In 2024, Smithfield Foods 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).
However, Smithfield Foods has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,179,135a | 2,345,844a | 2,867,862a | |
Total Scope 2 | ||||
Unspecified Calculation Method | 604,586a | 585,718a | 664,418a | |
Total Scope 3 | 22,800,000a | 23,000,000a | 24,300,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 154.0896a | 160.2352a | 177.0394a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Smithfield Foods amounted to 2,783,721 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 Smithfield Foods decreased by 5.04%, 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 Smithfield Foods were 2,179,135 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Smithfield Foods's Scope 1 emissions have decreased by 26.95%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Smithfield Foods's Scope 1 emissions decreased by 7.11%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Smithfield Foods reported Scope 2 greenhouse gas (GHG) emissions of 604,586 tCO₂e without specifying the calculation method.a
Since 2020, Smithfield Foods's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 18.02%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Smithfield Foods's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Smithfield Foods's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Smithfield Foods reported its Scope 2 emissions using an unspecified methodology.a
In 2024, Smithfield Foods reported 22,800,000 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 Smithfield Foods includes a breakdown across 0 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, Smithfield Foods reported total Scope 3 emissions of 22,800,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Smithfield Foods's Scope 3 emissionshave remained relatively stable, indicating that Smithfield Foods's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), Smithfield Foods's Scope 3 emissions remained relatively stable, indicating that Smithfield Foods's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Smithfield Foods reported Scope 1 greenhouse gas (GHG) emissions of 2,179,135 tCO₂e and total revenues of USD 14,142 millions. This translates into an emissions intensity of 154.09 tCO₂e per millions USD.a
In 2024, Smithfield Foods reported a Scope 1 emissions intensity of 154.09 tCO₂e per millions USD. Compared to the peer group median of 40.7, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Smithfield Foods ranked 21 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Smithfield Foods among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Smithfield Foods reported a total carbon footprint of 25,583,721 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1.34% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Smithfield Foods's total carbon footprint was Scope 3 emissions, accounting for 89.12% of the company's total carbon footprint, followed by Scope 1 emissions at 8.52%.a