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In 2024, Solteq 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).
Solteq has also provided a category-level breakdown for 3 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 |
Unspecified Calculation Method | 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 ofSolteq amounted to108.2metric 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 Solteqdecreased by 45.6%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Solteq were 12.9 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Since 2022, Solteq's Scope 1 emissions have decreased by 57.34%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Solteq's Scope 1 emissions decreased by 45.52%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
In 2024, Solteq reported Scope 2 greenhouse gas (GHG) emissions of 67.2 tCOâ‚‚e using the market-based method and 95.3 tCOâ‚‚e using the location-based method.a
Compared to the previous year(2023), Solteq's Scope 2 emissions(Location-Based) fell by 45.61% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Solteq reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Solteq reported 1,203.3 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 Solteq includes a breakdown across 3of 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, Solteq reported total Scope 3 emissions of 1,203.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).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 2022, Solteq's Scope 3 emissionshave increased by 38.45%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Solteq's Scope 3 emissions increased by 74.62%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Solteq reported emissions for 3 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 Solteq's Scope 3 emissions were:a
In 2024, Solteq reported Scope 1 greenhouse gas (GHG) emissions of 12.9 tCOâ‚‚e and total revenues of USD 53 millions. This translates into an emissions intensity of 0.24 tCOâ‚‚e per millions USD.a
In 2024, Solteq reported a Scope 1 emissions intensity of 0.24 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.84, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Solteq ranked 7 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Solteq is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Solteq reported a total carbon footprint of 1,311.5 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 47.69% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Solteq's total carbon footprint was Scope 3 emissions, accounting for 91.75% of the company's total carbon footprint, followed by Scope 2 emissions at 7.27%.a