In 2024, Serco Group 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).
Serco Group 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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 24,731a | 26,636a | 29,381a | |
Total Scope 2 | ||||
Market-Based | 0a | 4,066a | 7,866a | |
Location-Based | 12,064a | 12,713a | 15,704a | |
Total Scope 3 | 746,305a | 761,971a | 759,602a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 4.1166a | 4.2918a | 5.3749a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Serco Group amounted to 36,795 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 Serco Group decreased by 6.49%, 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 Serco Group were 24,731 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Serco Group's Scope 1 emissions have decreased by 86.37%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Serco Group's Scope 1 emissions decreased by 7.15%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Serco Group reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 12,064 tCO₂e using the location-based method.a
Since 2019, Serco Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 85.89%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Serco Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Serco Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Serco Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Serco Group reported 746,305 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 Serco Group includes a breakdown across 8 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, Serco Group reported total Scope 3 emissions of 746,305 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Serco Group's Scope 3 emissions have increased by 254.17%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Serco Group's Scope 3 emissions remained relatively stable, indicating that Serco Group's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Serco Group 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.
In 2024, the largest contributors to Serco Group's Scope 3 emissions were:a
In 2024, Serco Group reported Scope 1 greenhouse gas (GHG) emissions of 24,731 tCO₂e and total revenues of USD 6,008 millions. This translates into an emissions intensity of 4.12 tCO₂e per millions USD.a
In 2024, Serco Group reported a Scope 1 emissions intensity of 4.12 tCO₂e per millions USD. Compared to the peer group median of 2.03, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Serco Group ranked 13 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Serco Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Serco Group reported a total carbon footprint of 783,100 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.27% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Serco Group's total carbon footprint was Scope 3 emissions, accounting for 95.3% of the company's total carbon footprint, followed by Scope 1 emissions at 3.16%.a