In 2024, SFS 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).
SFS Group has also provided a category-level breakdown for 10 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 | 26,749.1a | 27,443.3a | 27,166a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 26,950.2a | 60,361.8a | 67,828a | |
Total Scope 3 | 1,029,761.4a | 1,086,312.2a | 620,184.8a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 7.9415a | 7.4712a | 9.1023a |
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In 2024, the total operational greenhouse gas (GHG) emissions of SFS Group amounted to 53,699.3 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 SFS Group decreased by 38.84%, 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 SFS Group were 26,749.1 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, SFS Group's Scope 1 emissions have increased by 55%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), SFS Group's Scope 1 emissions decreased by 2.53%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, SFS Group reported Scope 2 greenhouse gas (GHG) emissions of 26,950.2 tCO₂e without specifying the calculation method.a
Since 2019, SFS Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 69.36%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), SFS Group's Scope 2 emissions (Unspecified Calculation Method) fell by 55.35% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, SFS Group reported its Scope 2 emissions using an unspecified methodology.a
In 2024, SFS Group reported 1,029,761.4 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 SFS Group includes a breakdown across 10 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, SFS Group reported total Scope 3 emissions of 1,029,761.4 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 95.11% of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.89% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, SFS Group's Scope 3 emissions have increased by 1,976.63%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), SFS Group's Scope 3 emissions remained relatively stable, indicating that SFS Group's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, SFS Group reported emissions for 10 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 SFS Group's Scope 3 emissions were:a
In 2024, SFS Group reported Scope 1 greenhouse gas (GHG) emissions of 26,749.1 tCO₂e and total revenues of USD 3,368 millions. This translates into an emissions intensity of 7.94 tCO₂e per millions USD.a
In 2024, SFS Group reported a Scope 1 emissions intensity of 7.94 tCO₂e per millions USD. Compared to the peer group median of 7.62, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, SFS Group ranked 14 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
SFS Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, SFS Group reported a total carbon footprint of 1,083,460.7 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.72% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to SFS Group's total carbon footprint was Scope 3 emissions, accounting for 95.04% of the company's total carbon footprint, followed by Scope 2 emissions at 2.49%.a