In 2024, Valvoline 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, Valvoline 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 | 21,727a | 15,345a | 12,863a | |
Total Scope 2 | ||||
Market-Based | 16,370a | 18,359a | 17,753a | |
Location-Based | 18,709a | 20,888a | 17,201a | |
Total Scope 3 | 419,368a | 718,911a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 13.42a | 10.6304a | 10.4061a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Valvoline amounted to 40,436 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 Valvoline increased by 11.6%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Valvoline were 21,727 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Valvoline's Scope 1 emissions have increased by 63.08%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Valvoline's Scope 1 emissions increased by 41.59%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Valvoline reported Scope 2 greenhouse gas (GHG) emissions of 16,370 tCO₂e using the market-based method and 18,709 tCO₂e using the location-based method.a
Since 2019, Valvoline's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 58.77%, reflecting a rising long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2023), Valvoline's Scope 2 emissions (Location-Based) fell by 10.43% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Valvoline reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Valvoline reported 419,368 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 Valvoline 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, Valvoline reported total Scope 3 emissions of 419,368 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Valvoline's Scope 3 emissions decreased by 41.67%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Valvoline reported Scope 1 greenhouse gas (GHG) emissions of 21,727 tCO₂e and total revenues of USD 1,619 millions. This translates into an emissions intensity of 13.42 tCO₂e per millions USD.a
In 2024, Valvoline reported a Scope 1 emissions intensity of 13.42 tCO₂e per millions USD. Compared to the peer group median of 4.08, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Valvoline ranked 22 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Valvoline among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Valvoline reported a total carbon footprint of 459,804 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 39.11% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Valvoline's total carbon footprint was Scope 3 emissions, accounting for 91.21% of the company's total carbon footprint, followed by Scope 1 emissions at 4.73%.a