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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 2024, 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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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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a
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
0000000
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Verified Sources Behind Quanta Services’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Quanta Services’s data sources below and access millions more through our Disclosure Search.

a. Quanta Services's Sustainability Report 2024
a. Quanta Services's Sustainability Report 2024
b. Quanta Services's Sustainability Report 2023
b. Quanta Services's Sustainability Report 2023

Insights into Quanta Services's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofQuanta Services amounted to887,702metric 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 Quanta Servicesdecreased by 2.23%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Quanta Services's Scope 1 Emissions Over Time

2019202020212022202320240250 k500 k750 k1 MtCO2e-12%+14%+28%+8%-3%
  • Total Scope 1
  • Year-over-Year Change

What are Quanta Services's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Quanta Services were 874,837 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Quanta Services reduced its Scope 1 emissions over time?

Since 2019, Quanta Services's Scope 1 emissions have increased by 34.06%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Quanta Services's Scope 1 emissions decreased by 2.78%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Quanta Services's Scope 2 emissions?

In 2024, Quanta Services reported Scope 2 greenhouse gas (GHG) emissions of 12,337 tCOâ‚‚e using the market-based method and 12,865 tCOâ‚‚e using the location-based method.a

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 335.95%, reflecting a rising long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Quanta Services's Scope 2 emissions(Location-Based) rose by 58.87% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Quanta Services use for Scope 2 reporting?

In 2024, Quanta Services reported its Scope 2 emissions using the market-based method and using the location-based method.a

Quanta Services's Scope 2 Emissions Over Time

20192020202120222023202403.5 k7 k10.5 k14 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Quanta Services's Value Chain Emissions

In 2024, Quanta Services reported 356,256 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Quanta Services includes a breakdown across 4of 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

Quanta Services's Scope 3 Emissions Over Time

201920202021202220232024090 k180 k270 k360 ktCO2e-23%+27%+8%+331%+11%
  • Total Scope 3
  • Year-over-Year Change

What are Quanta Services's Scope 3 emissions?

In 2024, Quanta Services reported total Scope 3 emissions of 356,256 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

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.a

Has Quanta Services reduced its Scope 3 emissions over time?

Since 2019, Quanta Services's Scope 3 emissionshave increased by 401.37%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Quanta Services's Scope 3 emissions increased by 10.68%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Quanta Services disclose?

In 2024, Quanta Services reported emissions for 4 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.

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

In 2024, the largest contributors to Quanta Services's Scope 3 emissions were:a

  • Fuel- and Energy-Related Services (Cat. 3): 192,463 tCOâ‚‚e(54.02%)
  • Employee Commuting (Cat. 7): 117,945 tCOâ‚‚e(33.11%)
  • Business Travel (Cat. 6): 28,209 tCOâ‚‚e(7.92%)

Quanta Services's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(54.0%)Business Travel(Cat. 6)(7.9%)Employee Commuting(Cat. 7)(33.1%)

Insights into Quanta Services’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Quanta Services reported Scope 1 greenhouse gas (GHG) emissions of 874,837 tCOâ‚‚e and total revenues of USD 23,673 millions. This translates into an emissions intensity of 36.96 tCOâ‚‚e per millions USD.a

Quanta Services's Scope 1 Emissions Intensity Compared to Peers

1,0005,00050,000500,0002,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)EMKBRYear: 2024Scope 1: 5,145 tCO2eRevenue: $M 7,742Scope 1 Intensity: 0.66 tCO2e/$MJacobs SolutionsYear: 2023Scope 1: 16,512 tCO2eRevenue: $M 10,852Scope 1 Intensity: 1.52 tCO2e/$MTetra TechYear: 2024Scope 1: 10,300 tCO2eRevenue: $M 5,199Scope 1 Intensity: 1.98 tCO2e/$MAECOMYear: 2024Scope 1: 29,072 tCO2eRevenue: $M 16,105Scope 1 Intensity: 1.81 tCO2e/$MComfort Systems USAYear: 2024Scope 1: 74,122 tCO2eRevenue: $M 7,027Scope 1 Intensity: 10.55 tCO2e/$MOtis WorldwideYear: 2024Scope 1: 120,275 tCO2eRevenue: $M 14,261Scope 1 Intensity: 8.43 tCO2e/$MCarrier GlobalYear: 2024Scope 1: 147,343 tCO2eRevenue: $M 22,486Scope 1 Intensity: 6.55 tCO2e/$MEEEverus Construction GroupYear: 2024Scope 1: 53,350 tCO2eRevenue: $M 2,850Scope 1 Intensity: 18.72 tCO2e/$MGranite ConstructionYear: 2024Scope 1: 229,298 tCO2eRevenue: $M 4,008Scope 1 Intensity: 57.22 tCO2e/$MRyder SystemYear: 2024Scope 1: 869,939 tCO2eRevenue: $M 12,708Scope 1 Intensity: 68.46 tCO2e/$MDycom IndustriesYear: 2024Scope 1: 190,716 tCO2eRevenue: $M 4,702Scope 1 Intensity: 40.56 tCO2e/$MCH Robinson WorldwideYear: 2024Scope 1: 12,017 tCO2eRevenue: $M 17,724Scope 1 Intensity: 0.68 tCO2e/$MAGCOYear: 2024Scope 1: 64,279 tCO2eRevenue: $M 11,662Scope 1 Intensity: 5.51 tCO2e/$MHuntington Ingalls IndustriesYear: 2024Scope 1: 80,948 tCO2eRevenue: $M 11,535Scope 1 Intensity: 7.02 tCO2e/$MExpeditorsYear: 2024Scope 1: 8,075 tCO2eRevenue: $M 10,601Scope 1 Intensity: 0.76 tCO2e/$MEMCOR GroupYear: 2024Scope 1: 182,567 tCO2eRevenue: $M 14,566Scope 1 Intensity: 12.53 tCO2e/$ML3Harris TechnologiesYear: 2024Scope 1: 73,961 tCO2eRevenue: $M 21,325Scope 1 Intensity: 3.47 tCO2e/$MAramarkYear: 2024Scope 1: 40,498 tCO2eRevenue: $M 17,401Scope 1 Intensity: 2.33 tCO2e/$MArcosaYear: 2024Scope 1: 462,949 tCO2eRevenue: $M 2,570Scope 1 Intensity: 180.14 tCO2e/$MWW GraingerYear: 2024Scope 1: 28,000 tCO2eRevenue: $M 17,168Scope 1 Intensity: 1.63 tCO2e/$MAmerican Eagle OutfittersYear: 2024Scope 1: 9,302 tCO2eRevenue: $M 5,329Scope 1 Intensity: 1.75 tCO2e/$MGeneral DynamicsYear: 2024Scope 1: 523,038 tCO2eRevenue: $M 47,716Scope 1 Intensity: 10.96 tCO2e/$MMMMYR GroupYear: 2024Scope 1: 74,362 tCO2eRevenue: $M 3,362Scope 1 Intensity: 22.12 tCO2e/$MTopBuildYear: 2024Scope 1: 133,512 tCO2eRevenue: $M 5,330Scope 1 Intensity: 25.05 tCO2e/$MBoeingYear: 2024Scope 1: 517,000 tCO2eRevenue: $M 66,517Scope 1 Intensity: 7.77 tCO2e/$MQuanta ServicesYear: 2024Scope 1: 874,837 tCO2eRevenue: $M 23,673Scope 1 Intensity: 36.96 tCO2e/$M

How does Quanta Services's GHG emissions intensity compare to its peers?

In 2024, Quanta Services reported a Scope 1 emissions intensity of 36.96 tCOâ‚‚e per millions USD. Compared to the peer group median of 7.02, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Quanta Services rank on GHG emissions intensity within its industry?

In 2024, Quanta Services ranked 22 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places Quanta Services among the least efficient performers, with one of the highest emissions intensities in its sector.a

Insights into Quanta Services's Total Carbon Footprint

In 2024, Quanta Services reported a total carbon footprint of 1,243,958 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.15% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Quanta Services's total carbon footprint was Scope 1 emissions, accounting for 70.33% of the company's total carbon footprint, followed by Scope 3 emissions at 28.64%.a

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