In 2024, Restore 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).
Restore has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 7,597.1a | 7,853.5a | 8,847a | |
Total Scope 2 | ||||
Market-Based | 177a | 416.2a | 1,154.3a | |
Location-Based | 3,919a | 3,824.2a | 3,841.8a | |
Total Scope 3 | 830.4a | 92,683.9a | 1,523.2a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 25.2246a | 22.2568a | 26.3013a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Restore amounted to 11,516.1 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 Restore decreased by 1.38%, 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 Restore were 7,597.1 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Restore's Scope 1 emissions have decreased by 14.13%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Restore's Scope 1 emissions decreased by 3.26%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Restore reported Scope 2 greenhouse gas (GHG) emissions of 177 tCO₂e using the market-based method and 3,919 tCO₂e using the location-based method.a
Since 2022, Restore's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Restore's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Restore's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Restore's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Restore reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Restore reported 830.4 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 Restore includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, down from 8 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Restore reported total Scope 3 emissions of 830.4 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 2022, Restore's Scope 3 emissions have decreased by 45.48%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Restore's Scope 3 emissions decreased by 99.1%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Restore 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 Restore's Scope 3 emissions were:a
In 2024, Restore reported Scope 1 greenhouse gas (GHG) emissions of 7,597.1 tCO₂e and total revenues of USD 301 millions. This translates into an emissions intensity of 25.22 tCO₂e per millions USD.a
In 2024, Restore reported a Scope 1 emissions intensity of 25.22 tCO₂e per millions USD. Compared to the peer group median of 4.12, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Restore ranked 21 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Restore among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Restore reported a total carbon footprint of 12,346.5 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 88.17% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Restore's total carbon footprint was Scope 1 emissions, accounting for 61.53% of the company's total carbon footprint, followed by Scope 2 emissions at 31.74%.a