In 2024, SM Investments 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).
SM Investments has also provided a category-level breakdown for 5 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 | 821,867.22a | 441,689.81a | 411,060b | |
Total Scope 2 | ||||
Market-Based | 1,143,449a | N/A | N/A | |
Location-Based | 1,450,493.83a | 1,417,978.24a | N/A | |
Unspecified Calculation Method | N/A | N/A | 1,354,080b | |
Total Scope 3 | 2,916,043.51a | 735,710.71a | 834,000c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 72.8385a | 39.6462a | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of SM Investments amounted to 2,272,361.05 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 SM Investments increased by 22.19%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of SM Investments were 821,867.22 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, SM Investments's Scope 1 emissions have increased by 84.86%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), SM Investments's Scope 1 emissions increased by 86.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, SM Investments reported Scope 2 greenhouse gas (GHG) emissions of 1,143,449 tCO₂e using the market-based method and 1,450,493.83 tCO₂e using the location-based method.a
Compared to the previous year (2023), SM Investments's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that SM Investments's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, SM Investments reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, SM Investments reported 2,916,043.51 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 SM Investments includes a breakdown across 5 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, SM Investments reported total Scope 3 emissions of 2,916,043.51 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 1.2% of these emissions originated from upstream activities such as purchased goods and capital goods, while 98.8% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, SM Investments's Scope 3 emissions have increased by 441.81%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), SM Investments's Scope 3 emissions increased by 296.36%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, SM Investments reported emissions for 5 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 SM Investments's Scope 3 emissions were:a
In 2024, SM Investments reported Scope 1 greenhouse gas (GHG) emissions of 821,867.22 tCO₂e and total revenues of USD 11,283 millions. This translates into an emissions intensity of 72.84 tCO₂e per millions USD.a
In 2024, SM Investments reported a Scope 1 emissions intensity of 72.84 tCO₂e per millions USD. Compared to the peer group median of 20.42, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, SM Investments ranked 16 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places SM Investments among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, SM Investments reported a total carbon footprint of 5,188,404.56 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 99.91% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to SM Investments's total carbon footprint was Scope 3 emissions, accounting for 56.2% of the company's total carbon footprint, followed by Scope 2 emissions at 27.96%.a