Solar A/S

Common Name
Solar
Country
Denmark
Sector
Technology
Industry
Electronics & Computer Distribution
Employees
2,919
Ticker
SOLAR B
Exchange
NASDAQ COPENHAGEN A/S
Description
Solar A/S operates as a sourcing and services company in electrical, heating and plumbing, ventilation, and climate and energy solutions in the Danish, Swedish, Norwegian, and Dutch markets. It operat...

Solar's GHG Emissions Data Preview

In 2023, Solar 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).

Solar has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Solar's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Solar amounted to 6,026 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Solar decreased by 7.63%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Solar's Scope 1 Emissions Over Time

202020212022202309001.8 k2.7 k3.6 ktCO2e+27%-15%-29%
  • Total Scope 1
  • Year-over-Year Change

What are Solar's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Solar were 2,150 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Solar reduced its Scope 1 emissions over time?

Since 2020, Solar's Scope 1 emissions have decreased by 23.6%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Solar's Scope 1 emissions decreased by 29.11%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Solar's Scope 2 emissions?

In 2023, Solar reported Scope 2 greenhouse gas (GHG) emissions of 3,241 tCOâ‚‚e using the market-based method, and 3,876 tCOâ‚‚e using the location-based method.

Has Solar reduced its Scope 2 emissions over time?

Compared to the previous year (2022), Solar's Scope 2 emissions (Location-Based) rose by 11.03% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Solar use for Scope 2 reporting?

In 2023, Solar reported its Scope 2 emissions using the market-based method and using the location-based method.

Solar's Scope 2 Emissions Over Time

202020212022202301.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Solar's Value Chain Emissions

In 2023, Solar reported 796,686 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Solar includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Solar's Scope 3 Emissions Over Time

202020230200 k400 k600 k800 ktCO2e+6%
  • Total Scope 3
  • Year-over-Year Change

What are Solar's Scope 3 emissions?

In 2023, Solar reported total Scope 3 emissions of 796,686 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 28.09% of these emissions originated from upstream activities such as purchased goods and capital goods, while 71.91% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Solar reduced its Scope 3 emissions over time?

Since 2020, Solar's Scope 3 emissions have remained relatively stable, indicating that Solar 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Solar disclose?

In 2023, Solar reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Solar's Scope 3 emissions?

In 2023, the largest contributors to Solar's Scope 3 emissions were:

  • Use of Sold Products (Cat. 11): 533,533 tCOâ‚‚e (71.91%)
  • Purchased Goods and Services (Cat. 1): 208,394 tCOâ‚‚e (28.09%)

Solar's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(28.1%)Use of Sold Products(Cat. 11)(71.9%)

Insights into Solar's Total Carbon Footprint

In 2023, Solar reported a total carbon footprint of 802,712 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12,203.99% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Solar's total carbon footprint was Scope 3 emissions, accounting for 99.25% of the company's total carbon footprint, followed by Scope 2 emissions at 0.48%.