In 2024, RHI Magnesita 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).
RHI Magnesita has also provided a category-level breakdown for 11 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 | 2,259,000a | 2,176,200a | 2,347,000b | |
Total Scope 2 | ||||
Market-Based | 99,000a | 115,000a | N/A | |
Location-Based | 216,000a | 214,000a | N/A | |
Unspecified Calculation Method | N/A | N/A | 120,000b | |
Total Scope 3 | 3,575,000a | 3,692,000a | 2,420,000b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 622.5499a | 550.4405a | 766.8611b |
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In 2024, the total operational greenhouse gas (GHG) emissions of RHI Magnesita amounted to 2,475,000 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 RHI Magnesita increased by 3.55%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of RHI Magnesita were 2,259,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, RHI Magnesita's Scope 1 emissions have increased by 5.02%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), RHI Magnesita's Scope 1 emissions increased by 3.8%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, RHI Magnesita reported Scope 2 greenhouse gas (GHG) emissions of 99,000 tCO₂e using the market-based method and 216,000 tCO₂e using the location-based method.a
Compared to the previous year (2023), RHI Magnesita's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that RHI Magnesita's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, RHI Magnesita reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, RHI Magnesita reported 3,575,000 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 RHI Magnesita includes a breakdown across 11 of 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, RHI Magnesita reported total Scope 3 emissions of 3,575,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 89.99% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.01% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, RHI Magnesita's Scope 3 emissions have increased by 18.85%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), RHI Magnesita's Scope 3 emissions remained relatively stable, indicating that RHI Magnesita's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, RHI Magnesita reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to RHI Magnesita's Scope 3 emissions were:a
In 2024, RHI Magnesita reported Scope 1 greenhouse gas (GHG) emissions of 2,259,000 tCO₂e and total revenues of USD 3,629 millions. This translates into an emissions intensity of 622.55 tCO₂e per millions USD.a
In 2024, RHI Magnesita reported a Scope 1 emissions intensity of 622.55 tCO₂e per millions USD. Compared to the peer group median of 19.45, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, RHI Magnesita ranked 26 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places RHI Magnesita among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, RHI Magnesita reported a total carbon footprint of 6,050,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.53% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to RHI Magnesita's total carbon footprint was Scope 3 emissions, accounting for 59.09% of the company's total carbon footprint, followed by Scope 1 emissions at 37.34%.a