SOL SpA
SOL's GHG Emissions Data Preview
In 2024, SOL 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).
SOL has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind SOL’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 SOL’s data sources below and access millions more through our Disclosure Search.
Insights into SOL's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of SOL amounted to 303,844 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 SOL increased by 3.08%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
SOL's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are SOL's Scope 1 emissions?
In 2024, the total Scope 1 emissions of SOL were 59,050 metric tons of CO₂ equivalent (tCO₂e). a
Has SOL reduced its Scope 1 emissions over time?
Since 2019, SOL's Scope 1 emissions have increased by 41.29%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), SOL's Scope 1 emissions decreased by 3.73%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b
What are SOL's Scope 2 emissions?
In 2024, SOL reported Scope 2 greenhouse gas (GHG) emissions of 253,134 tCO₂e using the market-based method and 244,794 tCO₂e using the location-based method. a
Has SOL reduced its Scope 2 emissions over time?
Since 2019, SOL's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 26.22%, reflecting a rising long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2023), SOL's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that SOL 's emissions have plateaued with no significant change in its energy consumption footprint. a b
What methodology does SOL use for Scope 2 reporting?
In 2024, SOL reported its Scope 2 emissions using the market-based method and using the location-based method. a
SOL's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into SOL's Value Chain Emissions
In 2024, SOL reported 2,237,829 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 SOL includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, up from 7 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
SOL's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are SOL's Scope 3 emissions?
In 2024, SOL reported total Scope 3 emissions of 2,237,829 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 31.62% of these emissions originated from upstream activities such as purchased goods and capital goods, while 68.38% came from downstream activities like product use, distribution, and end-of-life treatment. a
Compared to the previous year (2023), SOL's Scope 3 emissions remained relatively stable, indicating that SOL 's emissions have plateaued with no significant change in its value chain footprint. a b
What categories of Scope 3 emissions does SOL disclose?
In 2024, SOL reported emissions for 8 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 SOL's Scope 3 emissions?
In 2024, the largest contributors to SOL's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 1,451,888 tCO₂e (64.88%)
- Purchased Goods and Services (Cat. 1): 510,556 tCO₂e (22.81%)
- Capital Goods (Cat. 2): 82,507 tCO₂e (3.69%)
SOL's Scope 3 Emissions by Categories
Insights into SOL’s GHG Emissions Intensity Compared to Industry Peers
In 2024, SOL reported Scope 1 greenhouse gas (GHG) emissions of 59,050 tCO₂e and total revenues of USD 1,676 millions. This translates into an emissions intensity of 35.24 tCO₂e per millions USD. a
SOL's Scope 1 Emissions Intensity Compared to Peers
How does SOL's GHG emissions intensity compare to its peers?
In 2024, SOL reported a Scope 1 emissions intensity of 35.24 tCO₂e per millions USD. Compared to the peer group median of 50.93 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does SOL rank on GHG emissions intensity within its industry?
In 2024, SOL ranked 10 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
SOL is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into SOL's Total Carbon Footprint
In 2024, SOL reported a total carbon footprint of 2,541,673 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.61% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a b
The largest contributor to SOL's total carbon footprint was Scope 3 emissions, accounting for 88.05% of the company's total carbon footprint, followed by Scope 2 emissions at 9.63%. a