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SP Group A/S
SP Group's GHG Emissions Data Preview
In 2024, SP Group 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).
SP Group has also provided a category-level breakdown for 6 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.  a | 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.  a | 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.  a | 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.  a | Copy restricted. Please purchase to unlock this data.  | 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.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind SP Group’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 SP Group’s data sources below and access millions more through our Disclosure Search.
Insights into SP Group's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofSP Group amounted to23,638metric 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 SP Groupdecreased by 17.35%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
SP Group's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are SP Group's Scope 1 emissions?
In 2024, the total Scope 1 emissions of SP Group were 3,585 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has SP Group reduced its Scope 1 emissions over time?
Since 2019, SP Group's Scope 1 emissions have increased by 4.31%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), SP Group's Scope 1 emissions decreased by 23.13%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are SP Group's Scope 2 emissions?
In 2024, SP Group reported Scope 2 greenhouse gas (GHG) emissions of 5,635 tCOâ‚‚e using the market-based method and 20,053 tCOâ‚‚e using the location-based method.a
Has SP Group reduced its Scope 2 emissions over time?
Since 2019, SP Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 18.04%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year(2023), SP Group's Scope 2 emissions(Location-Based) fell by 16.22% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
What methodology does SP Group use for Scope 2 reporting?
In 2024, SP Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
SP Group's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into SP Group's Value Chain Emissions
In 2024, SP Group reported 102,872 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 SP Group includes a breakdown across 6of the 15 Scope 3 categories defined by the GHG Protocol,up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
SP Group's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are SP Group's Scope 3 emissions?
In 2024, SP Group reported total Scope 3 emissions of 102,872 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
Compared to the previous year (2023), SP Group's Scope 3 emissions increased by 37.16%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does SP Group disclose?
In 2024, SP Group reported emissions for 6 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 SP Group's Scope 3 emissions?
In 2024, the largest contributors to SP Group's Scope 3 emissions were:a
- Purchased Goods and Services (Cat. 1): 82,993 tCOâ‚‚e(80.68%)
- Upstream Transportation and Distribution (Cat. 4): 7,667 tCOâ‚‚e(7.45%)
- Fuel- and Energy-Related Services (Cat. 3): 5,820 tCOâ‚‚e(5.66%)
SP Group's Scope 3 Emissions by Categories
Insights into SP Group’s GHG Emissions Intensity Compared to Industry Peers
In 2024, SP Group reported Scope 1 greenhouse gas (GHG) emissions of 3,585 tCOâ‚‚e and total revenues of USD 407 millions. This translates into an emissions intensity of 8.8 tCOâ‚‚e per millions USD.a
SP Group's Scope 1 Emissions Intensity Compared to Peers
How does SP Group's GHG emissions intensity compare to its peers?
In 2024, SP Group reported a Scope 1 emissions intensity of 8.8 tCOâ‚‚e per millions USD. Compared to the peer group median of 60.81, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does SP Group rank on GHG emissions intensity within its industry?
In 2024, SP Group ranked 7 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
SP Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into SP Group's Total Carbon Footprint
In 2024, SP Group reported a total carbon footprint of 126,510 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 22.11% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to SP Group's total carbon footprint was Scope 3 emissions, accounting for 81.32% of the company's total carbon footprint, followed by Scope 2 emissions at 15.85%.a