Serco Group PLC

Common Name
Serco Group
Country
United Kingdom
Sector
Industrials
Industry
Specialty Business Services
Employees
50,000
Ticker
SRP
Exchange
LONDON STOCK EXCHANGE
Description
Serco Group PLC is a multinational service company that specializes in delivering essential public services across various sectors. Its primary function is to provide outsourced services to government...

Serco Group's GHG Emissions Data Preview

In 2023, 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)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Serco Group’s Greenhouse Gas (GHG) Emissions Data

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a. Serco Group's ESG Data Spreadsheet 2023
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Insights into Serco Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Serco Group amounted to 30,676 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 2022, the total operational greenhouse gas (GHG) emissions of Serco Group decreased by 15.26%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Serco Group's Scope 1 Emissions Over Time

20192020202120222023050 k100 k150 k200 ktCO2e-9%0%-84%-10%
  • Total Scope 1
  • Year-over-Year Change

What are Serco Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Serco Group were 24,033 metric tons of CO₂ equivalent (tCO₂e). a

Has Serco Group reduced its Scope 1 emissions over time?

Since 2019, Serco Group's Scope 1 emissions have decreased by 86.75%, reflecting a declining long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Serco Group's Scope 1 emissions decreased by 9.53%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Serco Group's Scope 2 emissions?

In 2023, Serco Group reported Scope 2 greenhouse gas (GHG) emissions of 3,993 tCO₂e using the market-based method and 6,643 tCO₂e using the location-based method. a

Has Serco Group reduced its Scope 2 emissions over time?

Since 2019, Serco Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 92.23%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Serco Group's Scope 2 emissions (Location-Based) fell by 31.05% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Serco Group use for Scope 2 reporting?

In 2023, Serco Group reported its Scope 2 emissions using the market-based method and using the location-based method. a

Serco Group's Scope 2 Emissions Over Time

20192020202120222023025 k50 k75 k100 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Serco Group's Value Chain Emissions

In 2023, Serco Group reported 1,761,919 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 2023 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 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Serco Group's Scope 3 Emissions Over Time

201920202021202220230450 k900 k1.35 M1.8 MtCO2e+4%+15%+546%+9%
  • Total Scope 3
  • Year-over-Year Change

What are Serco Group's Scope 3 emissions?

In 2023, Serco Group reported total Scope 3 emissions of 1,761,919 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

Has Serco Group reduced its Scope 3 emissions over time?

Since 2019, Serco Group's Scope 3 emissions have increased by 736.15%, reflecting a rising long-term trend in Scope 3 emissions over time. a

Compared to the previous year (2022), 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

What categories of Scope 3 emissions does Serco Group disclose?

In 2023, 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.

What are the main sources of Serco Group's Scope 3 emissions?

In 2023, the largest contributors to Serco Group's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 811,696 tCO₂e (46.07%)
  • Other/Unspecified Sources: 660,322 tCO₂e (37.48%)
  • Fuel- and Energy-Related Services (Cat. 3): 200,461 tCO₂e (11.38%)

Serco Group's Scope 3 Emissions by Categories

Other/UnspecifiedSources(37.5%)Fuel- andEnergy-RelatedServices (Cat. 3)(11.4%)Purchased Goods andServices (Cat. 1)(46.1%)

Insights into Serco Group's Total Carbon Footprint

In 2023, Serco Group reported a total carbon footprint of 1,792,595 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.04% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Serco Group's total carbon footprint was Scope 3 emissions, accounting for 98.29% of the company's total carbon footprint, followed by Scope 1 emissions at 1.34%. a

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