In 2024, Polestar Automotive Holding 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).
Polestar Automotive Holding has also provided a category-level breakdown for 15 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 | 48a | 198a | 470a | |
Total Scope 2 | ||||
Market-Based | 22,818a | 10,234a | 8,630a | |
Location-Based | 15,365a | 7,401a | 6,065a | |
Total Scope 3 | 1,527,912a | 1,769,258a | 1,866,766a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0236a | 0.0836a | 0.1926a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Polestar Automotive Holding amounted to 15,413 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 Polestar Automotive Holding increased by 102.83%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Polestar Automotive Holding were 48 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Polestar Automotive Holding's Scope 1 emissions have decreased by 94.65%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Polestar Automotive Holding's Scope 1 emissions decreased by 75.76%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Polestar Automotive Holding reported Scope 2 greenhouse gas (GHG) emissions of 22,818 tCO₂e using the market-based method and 15,365 tCO₂e using the location-based method.a
Since 2020, Polestar Automotive Holding's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 268.02%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Polestar Automotive Holding's Scope 2 emissions (Location-Based) rose by 107.61% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Polestar Automotive Holding reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Polestar Automotive Holding reported 1,527,912 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 Polestar Automotive Holding includes a breakdown across 15 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, Polestar Automotive Holding reported total Scope 3 emissions of 1,527,912 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 75.18% of these emissions originated from upstream activities such as purchased goods and capital goods, while 24.82% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Polestar Automotive Holding's Scope 3 emissions have increased by 261.49%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Polestar Automotive Holding's Scope 3 emissions decreased by 13.64%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Polestar Automotive Holding reported emissions for 15 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Polestar Automotive Holding's Scope 3 emissions were:a
In 2024, Polestar Automotive Holding reported Scope 1 greenhouse gas (GHG) emissions of 48 tCO₂e and total revenues of USD 2,034 millions. This translates into an emissions intensity of 0.02 tCO₂e per millions USD.a
In 2024, Polestar Automotive Holding reported a Scope 1 emissions intensity of 0.02 tCO₂e per millions USD. Compared to the peer group median of 6.08, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Polestar Automotive Holding ranked 1 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Polestar Automotive Holding among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Polestar Automotive Holding reported a total carbon footprint of 1,543,325 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.14% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Polestar Automotive Holding's total carbon footprint was Scope 3 emissions, accounting for 99% of the company's total carbon footprint, followed by Scope 2 emissions at 1%.a