Universal Display Corp

Common Name

Universal Display

Country

United States

Sector

Technology

Industry

Electronic Components

Employees

468

Ticker

OLED

Exchange

NASDAQ/NGS

Website

oled.com

Description

Universal Display Corporation operates as a key player within the technology sector, focusing on the development and commercialization of organic light emitting diode (OLED) technologies and materials... Show more

Universal Display's GHG Emissions Data Preview

In 2023, Universal Display 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) and Scope 2 (indirect emissions from purchased energy).

However, Universal Display 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 - 2017
Total Scope 1 Total direct GHG emissions from categories that are owned or directly controlled by the company.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000
Total Scope 2 Indirect GHG emissions from the generation of purchased electricity, steam, heating, and cooling consumed by the reporting company.
Unspecified Calculation Method Indirect emissions from purchased energy where the company did not specify a location-based or market-based accounting method.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000
Total Scope 3 All other indirect GHG emissions that occur in the company’s value chain, outside of Scope 1 and 2. This includes both upstream and downstream activities.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
Total Scope 1 Revenue Intensity (tCO2e/$M) Total direct GHG emissions from categories that are owned or directly controlled by the company relative to the company's total revenues in USD for the corresponding fiscal year.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^a	Data available for purchase 0000000

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Verified Sources Behind Universal Display’s Greenhouse Gas (GHG) Emissions Data

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a. Universal Display's CSR Report 2023

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Insights into Universal Display's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Universal Display amounted to 5,329 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 2022, the total operational greenhouse gas (GHG) emissions of Universal Display increased by 72.74%, suggesting that the company faced challenges in reducing its emissions from its core operations. ^a

Universal Display's Scope 1 Emissions Over Time

Total Scope 1
Year-over-Year Change

What are Universal Display's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Universal Display were 912 metric tons of CO₂ equivalent (tCO₂e). ^a

Has Universal Display reduced its Scope 1 emissions over time?

Since 2021, Universal Display's Scope 1 emissions have increased by 65.82%, reflecting a rising long-term trend in Scope 1 emissions over time. ^a

Compared to the previous year (2022), Universal Display's Scope 1 emissions increased by 41.18%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. ^a

What are Universal Display's Scope 2 emissions?

In 2023, Universal Display reported Scope 2 greenhouse gas (GHG) emissions of 4,417 tCO₂e without specifying the calculation method. ^a

Has Universal Display reduced its Scope 2 emissions over time?

Since 2021, Universal Display's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have increased by 69.75%, reflecting a rising long-term trend in Scope 2 emissions over time. ^a

Compared to the previous year (2022), Universal Display's Scope 2 emissions (Unspecified Calculation Method) rose by 81.1% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy ^a

What methodology does Universal Display use for Scope 2 reporting?

In 2023, Universal Display reported its Scope 2 emissions using an unspecified methodology. ^a

Universal Display's Scope 2 Emissions Over Time

Total Scope 2 (Unspecified Calculation Method)

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