In 2024, Varta 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).
Varta has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 4,599a | N/A | 4,381b | |
Total Scope 2 | ||||
Market-Based | 1,511a | N/A | 2,148b | |
Location-Based | 22,367a | N/A | 29,606b | |
Total Scope 3 | 278,477a | N/A | 414,841b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 5.5718a | N/A | 5.0928b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Varta amounted to 26,966 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 Varta decreased by 20.66%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of Varta were 4,599 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, Varta's Scope 1 emissions have increased by 12.58%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2022), Varta's Scope 1 emissions increased by 4.98%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.ab
In 2024, Varta reported Scope 2 greenhouse gas (GHG) emissions of 1,511 tCO₂e using the market-based method and 22,367 tCO₂e using the location-based method.a
Since 2020, Varta's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 21.66%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2022), Varta's Scope 2 emissions (Location-Based) fell by 24.45% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.ab
In 2024, Varta reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Varta reported 278,477 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 Varta includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 9 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Varta reported total Scope 3 emissions of 278,477 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 89.37% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.63% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Varta's Scope 3 emissions decreased by 32.87%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Varta reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Varta's Scope 3 emissions were:a
In 2024, Varta reported Scope 1 greenhouse gas (GHG) emissions of 4,599 tCO₂e and total revenues of USD 825 millions. This translates into an emissions intensity of 5.57 tCO₂e per millions USD.a
In 2024, Varta reported a Scope 1 emissions intensity of 5.57 tCO₂e per millions USD. Compared to the peer group median of 2.15, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Varta ranked 21 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Varta among the least efficient performers, with one of the highest emissions intensities in its sector.a
In 2024, Varta reported a total carbon footprint of 305,443 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 31.95% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Varta's total carbon footprint was Scope 3 emissions, accounting for 91.17% of the company's total carbon footprint, followed by Scope 2 emissions at 7.32%.a