In 2024, Sofina 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).
Sofina has also provided a category-level breakdown for 1 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 | 158a | 216a | 190.94b | |
Total Scope 2 | ||||
Market-Based | 25a | 15a | 13c | |
Location-Based | 65a | 55a | 67c | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 2,328a | 838a | 619c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.1067a | N/A | N/A |
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In 2024, the total operational greenhouse gas (GHG) emissions of Sofina amounted to 223 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 Sofina decreased by 17.71%, 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 Sofina were 158 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Sofina's Scope 1 emissions have decreased by 18.01%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Sofina's Scope 1 emissions decreased by 26.85%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Sofina reported Scope 2 greenhouse gas (GHG) emissions of 25 tCO₂e using the market-based method and 65 tCO₂e using the location-based method.a
Compared to the previous year (2023), Sofina's Scope 2 emissions (Location-Based) rose by 18.18% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Sofina reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Sofina reported 2,328 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 Sofina includes a breakdown across 1 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, Sofina reported total Scope 3 emissions of 2,328 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Sofina's Scope 3 emissions have increased by 2,551.48%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Sofina's Scope 3 emissions increased by 177.8%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Sofina reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Sofina's Scope 3 emissions were:a
In 2024, Sofina reported Scope 1 greenhouse gas (GHG) emissions of 158 tCO₂e and total revenues of USD 1,481 millions. This translates into an emissions intensity of 0.11 tCO₂e per millions USD.a
In 2024, Sofina reported a Scope 1 emissions intensity of 0.11 tCO₂e per millions USD. Compared to the peer group median of 0.22, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Sofina ranked 8 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Sofina is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Sofina reported a total carbon footprint of 2,551 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 130.03% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Sofina's total carbon footprint was Scope 3 emissions, accounting for 91.26% of the company's total carbon footprint, followed by Scope 1 emissions at 6.19%.a