In 2024, Primax Electronics 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).
Primax Electronics has also provided a category-level breakdown for 10 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 | 6,903.5a | 4,974.124b | 4,646.228b | |
Total Scope 2 | ||||
Market-Based | 17,351.3a | 28,487.855b | 37,789.468b | |
Location-Based | 35,236.9a | 48,273.44b | 56,236.548b | |
Total Scope 3 | 2,129,887.1a | 1,973,519.667b | 1,713,162.527c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 3.883a | 2.5226b | 1.8018b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Primax Electronics amounted to 42,140.4 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 Primax Electronics decreased by 20.86%, 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 Primax Electronics were 6,903.5 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Primax Electronics's Scope 1 emissions have increased by 25.79%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Primax Electronics's Scope 1 emissions increased by 38.79%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Primax Electronics reported Scope 2 greenhouse gas (GHG) emissions of 17,351.3 tCO₂e using the market-based method and 35,236.9 tCO₂e using the location-based method.a
Since 2019, Primax Electronics's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 61.25%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Primax Electronics's Scope 2 emissions (Location-Based) fell by 27.01% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, Primax Electronics reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Primax Electronics reported 2,129,887.1 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 Primax Electronics includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, down from 10 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Primax Electronics reported total Scope 3 emissions of 2,129,887.1 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 43.46% of these emissions originated from upstream activities such as purchased goods and capital goods, while 56.54% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Primax Electronics's Scope 3 emissions remained relatively stable, indicating that Primax Electronics's emissions have plateaued with no significant change in its value chain footprint.ab
In 2024, Primax Electronics reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Primax Electronics's Scope 3 emissions were:a
In 2024, Primax Electronics reported Scope 1 greenhouse gas (GHG) emissions of 6,903.5 tCO₂e and total revenues of USD 1,778 millions. This translates into an emissions intensity of 3.88 tCO₂e per millions USD.a
In 2024, Primax Electronics reported a Scope 1 emissions intensity of 3.88 tCO₂e per millions USD. Compared to the peer group median of 1.33, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Primax Electronics ranked 21 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Primax Electronics among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Primax Electronics reported a total carbon footprint of 2,172,027.5 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.17% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Primax Electronics's total carbon footprint was Scope 3 emissions, accounting for 98.06% of the company's total carbon footprint, followed by Scope 2 emissions at 1.62%.a