In 2024, STV 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).
STV Group has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 313.3a | 356.94a |
Total Scope 2 | ||
Market-Based | 60.26a | 63.99a |
Location-Based | 603.74a | 668.7a |
Total Scope 3 | 17,229.39a | 19,261.73a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.328a | 1.6645a |
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In 2024, the total operational greenhouse gas (GHG) emissions of STV Group amounted to 917.04 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 STV Group decreased by 10.59%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of STV Group were 313.3 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), STV Group's Scope 1 emissions decreased by 12.23%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, STV Group reported Scope 2 greenhouse gas (GHG) emissions of 60.26 tCO₂e using the market-based method and 603.74 tCO₂e using the location-based method.a
Compared to the previous year (2023), STV Group's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that STV Group's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, STV Group reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, STV Group reported 17,229.39 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 STV Group includes a breakdown across 9 of 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, STV Group reported total Scope 3 emissions of 17,229.39 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.93% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.07% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), STV Group's Scope 3 emissions decreased by 10.55%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, STV Group reported emissions for 9 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.
In 2024, the largest contributors to STV Group's Scope 3 emissions were:a
In 2024, STV Group reported Scope 1 greenhouse gas (GHG) emissions of 313.3 tCO₂e and total revenues of USD 236 millions. This translates into an emissions intensity of 1.33 tCO₂e per millions USD.a
In 2024, STV Group reported a Scope 1 emissions intensity of 1.33 tCO₂e per millions USD. Compared to the peer group median of 0.66, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, STV Group ranked 15 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
STV Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, STV Group reported a total carbon footprint of 18,146.43 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.55% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to STV Group's total carbon footprint was Scope 3 emissions, accounting for 94.95% of the company's total carbon footprint, followed by Scope 2 emissions at 3.33%.a