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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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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 2023
a. Quanta Services's Sustainability Report 2023
b. Quanta Services's Sustainability Data Spreadsheet 2022
b. Quanta Services's Sustainability Data Spreadsheet 2022

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). a

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. a

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 CO₂ equivalent (tCO₂e). a

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. a

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. a

What are Quanta Services's Scope 2 emissions?

In 2023, Quanta Services reported Scope 2 greenhouse gas (GHG) emissions of 6,995 tCO₂e using the market-based method and 7,546 tCO₂e 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 155.71%, reflecting a rising long-term trend in Scope 2 emissions over time. a

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 a

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. a

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 CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

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 a

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 CO₂ equivalent (tCO₂e). 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 emissions have increased by 353.1%, reflecting a rising long-term trend in Scope 3 emissions over time. a

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. a

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

  • Fuel- and Energy-Related Services (Cat. 3): 214,325 tCO₂e (66.57%)
  • Employee Commuting (Cat. 7): 65,738 tCO₂e (20.42%)
  • Business Travel (Cat. 6): 29,199 tCO₂e (9.07%)

Quanta Services's Scope 3 Emissions by Categories

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

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

In 2023, Quanta Services reported Scope 1 greenhouse gas (GHG) emissions of 984,498 tCO₂e and total revenues of USD 20,882 millions. This translates into an emissions intensity of 47.15 tCO₂e per millions USD. a

Quanta Services's Scope 1 Emissions Intensity Compared to Peers

1,00020,000200,0005,000,00050,000,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)EMKBRYear: 2023Scope 1: 5,746 tCO2eRevenue: $M 6,956Scope 1 Intensity: 0.83 tCO2e/$MNorfolk SouthernYear: 2023Scope 1: 4,097,539 tCO2eRevenue: $M 12,156Scope 1 Intensity: 337.08 tCO2e/$MJacobs SolutionsYear: 2023Scope 1: 16,512 tCO2eRevenue: $M 10,852Scope 1 Intensity: 1.52 tCO2e/$MFluorYear: 2024Scope 1: 6,420 tCO2eRevenue: $M 16,315Scope 1 Intensity: 0.39 tCO2e/$MTetra TechYear: 2024Scope 1: 10,300 tCO2eRevenue: $M 5,199Scope 1 Intensity: 1.98 tCO2e/$MCSXYear: 2023Scope 1: 4,239,321 tCO2eRevenue: $M 14,657Scope 1 Intensity: 289.24 tCO2e/$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: $M 4,008Scope 1 Intensity: 57.22 tCO2e/$MRepublic ServicesYear: 2022Scope 1: 13,688,116 tCO2eRevenue: $M 13,511Scope 1 Intensity: 1,013.09 tCO2e/$MRyder SystemYear: 2023Scope 1: 869,939 tCO2eRevenue: $M 11,979Scope 1 Intensity: 72.62 tCO2e/$MDycom IndustriesYear: 2024Scope 1: 190,716 tCO2eRevenue: $M 4,702Scope 1 Intensity: 40.56 tCO2e/$MCH Robinson WorldwideYear: 2024Scope 1: 12,017 tCO2eRevenue: $M 17,724Scope 1 Intensity: 0.68 tCO2e/$MEMCOR GroupYear: 2023Scope 1: 176,705 tCO2eRevenue: $M 12,583Scope 1 Intensity: 14.04 tCO2e/$ML3Harris TechnologiesYear: 2024Scope 1: 73,961 tCO2eRevenue: $M 21,325Scope 1 Intensity: 3.47 tCO2e/$MArcosaYear: 2024Scope 1: 462,949 tCO2eRevenue: $M 2,570Scope 1 Intensity: 180.14 tCO2e/$MWW GraingerYear: 2023Scope 1: 30,000 tCO2eRevenue: $M 16,478Scope 1 Intensity: 1.82 tCO2e/$MGeneral DynamicsYear: 2023Scope 1: 323,044 tCO2eRevenue: $M 42,272Scope 1 Intensity: 7.64 tCO2e/$MMMMYR GroupYear: 2024Scope 1: 74,362 tCO2eRevenue: $M 3,362Scope 1 Intensity: 22.12 tCO2e/$MGE VernovaYear: 2024Scope 1: 226,811 tCO2eRevenue: $M 34,935Scope 1 Intensity: 6.49 tCO2e/$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: 2023Scope 1: 984,498 tCO2eRevenue: $M 20,882Scope 1 Intensity: 47.15 tCO2e/$M

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

In 2023, Quanta Services reported a Scope 1 emissions intensity of 47.15 tCO₂e per millions USD. Compared to the peer group median of 8.43 , 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 2023, Quanta Services ranked 20 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Quanta Services is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Quanta Services's Total Carbon Footprint

In 2023, Quanta Services reported a total carbon footprint of 1,314,000 metric tons of CO₂ equivalent (tCO₂e) 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. a

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%. a

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