In 2024, Voltronic Power Technology 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).
Voltronic Power Technology has also provided a category-level breakdown for 10 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 | 484.75a | 526.92a | 626b | |
Total Scope 2 | ||||
Unspecified Calculation Method | N/A | N/A | 11,210b | |
Total Scope 3 | 7,078,895.89a | 546,783b | 804,667c | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.6961a | 0.853a | 0.8465b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Voltronic Power Technology amounted to 11,678.79 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 Voltronic Power Technology increased by 15.77%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Voltronic Power Technology were 484.75 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Voltronic Power Technology's Scope 1 emissions have increased by 15.69%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Voltronic Power Technology's Scope 1 emissions decreased by 8%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Voltronic Power Technology reported Scope 2 greenhouse gas (GHG) emissions of 11,194.04 tCO₂e using the location-based method.a
Compared to the previous year (2023), Voltronic Power Technology's Scope 2 emissions (Location-Based) rose by 17.08% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya
In 2024, Voltronic Power Technology reported its Scope 2 emissions using the location-based method.a
In 2024, Voltronic Power Technology reported 7,078,895.89 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 Voltronic Power Technology includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 9 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Voltronic Power Technology reported total Scope 3 emissions of 7,078,895.89 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 16.6% of these emissions originated from upstream activities such as purchased goods and capital goods, while 83.4% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Voltronic Power Technology's Scope 3 emissions have increased by 1,091.94%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Voltronic Power Technology's Scope 3 emissions increased by 1,194.64%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
In 2024, Voltronic Power Technology 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 Voltronic Power Technology's Scope 3 emissions were:a
In 2024, Voltronic Power Technology reported Scope 1 greenhouse gas (GHG) emissions of 484.75 tCO₂e and total revenues of USD 696 millions. This translates into an emissions intensity of 0.7 tCO₂e per millions USD.a
In 2024, Voltronic Power Technology reported a Scope 1 emissions intensity of 0.7 tCO₂e per millions USD. Compared to the peer group median of 2.94, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Voltronic Power Technology ranked 4 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Voltronic Power Technology among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Voltronic Power Technology reported a total carbon footprint of 7,090,574.68 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 1,173.29% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to Voltronic Power Technology's total carbon footprint was Scope 3 emissions, accounting for 99.84% of the company's total carbon footprint, followed by Scope 2 emissions at 0.16%.a