In 2024, TPV Technology 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).
TPV Technology has also provided a category-level breakdown for 1 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 | 10,570a | 10,133a | 9,035a | |
Total Scope 2 | ||||
Market-Based | 68,902a | 107,782a | 119,501a | |
Location-Based | 84,402a | 121,012a | 126,019a | |
Total Scope 3 | 7,667,333a | 7,597,951a | 9,764,451a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.3967a | 1.319a | 1.0166a |
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In 2024, the total operational greenhouse gas (GHG) emissions of TPV Technology amounted to 94,972 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 TPV Technology decreased by 27.58%, 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 TPV Technology were 10,570 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), TPV Technology's Scope 1 emissions increased by 4.31%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, TPV Technology reported Scope 2 greenhouse gas (GHG) emissions of 68,902 tCO₂e using the market-based method and 84,402 tCO₂e using the location-based method.a
Compared to the previous year (2023), TPV Technology's Scope 2 emissions (Location-Based) fell by 30.25% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, TPV Technology reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, TPV Technology reported 7,667,333 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 TPV Technology includes a breakdown across 1 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, TPV Technology reported total Scope 3 emissions of 7,667,333 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2020, TPV Technology's Scope 3 emissions have decreased by 48.45%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), TPV Technology's Scope 3 emissions remained relatively stable, indicating that TPV Technology's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, TPV Technology reported emissions for 1 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 TPV Technology's Scope 3 emissions were:a
In 2024, TPV Technology reported Scope 1 greenhouse gas (GHG) emissions of 10,570 tCO₂e and total revenues of USD 7,568 millions. This translates into an emissions intensity of 1.4 tCO₂e per millions USD.a
In 2024, TPV Technology reported a Scope 1 emissions intensity of 1.4 tCO₂e per millions USD. Compared to the peer group median of 0.4, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, TPV Technology ranked 18 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
TPV Technology is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, TPV Technology reported a total carbon footprint of 7,762,305 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.43% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to TPV Technology's total carbon footprint was Scope 3 emissions, accounting for 98.78% of the company's total carbon footprint, followed by Scope 2 emissions at 1.09%.a