In 2024, SKC 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).
SKC 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 | 457,430a | 343,870a | 518,972a | |
Total Scope 2 | ||||
Location-Based | 328,235a | 263,823a | 412,507a | |
Total Scope 3 | 1,430,872a | 1,044,501a | 2,499,790a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 389.8944a | 279.7456a | 274.0409a |
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In 2024, the total operational greenhouse gas (GHG) emissions of SKC amounted to 785,665 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 SKC increased by 29.29%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of SKC were 457,430 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, SKC's Scope 1 emissions have decreased by 24.66%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), SKC's Scope 1 emissions increased by 33.02%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, SKC reported Scope 2 greenhouse gas (GHG) emissions of 328,235 tCO₂e using the location-based method.a
Since 2021, SKC's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 34.73%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), SKC's Scope 2 emissions (Location-Based) rose by 24.41% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, SKC reported its Scope 2 emissions using the location-based method.a
In 2024, SKC reported 1,430,872 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 SKC 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, SKC reported total Scope 3 emissions of 1,430,872 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
Compared to the previous year (2023), SKC's Scope 3 emissions increased by 36.99%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, SKC 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 SKC's Scope 3 emissions were:a
In 2024, SKC reported Scope 1 greenhouse gas (GHG) emissions of 457,430 tCO₂e and total revenues of USD 1,173 millions. This translates into an emissions intensity of 389.89 tCO₂e per millions USD.a
In 2024, SKC reported a Scope 1 emissions intensity of 389.89 tCO₂e per millions USD. Compared to the peer group median of 54.95, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, SKC ranked 21 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places SKC among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, SKC reported a total carbon footprint of 2,216,537 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 34.16% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to SKC's total carbon footprint was Scope 3 emissions, accounting for 64.55% of the company's total carbon footprint, followed by Scope 1 emissions at 20.64%.a