In 2024, Tokai Carbon 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).
Tokai Carbon 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 | 1,745,000a | 1,900,000a | 2,018,000a | |
Total Scope 2 | ||||
Market-Based | 287,000a | 318,000a | 391,000a | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | 1,434,000a | 1,596,000a | 1,805,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 782.4773a | 738.343a | 788.0357a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Tokai Carbon amounted to 2,032,000 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 Tokai Carbon decreased by 8.39%, 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 Tokai Carbon were 1,745,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Tokai Carbon's Scope 1 emissions have decreased by 19.36%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Tokai Carbon's Scope 1 emissions decreased by 8.16%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Tokai Carbon reported Scope 2 greenhouse gas (GHG) emissions of 287,000 tCO₂e using the market-based method.a
Since 2019, Tokai Carbon's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 45.12%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Tokai Carbon's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Tokai Carbon's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Tokai Carbon reported its Scope 2 emissions using the market-based method.a
In 2024, Tokai Carbon reported 1,434,000 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 Tokai Carbon includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, down from 10 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
In 2024, Tokai Carbon reported total Scope 3 emissions of 1,434,000 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 82.15% of these emissions originated from upstream activities such as purchased goods and capital goods, while 17.85% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Tokai Carbon's Scope 3 emissions have decreased by 49.38%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Tokai Carbon's Scope 3 emissions decreased by 10.15%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Tokai Carbon reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2024, the largest contributors to Tokai Carbon's Scope 3 emissions were:a
In 2024, Tokai Carbon reported Scope 1 greenhouse gas (GHG) emissions of 1,745,000 tCO₂e and total revenues of USD 2,230 millions. This translates into an emissions intensity of 782.48 tCO₂e per millions USD.a
In 2024, Tokai Carbon reported a Scope 1 emissions intensity of 782.48 tCO₂e per millions USD. Compared to the peer group median of 51.87, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Tokai Carbon ranked 22 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Tokai Carbon among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Tokai Carbon reported a total carbon footprint of 3,466,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 9.12% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Tokai Carbon's total carbon footprint was Scope 1 emissions, accounting for 50.35% of the company's total carbon footprint, followed by Scope 3 emissions at 41.37%.a