In 2023, Under Armour 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, Under Armour has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020-2019 |
|---|---|---|---|---|
Total Scope 1 | 3,614a | N/A | 4,838a | |
Total Scope 2 | ||||
Market-Based | 33,044a | N/A | 34,496a | |
Location-Based | 33,713a | N/A | 32,259a | |
Total Scope 3 | 1,630,988a | N/A | 1,446,347a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.6122a | N/A | 0.8512a |
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In 2023, the total operational greenhouse gas (GHG) emissions of Under Armour amounted to 37,327 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 2021, the total operational greenhouse gas (GHG) emissions of Under Armour increased by 0.62%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2023, the total Scope 1 emissions of Under Armour were 3,614 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Under Armour's Scope 1 emissions have decreased by 37.7%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2021), Under Armour's Scope 1 emissions decreased by 25.3%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2023, Under Armour reported Scope 2 greenhouse gas (GHG) emissions of 33,044 tCO₂e using the market-based method and 33,713 tCO₂e using the location-based method.a
Since 2019, Under Armour's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 15.63%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2021), Under Armour's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Under Armour's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2023, Under Armour reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2023, Under Armour reported 1,630,988 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 2023 disclosure of Under Armour includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2023, Under Armour reported total Scope 3 emissions of 1,630,988 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Under Armour's Scope 3 emissionshave remained relatively stable, indicating that Under Armour's emissions have plateaued with no significant change in its value chain footprint.a
Compared to the previous year (2021), Under Armour's Scope 3 emissions increased by 12.77%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2023, Under Armour reported Scope 1 greenhouse gas (GHG) emissions of 3,614 tCO₂e and total revenues of USD 5,903 millions. This translates into an emissions intensity of 0.61 tCO₂e per millions USD.a
In 2023, Under Armour reported a Scope 1 emissions intensity of 0.61 tCO₂e per millions USD. Compared to the peer group median of 2.64, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2023, Under Armour ranked 4 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Under Armour among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2023, Under Armour reported a total carbon footprint of 1,668,315 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.46% increase compared to 2021, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Under Armour's total carbon footprint was Scope 3 emissions, accounting for 97.76% of the company's total carbon footprint, followed by Scope 2 emissions at 2.02%.a