In 2024, Varia US Properties 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).
Varia US Properties has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 2 | ||||
Location-Based | Copy/Paste is a PRO feature. | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature. | Copy/Paste is a PRO feature. | 0000000 |
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In 2024, the total operational greenhouse gas (GHG) emissions of Varia US Properties amounted to 5,645 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 Varia US Properties decreased by 19.74%, 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 Varia US Properties were 2,308 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Varia US Properties's Scope 1 emissions decreased by 33.49%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Varia US Properties reported Scope 2 greenhouse gas (GHG) emissions of 3,337 tCO₂e using the location-based method.a
Compared to the previous year (2023), Varia US Properties's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Varia US Properties's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Varia US Properties reported its Scope 2 emissions using the location-based method.a
In 2024, Varia US Properties reported 59,853 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 Varia US Properties includes a breakdown across 7 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, Varia US Properties reported total Scope 3 emissions of 59,853 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 59.74% of these emissions originated from upstream activities such as purchased goods and capital goods, while 40.26% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Varia US Properties's Scope 3 emissions decreased by 11.4%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, Varia US Properties reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Varia US Properties's Scope 3 emissions were:a
In 2024, Varia US Properties reported Scope 1 greenhouse gas (GHG) emissions of 2,308 tCO₂e and total revenues of USD 86 millions. This translates into an emissions intensity of 26.69 tCO₂e per millions USD.a
In 2024, Varia US Properties reported a Scope 1 emissions intensity of 26.69 tCO₂e per millions USD. Compared to the peer group median of 3.72, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Varia US Properties ranked 17 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Varia US Properties is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Varia US Properties reported a total carbon footprint of 65,498 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.19% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Varia US Properties's total carbon footprint was Scope 3 emissions, accounting for 91.38% of the company's total carbon footprint, followed by Scope 2 emissions at 5.09%.a