In 2023, Snap 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).
Snap has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 9,822a | 5,960a | 4,106a | |
Total Scope 2 | ||||
Market-Based | 961a | 259a | 160a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | 239,009a | 267,998a | 180,924a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.1324a | 1.2951a | 0.9973a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Snap amounted to 10,783 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 2022, the total operational greenhouse gas (GHG) emissions of Snap increased by 73.39%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Snap were 9,822 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Snap's Scope 1 emissions have increased by 110.95%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Snap's Scope 1 emissions increased by 64.8%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Snap reported Scope 2 greenhouse gas (GHG) emissions of 961 tCO₂e using the market-based method.a
Since 2019, Snap's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 77.57%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), Snap's Scope 2 emissions (Market-Based) rose by 271.04% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2023, Snap reported its Scope 2 emissions using the market-based method.a
In 2023, Snap reported 239,009 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 2023 disclosure of Snap includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2023, Snap reported total Scope 3 emissions of 239,009 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 77.53% of these emissions originated from upstream activities such as purchased goods and capital goods, while 22.47% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Snap's Scope 3 emissions have increased by 91.63%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2022), Snap's Scope 3 emissions decreased by 10.82%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2023, Snap reported emissions for 11 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 2023, the largest contributors to Snap's Scope 3 emissions were:a
In 2023, Snap reported Scope 1 greenhouse gas (GHG) emissions of 9,822 tCO₂e and total revenues of USD 4,606 millions. This translates into an emissions intensity of 2.13 tCO₂e per millions USD.a
In 2023, Snap reported a Scope 1 emissions intensity of 2.13 tCO₂e per millions USD. Compared to the peer group median of 0.2, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2023, Snap ranked 23 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Snap among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2023, Snap reported a total carbon footprint of 249,792 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.91% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Snap's total carbon footprint was Scope 3 emissions, accounting for 95.68% of the company's total carbon footprint, followed by Scope 1 emissions at 3.93%.a