In 2024, Sky 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).
Sky 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 | 21,000a | 24,000a | 29,000a | |
Total Scope 2 | ||||
Market-Based | 10,000a | 10,000a | 11,000a | |
Location-Based | 57,000a | 59,000a | 54,000a | |
Total Scope 3 | 1,554,000a | 2,150,000a | 2,420,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 50.5567a | 58.1703a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Sky amounted to 78,000 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 Sky decreased by 6.02%, 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 Sky were 21,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2022, Sky's Scope 1 emissions have decreased by 27.59%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Sky's Scope 1 emissions decreased by 12.5%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Sky reported Scope 2 greenhouse gas (GHG) emissions of 10,000 tCO₂e using the market-based method and 57,000 tCO₂e using the location-based method.a
Since 2022, Sky's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Sky's emissions have plateaued with no significant change in its energy consumption footprint.a
Compared to the previous year (2023), Sky's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Sky's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Sky reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Sky reported 1,554,000 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 Sky 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, Sky reported total Scope 3 emissions of 1,554,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 53.93% of these emissions originated from upstream activities such as purchased goods and capital goods, while 46.07% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2022, Sky's Scope 3 emissions have decreased by 35.79%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Sky's Scope 3 emissions decreased by 27.72%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Sky 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 Sky's Scope 3 emissions were:a
In 2024, Sky reported Scope 1 greenhouse gas (GHG) emissions of 21,000 tCO₂e and total revenues of USD 415 millions. This translates into an emissions intensity of 50.56 tCO₂e per millions USD.a
In 2024, Sky reported a Scope 1 emissions intensity of 50.56 tCO₂e per millions USD. Compared to the peer group median of 1.44, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Sky ranked 24 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Sky among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Sky reported a total carbon footprint of 1,632,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 26.91% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Sky's total carbon footprint was Scope 3 emissions, accounting for 95.22% of the company's total carbon footprint, followed by Scope 2 emissions at 3.49%.a