In 2024, Siam Cement 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).
Siam Cement has also provided a category-level breakdown for 15 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 | 22,869,440a | 24,329,050a | 27,236,390a | |
Total Scope 2 | ||||
Market-Based | 2,610,166a | 2,754,817a | 2,880,408a | |
Location-Based | 2,860,118a | 2,935,118a | 3,106,463a | |
Total Scope 3 | 10,695,208a | 10,606,251a | 10,014,394a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1,536.1201a | 1,676.4862a | 1,655.8661a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Siam Cement amounted to 25,729,558 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 Siam Cement decreased by 5.63%, 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 Siam Cement were 22,869,440 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Siam Cement's Scope 1 emissions have decreased by 26.22%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Siam Cement's Scope 1 emissions decreased by 6%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Siam Cement reported Scope 2 greenhouse gas (GHG) emissions of 2,610,166 tCO₂e using the market-based method and 2,860,118 tCO₂e using the location-based method.a
Since 2020, Siam Cement's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 15.59%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Siam Cement's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Siam Cement's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Siam Cement reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Siam Cement reported 10,695,208 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 Siam Cement includes a breakdown across 15 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, Siam Cement reported total Scope 3 emissions of 10,695,208 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 81.91% of these emissions originated from upstream activities such as purchased goods and capital goods, while 18.09% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Siam Cement's Scope 3 emissions remained relatively stable, indicating that Siam Cement's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Siam Cement reported emissions for 15 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 Siam Cement's Scope 3 emissions were:a
In 2024, Siam Cement reported Scope 1 greenhouse gas (GHG) emissions of 22,869,440 tCO₂e and total revenues of USD 14,888 millions. This translates into an emissions intensity of 1,536.12 tCO₂e per millions USD.a
In 2024, Siam Cement reported a Scope 1 emissions intensity of 1,536.12 tCO₂e per millions USD. Compared to the peer group median of 34.33, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Siam Cement ranked 25 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Siam Cement among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Siam Cement reported a total carbon footprint of 36,424,766 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.82% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Siam Cement's total carbon footprint was Scope 1 emissions, accounting for 62.79% of the company's total carbon footprint, followed by Scope 3 emissions at 29.36%.a