In 2024, Tsingtao Brewery 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).
However, Tsingtao Brewery has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 190,388a | 211,748a | 188,948a | |
Total Scope 2 | ||||
Market-Based | 200,093a | 241,848a | 555,148a | |
Location-Based | N/A | N/A | N/A | |
Unspecified Calculation Method | N/A | N/A | N/A | |
Total Scope 3 | 4,646,452a | 4,973,467a | 5,289,280a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 43.2347a | 44.3443a | 40.8952a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Tsingtao Brewery amounted to 390,481 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 Tsingtao Brewery decreased by 13.91%, 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 Tsingtao Brewery were 190,388 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Tsingtao Brewery's Scope 1 emissions have decreased by 27.89%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Tsingtao Brewery's Scope 1 emissions decreased by 10.09%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Tsingtao Brewery reported Scope 2 greenhouse gas (GHG) emissions of 200,093 tCO₂e using the market-based method.a
Compared to the previous year (2023), Tsingtao Brewery's Scope 2 emissions (Market-Based) fell by 17.26% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Tsingtao Brewery reported its Scope 2 emissions using the market-based method.a
In 2024, Tsingtao Brewery reported 4,646,452 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 Tsingtao Brewery includes a breakdown across 0 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, Tsingtao Brewery reported total Scope 3 emissions of 4,646,452 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Tsingtao Brewery's Scope 3 emissions remained relatively stable, indicating that Tsingtao Brewery's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Tsingtao Brewery reported Scope 1 greenhouse gas (GHG) emissions of 190,388 tCO₂e and total revenues of USD 4,404 millions. This translates into an emissions intensity of 43.23 tCO₂e per millions USD.a
In 2024, Tsingtao Brewery reported a Scope 1 emissions intensity of 43.23 tCO₂e per millions USD. Compared to the peer group median of 25.53, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Tsingtao Brewery ranked 23 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Tsingtao Brewery among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Tsingtao Brewery reported a total carbon footprint of 5,036,933 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.19% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Tsingtao Brewery's total carbon footprint was Scope 3 emissions, accounting for 92.25% of the company's total carbon footprint, followed by Scope 2 emissions at 3.97%.a