In 2023, SBO 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).
SBO has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 4,040.9a | 4,180.2a | 2,797.9b | |
Total Scope 2 | ||||
Market-Based | 9,610.2a | 9,462.5a | N/A | |
Location-Based | 11,979.6a | 11,646.9a | N/A | |
Unspecified Calculation Method | N/A | N/A | 8,395.5b | |
Total Scope 3 | 102,828.4a | 89,246.1a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.2316a | 7.8228a | 8.4374b |
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In 2023, the total operational greenhouse gas (GHG) emissions of SBO amounted to 16,020.5 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 SBO increased by 1.22%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of SBO were 4,040.9 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, SBO's Scope 1 emissions have increased by 88.6%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2022), SBO's Scope 1 emissions decreased by 3.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, SBO reported Scope 2 greenhouse gas (GHG) emissions of 9,610.2 tCO₂e using the market-based method and 11,979.6 tCO₂e using the location-based method.a
Compared to the previous year (2022), SBO's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that SBO's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, SBO reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, SBO reported 102,828.4 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 2023 disclosure of SBO includes a breakdown across 10 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
In 2023, SBO reported total Scope 3 emissions of 102,828.4 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 92.75% of these emissions originated from upstream activities such as purchased goods and capital goods, while 7.25% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), SBO's Scope 3 emissions increased by 15.22%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, SBO reported emissions for 10 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 2023, the largest contributors to SBO's Scope 3 emissions were:a
In 2023, SBO reported Scope 1 greenhouse gas (GHG) emissions of 4,040.9 tCO₂e and total revenues of USD 648 millions. This translates into an emissions intensity of 6.23 tCO₂e per millions USD.a
In 2023, SBO reported a Scope 1 emissions intensity of 6.23 tCO₂e per millions USD. Compared to the peer group median of 21.58, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, SBO ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
SBO is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2023, SBO reported a total carbon footprint of 118,848.9 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.11% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to SBO's total carbon footprint was Scope 3 emissions, accounting for 86.52% of the company's total carbon footprint, followed by Scope 2 emissions at 10.08%.a