Quanta Services Inc

Common Name
Quanta Services
Country
United States
Sector
Industrials
Industry
Engineering & Construction
Employees
58,400
Ticker
PWR
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Quanta Services Inc. is a leading provider of specialized contracting services, delivering comprehensive infrastructure solutions for the electric power, oil and gas industries. With a focus on the de...

Quanta Services's GHG Emissions Data Preview

In 2023, Quanta Services 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).

Quanta Services has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Quanta Services's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Quanta Services amounted to 992,044 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Quanta Services increased by 18.13%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Quanta Services's Scope 1 Emissions Over Time

201920202021202220230250 k500 k750 k1 MtCO2e-12%+14%+28%+18%
  • Total Scope 1
  • Year-over-Year Change

What are Quanta Services's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Quanta Services were 984,498 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Quanta Services reduced its Scope 1 emissions over time?

Since 2019, Quanta Services's Scope 1 emissions have increased by 50.87%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Quanta Services's Scope 1 emissions increased by 18.04%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Quanta Services's Scope 2 emissions?

In 2023, Quanta Services reported Scope 2 greenhouse gas (GHG) emissions of 6,995 tCOâ‚‚e using the market-based method, and 7,546 tCOâ‚‚e using the location-based method.

Has Quanta Services reduced its Scope 2 emissions over time?

Since 2019, Quanta Services's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 155.71%, reflecting a rising long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Quanta Services's Scope 2 emissions (Location-Based) rose by 31.33% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Quanta Services use for Scope 2 reporting?

In 2023, Quanta Services reported its Scope 2 emissions using the market-based method and using the location-based method.

Quanta Services's Scope 2 Emissions Over Time

2019202020212022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Quanta Services's Value Chain Emissions

In 2023, Quanta Services reported 321,956 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Quanta Services includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Quanta Services's Scope 3 Emissions Over Time

20192020202120222023085 k170 k255 k340 ktCO2e-23%+27%+8%+331%
  • Total Scope 3
  • Year-over-Year Change

What are Quanta Services's Scope 3 emissions?

In 2023, Quanta Services reported total Scope 3 emissions of 321,956 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Quanta Services reduced its Scope 3 emissions over time?

Since 2019, Quanta Services's Scope 3 emissions have increased by 353.1%, reflecting a rising long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Quanta Services's Scope 3 emissions increased by 330.74%, suggesting that the company faced challenges in reducing emissions across its value chain.

What categories of Scope 3 emissions does Quanta Services disclose?

In 2023, Quanta Services reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Quanta Services's Scope 3 emissions?

In 2023, the largest contributors to Quanta Services's Scope 3 emissions were:

  • Fuel- and Energy-Related Services (Cat. 3): 214,325 tCOâ‚‚e (66.57%)
  • Employee Commuting (Cat. 7): 65,738 tCOâ‚‚e (20.42%)
  • Business Travel (Cat. 6): 29,199 tCOâ‚‚e (9.07%)

Quanta Services's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(9.1%)Fuel- andEnergy-RelatedServices (Cat. 3)(66.6%)Employee Commuting(Cat. 7)(20.4%)

Insights into Quanta Services's Total Carbon Footprint

In 2023, Quanta Services reported a total carbon footprint of 1,314,000 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 43.68% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Quanta Services's total carbon footprint was Scope 1 emissions, accounting for 74.92% of the company's total carbon footprint, followed by Scope 3 emissions at 24.5%.

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