In 2024, Schrodinger 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).
Schrodinger has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 446a | 249b |
Total Scope 2 | ||
Market-Based | 1,144a | 847b |
Location-Based | 1,288a | 901b |
Total Scope 3 | 20,576a | 31,431b |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.149a | 1.1492b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Schrodinger amounted to 1,734 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 Schrodinger increased by 50.78%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Schrodinger were 446 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Schrodinger's Scope 1 emissions increased by 79.12%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Schrodinger reported Scope 2 greenhouse gas (GHG) emissions of 1,144 tCO₂e using the market-based method and 1,288 tCO₂e using the location-based method.a
Compared to the previous year (2023), Schrodinger's Scope 2 emissions (Location-Based) rose by 42.95% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
In 2024, Schrodinger reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Schrodinger reported 20,576 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 Schrodinger includes a breakdown across 5 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, Schrodinger reported total Scope 3 emissions of 20,576 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 15.52% of these emissions originated from upstream activities such as purchased goods and capital goods, while 84.48% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Schrodinger's Scope 3 emissions decreased by 34.54%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Schrodinger reported emissions for 5 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.
In 2024, the largest contributors to Schrodinger's Scope 3 emissions were:a
In 2024, Schrodinger reported Scope 1 greenhouse gas (GHG) emissions of 446 tCO₂e and total revenues of USD 208 millions. This translates into an emissions intensity of 2.15 tCO₂e per millions USD.a
In 2024, Schrodinger reported a Scope 1 emissions intensity of 2.15 tCO₂e per millions USD. Compared to the peer group median of 0.64, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Schrodinger ranked 11 out of 17 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Schrodinger is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Schrodinger reported a total carbon footprint of 22,310 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 31.52% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Schrodinger's total carbon footprint was Scope 3 emissions, accounting for 92.23% of the company's total carbon footprint, followed by Scope 2 emissions at 5.77%.a