In 2024, Seagate Technology Holdings 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).
Seagate Technology Holdings has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 274,114a | 279,920b | 326,718d | |
Total Scope 2 | ||||
Market-Based | 259,663a | 255,711b | 288,613d | |
Location-Based | 702,420a | 651,054b | 721,566d | |
Total Scope 3 | 4,486,700a | 5,086,400c | 7,026,500d | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 41.8431a | 37.909b | 28.018d |
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In 2024, the total operational greenhouse gas (GHG) emissions of Seagate Technology Holdings amounted to 976,534 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 Seagate Technology Holdings increased by 4.89%, suggesting that the company faced challenges in reducing its emissions from its core operations.ab
In 2024, the total Scope 1 emissions of Seagate Technology Holdings were 274,114 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Seagate Technology Holdings's Scope 1 emissions decreased by 2.07%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, Seagate Technology Holdings reported Scope 2 greenhouse gas (GHG) emissions of 259,663 tCO₂e using the market-based method and 702,420 tCO₂e using the location-based method.a
Compared to the previous year (2023), Seagate Technology Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Seagate Technology Holdings's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2024, Seagate Technology Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Seagate Technology Holdings reported 4,486,700 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 Seagate Technology Holdings includes a breakdown across 12 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, Seagate Technology Holdings reported total Scope 3 emissions of 4,486,700 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 23.91% of these emissions originated from upstream activities such as purchased goods and capital goods, while 76.09% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Seagate Technology Holdings's Scope 3 emissions have decreased by 51.74%, reflecting a declining long-term trend in Scope 3 emissions over time.ae
Compared to the previous year (2023), Seagate Technology Holdings's Scope 3 emissions decreased by 11.79%, highlighting the company's efforts to lower indirect emissions from its value chain.ac
In 2024, Seagate Technology Holdings reported emissions for 12 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 Seagate Technology Holdings's Scope 3 emissions were:a
In 2024, Seagate Technology Holdings reported Scope 1 greenhouse gas (GHG) emissions of 274,114 tCO₂e and total revenues of USD 6,551 millions. This translates into an emissions intensity of 41.84 tCO₂e per millions USD.a
In 2024, Seagate Technology Holdings reported a Scope 1 emissions intensity of 41.84 tCO₂e per millions USD. Compared to the peer group median of 0.38, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Seagate Technology Holdings ranked 24 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Seagate Technology Holdings among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Seagate Technology Holdings reported a total carbon footprint of 5,463,234 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.21% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.abc
The largest contributor to Seagate Technology Holdings's total carbon footprint was Scope 3 emissions, accounting for 82.13% of the company's total carbon footprint, followed by Scope 2 emissions at 12.86%.a