In 2024, Ratos 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).
Ratos has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 14,848a | 60,757a |
Total Scope 2 | ||
Market-Based | 52,437a | 1,335,478a |
Location-Based | 27,566a | 94,952a |
Total Scope 3 | 912,518a | N/A |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 8.158a | 18.1632a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Ratos amounted to 42,414 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 2023, the total operational greenhouse gas (GHG) emissions of Ratos decreased by 72.76%, 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 Ratos were 14,848 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Ratos's Scope 1 emissions decreased by 75.56%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Ratos reported Scope 2 greenhouse gas (GHG) emissions of 52,437 tCO₂e using the market-based method and 27,566 tCO₂e using the location-based method.a
Compared to the previous year (2023), Ratos's Scope 2 emissions (Location-Based) fell by 70.97% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Ratos reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Ratos reported 912,518 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 2024 disclosure of Ratos includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Ratos reported total Scope 3 emissions of 912,518 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 92.22% of these emissions originated from upstream activities such as purchased goods and capital goods, while 7.78% came from downstream activities like product use, distribution, and end-of-life treatment.a
In 2024, Ratos reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Ratos's Scope 3 emissions were:a
In 2024, Ratos reported Scope 1 greenhouse gas (GHG) emissions of 14,848 tCO₂e and total revenues of USD 1,820 millions. This translates into an emissions intensity of 8.16 tCO₂e per millions USD.a
In 2024, Ratos reported a Scope 1 emissions intensity of 8.16 tCO₂e per millions USD. Compared to the peer group median of 9.61, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Ratos ranked 12 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Ratos is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Ratos reported a total carbon footprint of 954,932 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 513.28% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Ratos's total carbon footprint was Scope 3 emissions, accounting for 95.56% of the company's total carbon footprint, followed by Scope 2 emissions at 2.89%.a