In 2024, Veralto 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).
Veralto 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 | 33,151a | 36,237a | 28,933a | |
Total Scope 2 | ||||
Market-Based | 20,455a | 22,259a | 21,315a | |
Location-Based | 24,450a | 23,968a | 21,588a | |
Total Scope 3 | 2,014,064a | 2,057,439a | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 6.3838a | 7.2171a | 5.9411a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Veralto amounted to 57,601 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 Veralto decreased by 4.33%, 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 Veralto were 33,151 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Veralto's Scope 1 emissions have increased by 334.08%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Veralto's Scope 1 emissions decreased by 8.52%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Veralto reported Scope 2 greenhouse gas (GHG) emissions of 20,455 tCO₂e using the market-based method and 24,450 tCO₂e using the location-based method.a
Since 2019, Veralto's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Veralto's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), Veralto's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Veralto's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Veralto reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Veralto reported 2,014,064 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 Veralto includes a breakdown across 11 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, Veralto reported total Scope 3 emissions of 2,014,064 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 32.9% of these emissions originated from upstream activities such as purchased goods and capital goods, while 67.1% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Veralto's Scope 3 emissions remained relatively stable, indicating that Veralto's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Veralto 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.
In 2024, the largest contributors to Veralto's Scope 3 emissions were:a
In 2024, Veralto reported Scope 1 greenhouse gas (GHG) emissions of 33,151 tCO₂e and total revenues of USD 5,193 millions. This translates into an emissions intensity of 6.38 tCO₂e per millions USD.a
In 2024, Veralto reported a Scope 1 emissions intensity of 6.38 tCO₂e per millions USD. Compared to the peer group median of 7.08, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Veralto ranked 11 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Veralto is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Veralto reported a total carbon footprint of 2,071,665 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.17% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Veralto's total carbon footprint was Scope 3 emissions, accounting for 97.22% of the company's total carbon footprint, followed by Scope 1 emissions at 1.6%.a