In 2024, Strix 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).
Strix Group has also provided a category-level breakdown for 10 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 | 420a | 589a | 415a | |
Total Scope 2 | ||||
Market-Based | 0a | 103a | N/A | |
Location-Based | 8,281a | 7,602a | 5,883a | |
Total Scope 3 | 563,638a | 478,090a | 410,096a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.3608a | 3.2164a | 3.2194a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Strix Group amounted to 8,701 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 Strix Group increased by 6.23%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Strix Group were 420 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Strix Group's Scope 1 emissions have increased by 292.52%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Strix Group's Scope 1 emissions decreased by 28.69%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Strix Group reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 8,281 tCO₂e using the location-based method.a
Since 2020, Strix Group's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 57.16%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Strix Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Strix Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Strix Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Strix Group reported 563,638 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 Strix Group includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Strix Group reported total Scope 3 emissions of 563,638 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 5.98% of these emissions originated from upstream activities such as purchased goods and capital goods, while 94.02% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, Strix Group's Scope 3 emissions have increased by 605,962.37%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Strix Group's Scope 3 emissions increased by 17.89%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Strix Group reported emissions for 10 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 Strix Group's Scope 3 emissions were:a
In 2024, Strix Group reported Scope 1 greenhouse gas (GHG) emissions of 420 tCO₂e and total revenues of USD 178 millions. This translates into an emissions intensity of 2.36 tCO₂e per millions USD.a
In 2024, Strix Group reported a Scope 1 emissions intensity of 2.36 tCO₂e per millions USD. Compared to the peer group median of 5.79, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Strix Group ranked 12 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Strix Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Strix Group reported a total carbon footprint of 572,339 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 17.7% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Strix Group's total carbon footprint was Scope 3 emissions, accounting for 98.48% of the company's total carbon footprint, followed by Scope 2 emissions at 1.45%.a