In 2024, nVent Electric 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) and Scope 2 (indirect emissions from purchased energy).
However, nVent Electric has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 32,812a | 28,365b | 30,340b | |
Total Scope 2 | ||||
Unspecified Calculation Method | 44,739a | 34,283b | 39,767b | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 10.9151a | 8.6913b | 10.4297b |
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In 2024, the total operational greenhouse gas (GHG) emissions of nVent Electric amounted to 77,551 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 nVent Electric increased by 23.79%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of nVent Electric were 32,812 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, nVent Electric's Scope 1 emissions have decreased by 12.1%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), nVent Electric's Scope 1 emissions increased by 15.68%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, nVent Electric reported Scope 2 greenhouse gas (GHG) emissions of 44,739 tCO₂e without specifying the calculation method.a
Since 2019, nVent Electric's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 39.11%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), nVent Electric's Scope 2 emissions (Unspecified Calculation Method) rose by 30.5% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, nVent Electric reported its Scope 2 emissions using an unspecified methodology.a
In 2024, nVent Electric reported Scope 1 greenhouse gas (GHG) emissions of 32,812 tCO₂e and total revenues of USD 3,006 millions. This translates into an emissions intensity of 10.92 tCO₂e per millions USD.a
In 2024, nVent Electric reported a Scope 1 emissions intensity of 10.92 tCO₂e per millions USD. Compared to the peer group median of 6, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, nVent Electric ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
nVent Electric is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a