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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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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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
In 2024, the total Scope 1 emissions of Quanta Services were 874,837 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
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
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
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
In 2024, Quanta Services reported its Scope 2 emissions using the market-based method and using the location-based method.a
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
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
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
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.
In 2024, the largest contributors to Quanta Services's Scope 3 emissions were:a
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
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
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
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