In 2024, NMDC 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).
NMDC Group has also provided a category-level breakdown for 9 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 | 940,475.97a | 613,474a | N/A | |
Total Scope 2 | ||||
Market-Based | 27,431.1a | 37,700.3a | N/A | |
Location-Based | 27,431.1a | 37,700.3a | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 1,414,840.25a | 1,612,854a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 131.5072a | 134.8447a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of NMDC Group amounted to 967,907.07 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 NMDC Group increased by 48.64%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of NMDC Group were 940,475.97 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, NMDC Group's Scope 1 emissions have increased by 52,007.68%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), NMDC Group's Scope 1 emissions increased by 53.3%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, NMDC Group reported Scope 2 greenhouse gas (GHG) emissions of 27,431.1 tCO₂e using the market-based method and 27,431.1 tCO₂e using the location-based method.a
Compared to the previous year (2023), NMDC Group's Scope 2 emissions (Location-Based) fell by 27.24% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, NMDC Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, NMDC Group reported 1,414,840.25 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 NMDC Group includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, NMDC Group reported total Scope 3 emissions of 1,414,840.25 metric tons of CO₂ equivalent (tCO₂e).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), NMDC Group's Scope 3 emissions decreased by 12.28%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, NMDC Group reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to NMDC Group's Scope 3 emissions were:a
In 2024, NMDC Group reported Scope 1 greenhouse gas (GHG) emissions of 940,475.97 tCO₂e and total revenues of USD 7,152 millions. This translates into an emissions intensity of 131.51 tCO₂e per millions USD.a
In 2024, NMDC Group reported a Scope 1 emissions intensity of 131.51 tCO₂e per millions USD. Compared to the peer group median of 24.32, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, NMDC Group ranked 23 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places NMDC Group among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, NMDC Group reported a total carbon footprint of 2,382,747.32 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.24% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to NMDC Group's total carbon footprint was Scope 3 emissions, accounting for 59.38% of the company's total carbon footprint, followed by Scope 1 emissions at 39.47%.a