracker were 224 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2022), Nextracker's Scope 1 emissions increased by 82.11%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Nextracker's Scope 2 emissions?
In 2023, Nextracker reported Scope 2 greenhouse gas (GHG) emissions of 438 tCO₂e using the market-based method and 547 tCO₂e using the location-based method. a
Has Nextracker reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Nextracker's Scope 2 emissions (Location-Based) rose by 43.95% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a
What methodology does Nextracker use for Scope 2 reporting?
In 2023, Nextracker reported its Scope 2 emissions using the market-based method and using the location-based method. a
Nextracker's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Nextracker's Value Chain Emissions
In 2023, Nextracker reported 1,867,884 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 Nextracker includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Nextracker's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Nextracker's Scope 3 emissions?
In 2023, Nextracker reported total Scope 3 emissions of 1,867,884 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 91.87% of these emissions originated from upstream activities such as purchased goods and capital goods, while 8.13% came from downstream activities like product use, distribution, and end-of-life treatment. a
What categories of Scope 3 emissions does Nextracker disclose?
In 2023, Nextracker reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Nextracker's Scope 3 emissions?
In 2023, the largest contributors to Nextracker's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 1,587,980 tCO₂e (85.01%)
- Upstream Transportation and Distribution (Cat. 4): 128,032 tCO₂e (6.85%)
- End-of-Life Treatment of Sold Products (Cat. 12): 85,771 tCO₂e (4.59%)
Nextracker's Scope 3 Emissions by Categories
Insights into Nextracker’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Nextracker reported Scope 1 greenhouse gas (GHG) emissions of 224 tCO₂e and total revenues of USD 1,902 millions. This translates into an emissions intensity of 0.12 tCO₂e per millions USD. a
Nextracker's Scope 1 Emissions Intensity Compared to Peers
How does Nextracker's GHG emissions intensity compare to its peers?
In 2023, Nextracker reported a Scope 1 emissions intensity of 0.12 tCO₂e per millions USD. Compared to the peer group median of 0.43 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Nextracker rank on GHG emissions intensity within its industry?
In 2023, Nextracker ranked 4 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Nextracker among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Nextracker's Total Carbon Footprint
In 2023, Nextracker reported a total carbon footprint of 1,868,655 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 371,401.99% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Nextracker's total carbon footprint was Scope 3 emissions, accounting for 99.96% of the company's total carbon footprint, followed by Scope 2 emissions at 0.03%. a