In 2024, SPX Technologies 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) and Scope 2 (indirect emissions from purchased energy).
However, SPX Technologies has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 14,107a | 11,440a | 11,847a | |
Total Scope 2 | ||||
Market-Based | 27,333a | 24,824a | 24,510a | |
Location-Based | 24,077a | 22,843a | 22,893a | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 7.1107a | 6.5702a | 8.1094a |
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In 2024, the total operational greenhouse gas (GHG) emissions of SPX Technologies amounted to 38,184 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 SPX Technologies increased by 11.38%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of SPX Technologies were 14,107 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, SPX Technologies's Scope 1 emissions have increased by 34.3%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), SPX Technologies's Scope 1 emissions increased by 23.31%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, SPX Technologies reported Scope 2 greenhouse gas (GHG) emissions of 27,333 tCO₂e using the market-based method and 24,077 tCO₂e using the location-based method.a
Since 2019, SPX Technologies's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that SPX Technologies's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), SPX Technologies's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that SPX Technologies's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, SPX Technologies reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, SPX Technologies reported Scope 1 greenhouse gas (GHG) emissions of 14,107 tCO₂e and total revenues of USD 1,984 millions. This translates into an emissions intensity of 7.11 tCO₂e per millions USD.a
In 2024, SPX Technologies reported a Scope 1 emissions intensity of 7.11 tCO₂e per millions USD. Compared to the peer group median of 9.01, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, SPX Technologies ranked 10 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
SPX Technologies is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a