In 2023, Sobha 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) and Scope 2 (indirect emissions from purchased energy).
However, Sobha has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 |
|---|---|---|
Total Scope 1 | 1,108.6a | 826.9a |
Total Scope 2 | ||
Unspecified Calculation Method | 16,257.15a | 16,215a |
Total Scope 3 | N/A | N/A |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.7497a | 2.4536a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Sobha amounted to 17,365.75 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 Sobha increased by 1.9%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Sobha were 1,108.6 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2022), Sobha's Scope 1 emissions increased by 34.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2023, Sobha reported Scope 2 greenhouse gas (GHG) emissions of 16,257.15 tCO₂e without specifying the calculation method.a
Compared to the previous year (2022), Sobha's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Sobha's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, Sobha reported its Scope 2 emissions using an unspecified methodology.a
In 2023, Sobha reported Scope 1 greenhouse gas (GHG) emissions of 1,108.6 tCO₂e and total revenues of USD 403 millions. This translates into an emissions intensity of 2.75 tCO₂e per millions USD.a
In 2023, Sobha reported a Scope 1 emissions intensity of 2.75 tCO₂e per millions USD. Compared to the peer group median of 2.86, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Sobha ranked 13 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Sobha is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a