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Nichols PLC
Nichols's GHG Emissions Data Preview
In 2024, Nichols 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).
Nichols has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 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.  a | 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.  a | 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.  a | 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.  a | 0000000 |
Verified Sources Behind Nichols’s Greenhouse Gas (GHG) Emissions Data
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Insights into Nichols's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofNichols amounted to942metric 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 Nicholsdecreased by 23.48%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Nichols's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Nichols's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Nichols were 767 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Nichols reduced its Scope 1 emissions over time?
Since 2019, Nichols's Scope 1 emissions have decreased by 41.32%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Nichols's Scope 1 emissions decreased by 26.88%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Nichols's Scope 2 emissions?
In 2024, Nichols reported Scope 2 greenhouse gas (GHG) emissions of 0 tCOâ‚‚e using the market-based method and 175 tCOâ‚‚e using the location-based method.a
Has Nichols reduced its Scope 2 emissions over time?
Compared to the previous year(2023), Nichols's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Nichols's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Nichols use for Scope 2 reporting?
In 2024, Nichols reported its Scope 2 emissions using the market-based method and using the location-based method.a
Nichols's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Nichols's Value Chain Emissions
In 2024, Nichols reported 87 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 Nichols includes a breakdown across 1of 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
Nichols's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Nichols's Scope 3 emissions?
In 2024, Nichols reported total Scope 3 emissions of 87 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 100%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0%came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Nichols's Scope 3 emissions increased by 19.18%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Nichols disclose?
In 2024, Nichols reported emissions for 1 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 Nichols's Scope 3 emissions?
In 2024, the largest contributors to Nichols's Scope 3 emissions were:a
- Business Travel (Cat. 6): 87 tCOâ‚‚e(100%)
Nichols's Scope 3 Emissions by Categories
Insights into Nichols’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Nichols reported Scope 1 greenhouse gas (GHG) emissions of 767 tCOâ‚‚e and total revenues of USD 217 millions. This translates into an emissions intensity of 3.54 tCOâ‚‚e per millions USD.a
Nichols's Scope 1 Emissions Intensity Compared to Peers
How does Nichols's GHG emissions intensity compare to its peers?
In 2024, Nichols reported a Scope 1 emissions intensity of 3.54 tCOâ‚‚e per millions USD. Compared to the peer group median of 8.79, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Nichols rank on GHG emissions intensity within its industry?
In 2024, Nichols ranked 9 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Nichols is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Nichols's Total Carbon Footprint
In 2024, Nichols reported a total carbon footprint of 1,029 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 21.09% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Nichols's total carbon footprint was Scope 1 emissions, accounting for 74.54% of the company's total carbon footprint, followed by Scope 2 emissions at 17.01%.a