In 2024, Spin Master 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).
Spin Master has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 18a | 210a | 613.2b | |
Total Scope 2 | ||||
Location-Based | 3,566a | 1,542a | 1,222a | |
Total Scope 3 | 97,714a | 70,759a | 60,244a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.008a | 0.1102a | 0.3035b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Spin Master amounted to 3,584 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 Spin Master increased by 104.57%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Spin Master were 18 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Spin Master's Scope 1 emissions have decreased by 99.3%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Spin Master's Scope 1 emissions decreased by 91.43%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Spin Master reported Scope 2 greenhouse gas (GHG) emissions of 3,566 tCO₂e using the location-based method.a
Since 2019, Spin Master's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 78.3%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Spin Master's Scope 2 emissions (Location-Based) rose by 131.26% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Spin Master reported its Scope 2 emissions using the location-based method.a
In 2024, Spin Master reported 97,714 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 Spin Master includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, down from 5 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Spin Master reported total Scope 3 emissions of 97,714 metric tons of CO₂ equivalent (tCO₂e).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 2019, Spin Master's Scope 3 emissions have decreased by 42.31%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Spin Master's Scope 3 emissions increased by 38.09%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Spin Master reported emissions for 4 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 Spin Master's Scope 3 emissions were:a
In 2024, Spin Master reported Scope 1 greenhouse gas (GHG) emissions of 18 tCO₂e and total revenues of USD 2,250 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD.a
In 2024, Spin Master reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 3.52, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Spin Master ranked 1 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Spin Master among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Spin Master reported a total carbon footprint of 101,298 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 39.7% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Spin Master's total carbon footprint was Scope 3 emissions, accounting for 96.46% of the company's total carbon footprint, followed by Scope 2 emissions at 3.52%.a