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SMA Solar Technology AG

Common Name
SMA Solar Technology
Country
Germany
Sector
Technology
Industry
Solar
Employees
3,718
Ticker
S92
Exchange
XETRA
Website
www.sma.de
Description
SMA Solar Technology AG is a leading company in the renewable energy sector, specializing in the development and production of solar inverters for photovoltaic systems. Inverters are critical componen...

SMA Solar Technology's GHG Emissions Data Preview

In 2024, SMA Solar Technology 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).

SMA Solar Technology 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)2024202320222021 - 2017
Total Scope 1
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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0000000
Total Scope 3
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a
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a
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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Verified Sources Behind SMA Solar Technology’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore SMA Solar Technology’s data sources below and access millions more through our Disclosure Search.

a. SMA Solar Technology's Annual Report 2024
a. SMA Solar Technology's Annual Report 2024

Insights into SMA Solar Technology's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSMA Solar Technology amounted to12,269metric 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 SMA Solar Technologydecreased by 3.72%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

SMA Solar Technology's Scope 1 Emissions Over Time

20222023202407501.5 k2.25 k3 ktCO2e+13%+4%
  • Total Scope 1
  • Year-over-Year Change

What are SMA Solar Technology's Scope 1 emissions?

In 2024, the total Scope 1 emissions of SMA Solar Technology were 2,937 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has SMA Solar Technology reduced its Scope 1 emissions over time?

Since 2022, SMA Solar Technology's Scope 1 emissions have increased by 17.34%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), SMA Solar Technology's Scope 1 emissions increased by 3.96%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are SMA Solar Technology's Scope 2 emissions?

In 2024, SMA Solar Technology reported Scope 2 greenhouse gas (GHG) emissions of 135 tCOâ‚‚e using the market-based method and 9,332 tCOâ‚‚e using the location-based method.a

Has SMA Solar Technology reduced its Scope 2 emissions over time?

Compared to the previous year(2023), SMA Solar Technology's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that SMA Solar Technology's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does SMA Solar Technology use for Scope 2 reporting?

In 2024, SMA Solar Technology reported its Scope 2 emissions using the market-based method and using the location-based method.a

SMA Solar Technology's Scope 2 Emissions Over Time

20222023202402.5 k5 k7.5 k10 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into SMA Solar Technology's Value Chain Emissions

In 2024, SMA Solar Technology reported 721,970 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of SMA Solar Technology includes a breakdown across 5of 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

SMA Solar Technology's Scope 3 Emissions Over Time

202320240200 k400 k600 k800 ktCO2e-8%
  • Total Scope 3
  • Year-over-Year Change

What are SMA Solar Technology's Scope 3 emissions?

In 2024, SMA Solar Technology reported total Scope 3 emissions of 721,970 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 88.75%of these emissions originated from upstream activities such as purchased goods and capital goods, while 11.25%came from downstream activities like product use, distribution, and end-of-life treatment.a

Compared to the previous year (2023), SMA Solar Technology's Scope 3 emissions remained relatively stable, indicating that SMA Solar Technology's emissions have plateaued with no significant change in its value chain footprint.a

What categories of Scope 3 emissions does SMA Solar Technology disclose?

In 2024, SMA Solar Technology 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.

What are the main sources of SMA Solar Technology's Scope 3 emissions?

In 2024, the largest contributors to SMA Solar Technology's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 582,580 tCOâ‚‚e(80.69%)
  • Use of Sold Products (Cat. 11): 75,988 tCOâ‚‚e(10.53%)
  • Upstream Transportation and Distribution (Cat. 4): 46,746 tCOâ‚‚e(6.47%)

SMA Solar Technology's Scope 3 Emissions by Categories

UpstreamTransportation andDistribution(Cat. 4)(6.5%)Use of Sold Products(Cat. 11)(10.5%)Purchased Goods andServices (Cat. 1)(80.7%)

Insights into SMA Solar Technology’s GHG Emissions Intensity Compared to Industry Peers

In 2024, SMA Solar Technology reported Scope 1 greenhouse gas (GHG) emissions of 2,937 tCOâ‚‚e and total revenues of USD 1,592 millions. This translates into an emissions intensity of 1.84 tCOâ‚‚e per millions USD.a

SMA Solar Technology's Scope 1 Emissions Intensity Compared to Peers

1002,00050,0001,000,00020,000,000Scope 1 Emissions (tCO2e)5505005,00020,000Revenues (Millions of USD)SXTrina SolarYear: 2024Scope 1: 79,400 tCO2eRevenue: $M 11,000Scope 1 Intensity: 7.22 tCO2e/$MGCL Technology HoldingsYear: 2024Scope 1: 3,423,445 tCO2eRevenue: $M 2,252Scope 1 Intensity: 1,520.19 tCO2e/$MShanghai Aiko Solar EnergyYear: 2024Scope 1: 1,807 tCO2eRevenue: $M 1,528Scope 1 Intensity: 1.18 tCO2e/$MLenovo ComputerYear: 2024Scope 1: 308 tCO2eRevenue: $M 807Scope 1 Intensity: 0.38 tCO2e/$MSUSS MicroTecYear: 2024Scope 1: 1,083 tCO2eRevenue: $M 464Scope 1 Intensity: 2.33 tCO2e/$MGCL SIYear: 2024Scope 1: 1,296 tCO2eRevenue: $M 2,225Scope 1 Intensity: 0.58 tCO2e/$MCanadian SolarYear: 2024Scope 1: 16,864 tCO2eRevenue: $M 5,993Scope 1 Intensity: 2.81 tCO2e/$MSolaredge TechnologiesYear: 2023Scope 1: 9,895 tCO2eRevenue: $M 2,977Scope 1 Intensity: 3.32 tCO2e/$MTongweiYear: 2024Scope 1: 2,312,906 tCO2eRevenue: $M 12,605Scope 1 Intensity: 183.49 tCO2e/$MJinko SolarYear: 2024Scope 1: 138,400 tCO2eRevenue: $M 12,671Scope 1 Intensity: 10.92 tCO2e/$MSoltec Power HoldingsYear: 2024Scope 1: 3,838 tCO2eRevenue: $M 340Scope 1 Intensity: 11.30 tCO2e/$MMeyer Burger TechnologyYear: 2023Scope 1: 305 tCO2eRevenue: $M 161Scope 1 Intensity: 1.90 tCO2e/$MFlat Glass GroupYear: 2024Scope 1: 4,547,423 tCO2eRevenue: $M 2,560Scope 1 Intensity: 1,776.39 tCO2e/$MHanwha SolutionsYear: 2024Scope 1: 1,778,449 tCO2eRevenue: $M 8,446Scope 1 Intensity: 210.56 tCO2e/$MSSSoltech Energy SwedenYear: 2024Scope 1: 3,262 tCO2eRevenue: $M 218Scope 1 Intensity: 14.94 tCO2e/$MJenoptikYear: 2024Scope 1: 2,496 tCO2eRevenue: $M 1,161Scope 1 Intensity: 2.15 tCO2e/$MGoldwinYear: 2023Scope 1: 312 tCO2eRevenue: $M 7Scope 1 Intensity: 46.10 tCO2e/$MNextpowerYear: 2025Scope 1: 293 tCO2eRevenue: $M 2,960Scope 1 Intensity: 0.10 tCO2e/$MFirst SolarYear: 2024Scope 1: 16,593 tCO2eRevenue: $M 4,206Scope 1 Intensity: 3.94 tCO2e/$MXXXinte EnergyYear: 2024Scope 1: 4,822,141 tCO2eRevenue: $M 3,179Scope 1 Intensity: 1,516.88 tCO2e/$MRisen EnergyYear: 2024Scope 1: 38,352 tCO2eRevenue: $M 2,773Scope 1 Intensity: 13.83 tCO2e/$MXinyi Solar HoldingsYear: 2024Scope 1: 5,432,651 tCO2eRevenue: $M 3,073Scope 1 Intensity: 1,768.00 tCO2e/$MSMA Solar TechnologyYear: 2024Scope 1: 2,937 tCO2eRevenue: $M 1,592Scope 1 Intensity: 1.84 tCO2e/$M

How does SMA Solar Technology's GHG emissions intensity compare to its peers?

In 2024, SMA Solar Technology reported a Scope 1 emissions intensity of 1.84 tCOâ‚‚e per millions USD. Compared to the peer group median of 9.07, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does SMA Solar Technology rank on GHG emissions intensity within its industry?

In 2024, SMA Solar Technology ranked 5 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

This places SMA Solar Technology among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into SMA Solar Technology's Total Carbon Footprint

In 2024, SMA Solar Technology reported a total carbon footprint of 734,239 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.33% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to SMA Solar Technology's total carbon footprint was Scope 3 emissions, accounting for 98.33% of the company's total carbon footprint, followed by Scope 2 emissions at 1.27%.a

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