Ryder System Inc

Common Name
Ryder System
Country
United States
Sector
Industrials
Industry
Rental & Leasing Services
Employees
50,700
Ticker
R
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Ryder System Inc. is a prominent logistics and transportation services company that offers fleet management, supply chain solutions, and dedicated transportation services across North America and othe...

Ryder System's GHG Emissions Data Preview

In 2023, Ryder System 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).

Ryder System has also provided a category-level breakdown for 9 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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Location-Based
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Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Ryder System’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 Ryder System’s data sources below and access millions more through our Disclosure Search.

a. Ryder System's CDP Climate sourced from company’s website 2024
a. Ryder System's CDP Climate sourced from company’s website 2024
b. Ryder System's CDP Climate sourced from company’s website 2023
b. Ryder System's CDP Climate sourced from company’s website 2023
c. Ryder System's CDP Climate sourced from company’s website 2018
c. Ryder System's CDP Climate sourced from company’s website 2018

Insights into Ryder System's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Ryder System amounted to 937,316 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 Ryder System increased by 19.22%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Ryder System's Scope 1 Emissions Over Time

201820192020202220230250 k500 k750 k1 MtCO2e+6%-14%+6%+21%
  • Total Scope 1
  • Year-over-Year Change

What are Ryder System's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Ryder System were 869,939 metric tons of CO₂ equivalent (tCO₂e). a

Has Ryder System reduced its Scope 1 emissions over time?

Since 2018, Ryder System's Scope 1 emissions have increased by 16.01%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2022), Ryder System's Scope 1 emissions increased by 20.76%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Ryder System's Scope 2 emissions?

In 2023, Ryder System reported Scope 2 greenhouse gas (GHG) emissions of 69,851 tCO₂e using the market-based method and 67,377 tCO₂e using the location-based method. a

Has Ryder System reduced its Scope 2 emissions over time?

Since 2018, Ryder System's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 43.33%, reflecting a declining long-term trend in Scope 2 emissions over time. a c

Compared to the previous year (2022), Ryder System's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Ryder System 's emissions have plateaued with no significant change in its energy consumption footprint. a b

What methodology does Ryder System use for Scope 2 reporting?

In 2023, Ryder System reported its Scope 2 emissions using the market-based method and using the location-based method. a

Ryder System's Scope 2 Emissions Over Time

20182019202020222023030 k60 k90 k120 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Ryder System's Value Chain Emissions

In 2023, Ryder System reported 17,965,515 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 Ryder System includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Ryder System's Scope 3 Emissions Over Time

20182019202020212022202304.5 M9 M13.5 M18 MtCO2e-4%0%-6%+73%+8%
  • Total Scope 3
  • Year-over-Year Change

What are Ryder System's Scope 3 emissions?

In 2023, Ryder System reported total Scope 3 emissions of 17,965,515 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 6.27% of these emissions originated from upstream activities such as purchased goods and capital goods, while 93.73% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Ryder System reduced its Scope 3 emissions over time?

Since 2018, Ryder System's Scope 3 emissions have increased by 68.26%, reflecting a rising long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2022), Ryder System's Scope 3 emissions remained relatively stable, indicating that Ryder System 's emissions have plateaued with no significant change in its value chain footprint. a b

What categories of Scope 3 emissions does Ryder System disclose?

In 2023, Ryder System reported emissions for 8 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.

What are the main sources of Ryder System's Scope 3 emissions?

In 2023, the largest contributors to Ryder System's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 9,592,099 tCO₂e (53.39%)
  • Downstream Leased Assets (Cat. 13): 7,247,747 tCO₂e (40.34%)
  • Capital Goods (Cat. 2): 551,464 tCO₂e (3.07%)

Ryder System's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(3.1%)Use of Sold Products(Cat. 11)(53.4%)Downstream LeasedAssets (Cat. 13)(40.3%)

Insights into Ryder System’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Ryder System reported Scope 1 greenhouse gas (GHG) emissions of 869,939 tCO₂e and total revenues of USD 11,979 millions. This translates into an emissions intensity of 72.62 tCO₂e per millions USD. a

Ryder System's Scope 1 Emissions Intensity Compared to Peers

50010,000200,0005,000,000100,000,000Scope 1 Emissions (tCO2e)2001,0005,00020,00050,000Revenues (Millions of USD)KBRYear: 2023Scope 1: 5,746 tCO2eRevenue: $M 6,956Scope 1 Intensity: 0.83 tCO2e/$MMcGrath RentCorpYear: 2022Scope 1: 8,103 tCO2eRevenue: $M 636Scope 1 Intensity: 12.75 tCO2e/$MRobert HalfYear: 2023Scope 1: 3,183 tCO2eRevenue: $M 6,393Scope 1 Intensity: 0.50 tCO2e/$MGATXYear: 2024Scope 1: 14,231 tCO2eRevenue: $M 1,586Scope 1 Intensity: 8.98 tCO2e/$MAvis Budget GroupYear: 2023Scope 1: 6,349,360 tCO2eRevenue: $M 12,664Scope 1 Intensity: 501.37 tCO2e/$MSpirit AeroSystems HoldingsYear: 2022Scope 1: 135,663 tCO2eRevenue: $M 5,030Scope 1 Intensity: 26.97 tCO2e/$MAir LeaseYear: 2023Scope 1: 5,599 tCO2eRevenue: $M 2,685Scope 1 Intensity: 2.09 tCO2e/$MTimkenYear: 2023Scope 1: 126,070 tCO2eRevenue: $M 4,769Scope 1 Intensity: 26.44 tCO2e/$MADTYear: 2024Scope 1: 42,764 tCO2eRevenue: $M 4,898Scope 1 Intensity: 8.73 tCO2e/$MRegal RexnordYear: 2024Scope 1: 61,149 tCO2eRevenue: $M 6,034Scope 1 Intensity: 10.13 tCO2e/$MResideo TechnologiesYear: 2024Scope 1: 18,014 tCO2eRevenue: $M 6,761Scope 1 Intensity: 2.66 tCO2e/$MAMETEKYear: 2024Scope 1: 29,700 tCO2eRevenue: $M 6,941Scope 1 Intensity: 4.28 tCO2e/$MGranite ConstructionYear: 2024Scope 1: 229,298 tCO2eRevenue: $M 4,008Scope 1 Intensity: 57.22 tCO2e/$MHubbellYear: 2024Scope 1: 50,870 tCO2eRevenue: $M 5,629Scope 1 Intensity: 9.04 tCO2e/$MFastenalYear: 2024Scope 1: 128,284 tCO2eRevenue: $M 7,546Scope 1 Intensity: 17.00 tCO2e/$MXylemYear: 2023Scope 1: 76,221 tCO2eRevenue: $M 7,364Scope 1 Intensity: 10.35 tCO2e/$MXPOYear: 2021Scope 1: 1,401,005 tCO2eRevenue: $M 7,202Scope 1 Intensity: 194.53 tCO2e/$MCH Robinson WorldwideYear: 2024Scope 1: 12,017 tCO2eRevenue: $M 17,724Scope 1 Intensity: 0.68 tCO2e/$MHerc HoldingsYear: 2023Scope 1: 148,668 tCO2eRevenue: $M 3,282Scope 1 Intensity: 45.30 tCO2e/$MSouthwest AirlinesYear: 2023Scope 1: 20,670,103 tCO2eRevenue: $M 26,091Scope 1 Intensity: 792.23 tCO2e/$MAramarkYear: 2024Scope 1: 40,498 tCO2eRevenue: $M 17,401Scope 1 Intensity: 2.33 tCO2e/$MBuilders FirstSourceYear: 2023Scope 1: 156,447 tCO2eRevenue: $M 17,097Scope 1 Intensity: 9.15 tCO2e/$MUnited RentalsYear: 2024Scope 1: 462,087 tCO2eRevenue: $M 15,345Scope 1 Intensity: 30.11 tCO2e/$MWesco InternationalYear: 2024Scope 1: 57,001 tCO2eRevenue: $M 21,819Scope 1 Intensity: 2.61 tCO2e/$MGXO LogisticsYear: 2024Scope 1: 200,782 tCO2eRevenue: $M 11,709Scope 1 Intensity: 17.15 tCO2e/$MRyder SystemYear: 2023Scope 1: 869,939 tCO2eRevenue: $M 11,979Scope 1 Intensity: 72.62 tCO2e/$M

How does Ryder System's GHG emissions intensity compare to its peers?

In 2023, Ryder System reported a Scope 1 emissions intensity of 72.62 tCO₂e per millions USD. Compared to the peer group median of 10.13 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Ryder System rank on GHG emissions intensity within its industry?

In 2023, Ryder System ranked 23 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Ryder System among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into Ryder System's Total Carbon Footprint

In 2023, Ryder System reported a total carbon footprint of 18,902,831 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.3% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Ryder System's total carbon footprint was Scope 3 emissions, accounting for 95.04% of the company's total carbon footprint, followed by Scope 1 emissions at 4.6%. a

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