Technogym SpA

Common Name
Technogym
Country
Italy
Sector
Consumer Cyclical
Industry
Leisure
Employees
2,555
Ticker
TGYM
Exchange
EURONEXT MILAN
Description
Technogym S.p.A. is a globally recognized leader in the wellness and fitness equipment industry. The company designs and manufactures a wide array of products, including high-tech fitness machines, di...

Technogym's GHG Emissions Data Preview

In 2024, Technogym 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).

Technogym has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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b
0000000
Location-Based
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b
0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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0000000
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Verified Sources Behind Technogym’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 Technogym’s data sources below and access millions more through our Disclosure Search.

a. Technogym's Annual Report 2024
a. Technogym's Annual Report 2024
b. Technogym's Consolidated Non-Financial Report 2023
b. Technogym's Consolidated Non-Financial Report 2023

Insights into Technogym's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Technogym amounted to 5,416.3 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 Technogym increased by 9.6%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Technogym's Scope 1 Emissions Over Time

202120222023202407501.5 k2.25 k3 ktCO2e-5%-2%+14%
  • Total Scope 1
  • Year-over-Year Change

What are Technogym's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Technogym were 2,996.3 metric tons of CO₂ equivalent (tCO₂e). a

Has Technogym reduced its Scope 1 emissions over time?

Since 2021, Technogym's Scope 1 emissions have increased by 5.17%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Technogym's Scope 1 emissions increased by 13.54%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b

What are Technogym's Scope 2 emissions?

In 2024, Technogym reported Scope 2 greenhouse gas (GHG) emissions of 594 tCO₂e using the market-based method and 2,420 tCO₂e using the location-based method. a

Has Technogym reduced its Scope 2 emissions over time?

Since 2021, Technogym's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 31.25%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), Technogym's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Technogym 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Technogym use for Scope 2 reporting?

In 2024, Technogym reported its Scope 2 emissions using the market-based method and using the location-based method. a

Technogym's Scope 2 Emissions Over Time

202120222023202409001.8 k2.7 k3.6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Technogym's Value Chain Emissions

In 2024, Technogym reported 431,628.5 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 Technogym includes a breakdown across 12 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 chain a

Technogym's Scope 3 Emissions Over Time

20240150 k300 k450 k600 ktCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Technogym's Scope 3 emissions?

In 2024, Technogym reported total Scope 3 emissions of 431,628.5 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 57.83% of these emissions originated from upstream activities such as purchased goods and capital goods, while 42.17% came from downstream activities like product use, distribution, and end-of-life treatment. a

What categories of Scope 3 emissions does Technogym disclose?

In 2024, Technogym reported emissions for 12 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.

What are the main sources of Technogym's Scope 3 emissions?

In 2024, the largest contributors to Technogym's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 218,580.5 tCO₂e (50.64%)
  • Use of Sold Products (Cat. 11): 178,642.9 tCO₂e (41.39%)
  • Upstream Transportation and Distribution (Cat. 4): 12,348.2 tCO₂e (2.86%)

Technogym's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(50.6%)Use of Sold Products(Cat. 11)(41.4%)UpstreamTransportation andDistribution(Cat. 4)(2.9%)

Insights into Technogym’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Technogym reported Scope 1 greenhouse gas (GHG) emissions of 2,996.3 tCO₂e and total revenues of USD 938 millions. This translates into an emissions intensity of 3.19 tCO₂e per millions USD. a

Technogym's Scope 1 Emissions Intensity Compared to Peers

202002,00020,000200,000Scope 1 Emissions (tCO2e)201005002,00010,000Revenues (Millions of USD)CMCCCTG InternationalYear: 2023Scope 1: 26,229 tCO2eRevenue: $M 576Scope 1 Intensity: 45.57 tCO2e/$MDometic GroupYear: 2024Scope 1: 7,896 tCO2eRevenue: $M 2,234Scope 1 Intensity: 3.53 tCO2e/$MNikonYear: 2024Scope 1: 25,004 tCO2eRevenue: $M 4,736Scope 1 Intensity: 5.28 tCO2e/$MYamahaYear: 2024Scope 1: 20,000 tCO2eRevenue: $M 3,056Scope 1 Intensity: 6.54 tCO2e/$MLife Time Group HoldingsYear: 2023Scope 1: 107,874 tCO2eRevenue: $M 2,217Scope 1 Intensity: 48.67 tCO2e/$MPlanet FitnessYear: 2024Scope 1: 4,868 tCO2eRevenue: $M 1,182Scope 1 Intensity: 4.12 tCO2e/$MMattelYear: 2022Scope 1: 14,170 tCO2eRevenue: $M 5,435Scope 1 Intensity: 2.61 tCO2e/$MDaiichikoshoYear: 2022Scope 1: 8,089 tCO2eRevenue: $M 777Scope 1 Intensity: 10.41 tCO2e/$MYeti HoldingsYear: 2024Scope 1: 289 tCO2eRevenue: $M 1,830Scope 1 Intensity: 0.16 tCO2e/$MShimanoYear: 2024Scope 1: 9,600 tCO2eRevenue: $M 2,873Scope 1 Intensity: 3.34 tCO2e/$MPeloton InteractiveYear: 2023Scope 1: 10,467 tCO2eRevenue: $M 2,800Scope 1 Intensity: 3.74 tCO2e/$MJohnson Health TechYear: 2022Scope 1: 881 tCO2eRevenue: $M 1,094Scope 1 Intensity: 0.80 tCO2e/$MBasic-FitYear: 2024Scope 1: 8,792 tCO2eRevenue: $M 1,265Scope 1 Intensity: 6.95 tCO2e/$MMMMisto HoldingsYear: 2024Scope 1: 1,448 tCO2eRevenue: $M 2,909Scope 1 Intensity: 0.50 tCO2e/$MItalian Sea GroupYear: 2024Scope 1: 50 tCO2eRevenue: $M 380Scope 1 Intensity: 0.13 tCO2e/$MHasbroYear: 2024Scope 1: 3,880 tCO2eRevenue: $M 4,136Scope 1 Intensity: 0.94 tCO2e/$MGiant ManufacturingYear: 2023Scope 1: 27,521 tCO2eRevenue: $M 2,509Scope 1 Intensity: 10.97 tCO2e/$MHaichang Ocean Park HoldingsYear: 2023Scope 1: 11,425 tCO2eRevenue: $M 279Scope 1 Intensity: 40.93 tCO2e/$MGames Workshop GroupYear: 2024Scope 1: 484 tCO2eRevenue: $M 669Scope 1 Intensity: 0.72 tCO2e/$MLi NingYear: 2024Scope 1: 1,913 tCO2eRevenue: $M 4,280Scope 1 Intensity: 0.45 tCO2e/$MTitlisYear: 2024Scope 1: 1,943 tCO2eRevenue: $M 82Scope 1 Intensity: 23.83 tCO2e/$MTechnogymYear: 2024Scope 1: 2,996 tCO2eRevenue: $M 938Scope 1 Intensity: 3.19 tCO2e/$M

How does Technogym's GHG emissions intensity compare to its peers?

In 2024, Technogym reported a Scope 1 emissions intensity of 3.19 tCO₂e per millions USD. Compared to the peer group median of 3.74 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Technogym rank on GHG emissions intensity within its industry?

In 2024, Technogym ranked 9 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Technogym is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Technogym's Total Carbon Footprint

In 2024, Technogym reported a total carbon footprint of 437,044.8 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8,743.71% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Technogym's total carbon footprint was Scope 3 emissions, accounting for 98.76% of the company's total carbon footprint, followed by Scope 1 emissions at 0.69%. a

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