Varun Beverages Ltd
Varun Beverages's GHG Emissions Data Preview
In 2024, Varun Beverages 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).
Varun Beverages 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 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Varun Beverages’s Greenhouse Gas (GHG) Emissions Data
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Insights into Varun Beverages's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Varun Beverages amounted to 793,990.37 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 Varun Beverages increased by 213.41%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b
Varun Beverages's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Varun Beverages's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Varun Beverages were 88,224.2 metric tons of CO₂ equivalent (tCO₂e). a
Has Varun Beverages reduced its Scope 1 emissions over time?
Since 2021, Varun Beverages's Scope 1 emissions have increased by 170.18%, reflecting a rising long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2023), Varun Beverages's Scope 1 emissions increased by 105.51%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a b
What are Varun Beverages's Scope 2 emissions?
In 2024, Varun Beverages reported Scope 2 greenhouse gas (GHG) emissions of 705,766.17 tCO₂e without specifying the calculation method. a
Has Varun Beverages reduced its Scope 2 emissions over time?
Since 2021, Varun Beverages's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have increased by 295.52%, reflecting a rising long-term trend in Scope 2 emissions over time. a c
Compared to the previous year (2023), Varun Beverages's Scope 2 emissions (Unspecified Calculation Method) rose by 235.43% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy a b
What methodology does Varun Beverages use for Scope 2 reporting?
In 2024, Varun Beverages reported its Scope 2 emissions using an unspecified methodology. a
Varun Beverages's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Varun Beverages's Value Chain Emissions
In 2024, Varun Beverages reported 3,120,832.57 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 Varun Beverages includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Varun Beverages's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Varun Beverages's Scope 3 emissions?
In 2024, Varun Beverages reported total Scope 3 emissions of 3,120,832.57 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 81.37% of these emissions originated from upstream activities such as purchased goods and capital goods, while 18.63% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Varun Beverages reduced its Scope 3 emissions over time?
Since 2021, Varun Beverages's Scope 3 emissions have increased by 402.35%, reflecting a rising long-term trend in Scope 3 emissions over time. a c
Compared to the previous year (2023), Varun Beverages's Scope 3 emissions increased by 436.29%, suggesting that the company faced challenges in reducing emissions across its value chain. a b
What categories of Scope 3 emissions does Varun Beverages disclose?
In 2024, Varun Beverages reported emissions for 11 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.
What are the main sources of Varun Beverages's Scope 3 emissions?
In 2024, the largest contributors to Varun Beverages's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 1,922,611.94 tCO₂e (61.61%)
- Use of Sold Products (Cat. 11): 525,949.01 tCO₂e (16.85%)
- Capital Goods (Cat. 2): 243,849.3 tCO₂e (7.81%)
Varun Beverages's Scope 3 Emissions by Categories
Insights into Varun Beverages’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Varun Beverages reported Scope 1 greenhouse gas (GHG) emissions of 88,224.2 tCO₂e and total revenues of USD 2,267 millions. This translates into an emissions intensity of 38.92 tCO₂e per millions USD. a
Varun Beverages's Scope 1 Emissions Intensity Compared to Peers
How does Varun Beverages's GHG emissions intensity compare to its peers?
In 2024, Varun Beverages reported a Scope 1 emissions intensity of 38.92 tCO₂e per millions USD. Compared to the peer group median of 33.01 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Varun Beverages rank on GHG emissions intensity within its industry?
In 2024, Varun Beverages ranked 18 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Varun Beverages is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Varun Beverages's Total Carbon Footprint
In 2024, Varun Beverages reported a total carbon footprint of 3,914,822.94 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 368.69% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to Varun Beverages's total carbon footprint was Scope 3 emissions, accounting for 79.72% of the company's total carbon footprint, followed by Scope 2 emissions at 18.03%. a