In 2024, Old Dominion Freight Line 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).
However, Old Dominion Freight Line 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 | 1,158,559a | 1,198,591b | 1,318,785b | |
Total Scope 2 | ||||
Market-Based | 27,490a | N/A | N/A | |
Location-Based | 25,232a | N/A | N/A | |
Unspecified Calculation Method | N/A | 26,690b | 28,949b | |
Total Scope 3 | 545,200b | 551,981b | 332,239b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 199.2428a | 204.3232b | 210.6659b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Old Dominion Freight Line amounted to 1,183,791 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 Old Dominion Freight Line decreased by 3.39%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Old Dominion Freight Line were 1,158,559 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Old Dominion Freight Line's Scope 1 emissions have decreased by 4.4%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Old Dominion Freight Line's Scope 1 emissions decreased by 3.34%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, Old Dominion Freight Line reported Scope 2 greenhouse gas (GHG) emissions of 27,490 tCO₂e using the market-based method and 25,232 tCO₂e using the location-based method.a
In 2024, Old Dominion Freight Line reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Old Dominion Freight Line reported 545,200 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.b
The 2024 disclosure of Old Dominion Freight Line includes a breakdown across 0 of 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.b
In 2024, Old Dominion Freight Line reported total Scope 3 emissions of 545,200 metric tons of CO₂ equivalent (tCO₂e).b
Since 2019, Old Dominion Freight Line's Scope 3 emissionshave remained relatively stable, indicating that Old Dominion Freight Line's emissions have plateaued with no significant change in its value chain footprint.bc
Compared to the previous year (2023), Old Dominion Freight Line's Scope 3 emissions remained relatively stable, indicating that Old Dominion Freight Line's emissions have plateaued with no significant change in its value chain footprint.b
In 2024, Old Dominion Freight Line reported Scope 1 greenhouse gas (GHG) emissions of 1,158,559 tCO₂e and total revenues of USD 5,815 millions. This translates into an emissions intensity of 199.24 tCO₂e per millions USD.a
In 2024, Old Dominion Freight Line reported a Scope 1 emissions intensity of 199.24 tCO₂e per millions USD. Compared to the peer group median of 43.4, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Old Dominion Freight Line ranked 20 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Old Dominion Freight Line among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Old Dominion Freight Line reported a total carbon footprint of 1,728,991 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.72% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Old Dominion Freight Line's total carbon footprint was Scope 1 emissions, accounting for 67.01% of the company's total carbon footprint, followed by Scope 3 emissions at 31.53%.ab