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) | 2023 | 2022 | 2021 | 2020 - 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 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
In 2023, the total Scope 1 emissions of Quanta Services were 984,498 metric tons of CO₂ equivalent (tCO₂e). a
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
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
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
In 2023, Quanta Services reported its Scope 2 emissions using the market-based method and using the location-based method. a
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
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
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
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.
In 2023, the largest contributors to Quanta Services's Scope 3 emissions were: a
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
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
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
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