In 2024, THG 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).
THG 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 5,332a | 5,520a | 5,194a | |
Total Scope 2 | ||||
Market-Based | 1,778a | 9,060a | 9,157a | |
Location-Based | 12,648a | 12,369a | 13,248a | |
Total Scope 3 | 938,801.47a | 813,439a | 780,027a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 2.426a | 2.3059a | 1.9239a |
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In 2024, the total operational greenhouse gas (GHG) emissions of THG amounted to 17,980 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 THG increased by 0.51%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of THG were 5,332 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, THG's Scope 1 emissions have increased by 174%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), THG's Scope 1 emissions decreased by 3.41%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, THG reported Scope 2 greenhouse gas (GHG) emissions of 1,778 tCO₂e using the market-based method and 12,648 tCO₂e using the location-based method.a
Since 2020, THG's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 31.97%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), THG's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that THG's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, THG reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, THG reported 938,801.47 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 THG 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 chaina
In 2024, THG reported total Scope 3 emissions of 938,801.47 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 98.38% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.62% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, THG's Scope 3 emissions have increased by 51.29%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), THG's Scope 3 emissions increased by 15.41%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, THG 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.
In 2024, the largest contributors to THG's Scope 3 emissions were:a
In 2024, THG reported Scope 1 greenhouse gas (GHG) emissions of 5,332 tCO₂e and total revenues of USD 2,198 millions. This translates into an emissions intensity of 2.43 tCO₂e per millions USD.a
In 2024, THG reported a Scope 1 emissions intensity of 2.43 tCO₂e per millions USD. Compared to the peer group median of 0.58, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, THG ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places THG among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, THG reported a total carbon footprint of 956,781.47 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.09% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to THG's total carbon footprint was Scope 3 emissions, accounting for 98.12% of the company's total carbon footprint, followed by Scope 2 emissions at 1.32%.a