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In 2024, 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 13 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. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions ofSolar amounted to5,467metric 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 Solardecreased by 9.28%, 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 Solar were 1,745 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Since 2020, Solar's Scope 1 emissions have decreased by 37.99%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Solar's Scope 1 emissions decreased by 18.84%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Solar reported Scope 2 greenhouse gas (GHG) emissions of 1,815 tCOâ‚‚e using the market-based method and 3,722 tCOâ‚‚e using the location-based method.a
Since 2020, Solar's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 13.96%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), Solar's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Solar's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Solar reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Solar reported 3,499,615 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Solar includes a breakdown across 13of 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, Solar reported total Scope 3 emissions of 3,499,615 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 2.09%of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.91%came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Solar's Scope 3 emissionshave remained relatively stable, indicating that Solar's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2023), Solar's Scope 3 emissions remained relatively stable, indicating that Solar's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Solar reported emissions for 13 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 2024, the largest contributors to Solar's Scope 3 emissions were:a
In 2024, Solar reported Scope 1 greenhouse gas (GHG) emissions of 1,745 tCOâ‚‚e and total revenues of USD 1,703 millions. This translates into an emissions intensity of 1.02 tCOâ‚‚e per millions USD.a
In 2024, Solar reported a Scope 1 emissions intensity of 1.02 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.34, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Solar ranked 17 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Solar is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Solar reported a total carbon footprint of 3,505,082 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.72% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Solar's total carbon footprint was Scope 3 emissions, accounting for 99.84% of the company's total carbon footprint, followed by Scope 2 emissions at 0.11%.a