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In 2024, Scandi Standard 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).
Scandi Standard 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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions ofScandi Standard amounted to31,958metric 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 Scandi Standarddecreased by 2.15%, 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 Scandi Standard were 19,201 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Since 2021, Scandi Standard's Scope 1 emissions have increased by 2.05%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Scandi Standard's Scope 1 emissions increased by 5.29%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Scandi Standard reported Scope 2 greenhouse gas (GHG) emissions of 716 tCOâ‚‚e using the market-based method and 12,757 tCOâ‚‚e using the location-based method.a
Since 2021, Scandi Standard's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Scandi Standard's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year(2023), Scandi Standard's Scope 2 emissions(Location-Based) fell by 11.56% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Scandi Standard reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Scandi Standard reported 886,993 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Scandi Standard includes a breakdown across 11of 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, Scandi Standard reported total Scope 3 emissions of 886,993 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 99.24%of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.76%came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Scandi Standard's Scope 3 emissionshave remained relatively stable, indicating that Scandi Standard's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), Scandi Standard's Scope 3 emissions remained relatively stable, indicating that Scandi Standard's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Scandi Standard 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 Scandi Standard's Scope 3 emissions were:a
In 2024, Scandi Standard reported Scope 1 greenhouse gas (GHG) emissions of 19,201 tCOâ‚‚e and total revenues of USD 1,182 millions. This translates into an emissions intensity of 16.25 tCOâ‚‚e per millions USD.a
In 2024, Scandi Standard reported a Scope 1 emissions intensity of 16.25 tCOâ‚‚e per millions USD. Compared to the peer group median of 38.73, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Scandi Standard ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Scandi Standard is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Scandi Standard reported a total carbon footprint of 918,951 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.15% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Scandi Standard's total carbon footprint was Scope 3 emissions, accounting for 96.52% of the company's total carbon footprint, followed by Scope 1 emissions at 2.09%.a