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Scorpio Tankers Inc
Scorpio Tankers's GHG Emissions Data Preview
In 2024, Scorpio Tankers 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).
Scorpio Tankers has also provided a category-level breakdown for 8 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.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | 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.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | 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.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Scorpio Tankers’s Greenhouse Gas (GHG) Emissions Data
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Insights into Scorpio Tankers's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofScorpio Tankers amounted to1,836,121metric 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 Scorpio Tankersdecreased by 22.29%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Scorpio Tankers's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Scorpio Tankers's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Scorpio Tankers were 1,835,650 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Scorpio Tankers reduced its Scope 1 emissions over time?
Since 2022, Scorpio Tankers's Scope 1 emissions have decreased by 21.21%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), Scorpio Tankers's Scope 1 emissions decreased by 22.3%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Scorpio Tankers's Scope 2 emissions?
In 2024, Scorpio Tankers reported Scope 2 greenhouse gas (GHG) emissions of 493 tCOâ‚‚e using the market-based method and 471 tCOâ‚‚e using the location-based method.a
What methodology does Scorpio Tankers use for Scope 2 reporting?
In 2024, Scorpio Tankers reported its Scope 2 emissions using the market-based method and using the location-based method.a
Scorpio Tankers's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Scorpio Tankers's Value Chain Emissions
In 2024, Scorpio Tankers reported 478,592 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 Scorpio Tankers includes a breakdown across 8of the 15 Scope 3 categories defined by the GHG Protocol,up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
Scorpio Tankers's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Scorpio Tankers's Scope 3 emissions?
In 2024, Scorpio Tankers reported total Scope 3 emissions of 478,592 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 19.89%of these emissions originated from upstream activities such as purchased goods and capital goods, while 80.11%came from downstream activities like product use, distribution, and end-of-life treatment.a
What categories of Scope 3 emissions does Scorpio Tankers disclose?
In 2024, Scorpio Tankers 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 Scorpio Tankers's Scope 3 emissions?
In 2024, the largest contributors to Scorpio Tankers's Scope 3 emissions were:a
- Downstream Leased Assets (Cat. 13): 383,409 tCOâ‚‚e(80.11%)
- Purchased Goods and Services (Cat. 1): 72,930 tCOâ‚‚e(15.24%)
- Capital Goods (Cat. 2): 17,822 tCOâ‚‚e(3.72%)
Scorpio Tankers's Scope 3 Emissions by Categories
Insights into Scorpio Tankers’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Scorpio Tankers reported Scope 1 greenhouse gas (GHG) emissions of 1,835,650 tCOâ‚‚e and total revenues of USD 1,244 millions. This translates into an emissions intensity of 1,475.66 tCOâ‚‚e per millions USD.a
Scorpio Tankers's Scope 1 Emissions Intensity Compared to Peers
How does Scorpio Tankers's GHG emissions intensity compare to its peers?
In 2024, Scorpio Tankers reported a Scope 1 emissions intensity of 1,475.66 tCOâ‚‚e per millions USD. Compared to the peer group median of 680.32, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Scorpio Tankers rank on GHG emissions intensity within its industry?
In 2024, Scorpio Tankers ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Scorpio Tankers is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Scorpio Tankers's Total Carbon Footprint
In 2024, Scorpio Tankers reported a total carbon footprint of 2,314,713 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.04% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Scorpio Tankers's total carbon footprint was Scope 1 emissions, accounting for 79.3% of the company's total carbon footprint, followed by Scope 3 emissions at 20.68%.a