In 2024, Oxford Instruments 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).
Oxford Instruments 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 |
|---|---|---|
Total Scope 1 | 425a | 660a |
Total Scope 2 | ||
Market-Based | 2,362a | 656a |
Location-Based | 3,118a | 2,515a |
Total Scope 3 | 96,228a | 89,052a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.7156a | 1.1981a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Oxford Instruments amounted to 3,543 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 Oxford Instruments increased by 11.59%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Oxford Instruments were 425 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Oxford Instruments's Scope 1 emissions decreased by 35.61%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Oxford Instruments reported Scope 2 greenhouse gas (GHG) emissions of 2,362 tCO₂e using the market-based method and 3,118 tCO₂e using the location-based method.a
Compared to the previous year (2023), Oxford Instruments's Scope 2 emissions (Location-Based) rose by 23.98% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Oxford Instruments reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Oxford Instruments reported 96,228 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 Oxford Instruments includes a breakdown across 9 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.a
In 2024, Oxford Instruments reported total Scope 3 emissions of 96,228 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 67.74% of these emissions originated from upstream activities such as purchased goods and capital goods, while 32.26% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Oxford Instruments's Scope 3 emissions remained relatively stable, indicating that Oxford Instruments's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Oxford Instruments reported emissions for 9 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 Oxford Instruments's Scope 3 emissions were:a
In 2024, Oxford Instruments reported Scope 1 greenhouse gas (GHG) emissions of 425 tCO₂e and total revenues of USD 594 millions. This translates into an emissions intensity of 0.72 tCO₂e per millions USD.a
In 2024, Oxford Instruments reported a Scope 1 emissions intensity of 0.72 tCO₂e per millions USD. Compared to the peer group median of 1.96, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Oxford Instruments ranked 3 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Oxford Instruments among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Oxford Instruments reported a total carbon footprint of 99,771 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.18% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Oxford Instruments's total carbon footprint was Scope 3 emissions, accounting for 96.45% of the company's total carbon footprint, followed by Scope 2 emissions at 3.13%.a