In 2024, WEG 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).
WEG has also provided a category-level breakdown for 8 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 | 61,439a | 58,814a | 67,606a | |
Total Scope 2 | ||||
Market-Based | 66,275a | 75,014a | 88,377a | |
Location-Based | 88,716a | 95,094a | 100,879a | |
Total Scope 3 | 24,975,994a | 24,725,091a | 24,623,763a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 9.992a | 8.7762a | 11.947a |
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In 2024, the total operational greenhouse gas (GHG) emissions of WEG amounted to 150,155 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 WEG decreased by 2.44%, 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 WEG were 61,439 metric tons of CO₂ equivalent (tCO₂e).a
Since 2020, WEG's Scope 1 emissions have increased by 83.99%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), WEG's Scope 1 emissions increased by 4.46%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, WEG reported Scope 2 greenhouse gas (GHG) emissions of 66,275 tCO₂e using the market-based method and 88,716 tCO₂e using the location-based method.a
Since 2020, WEG's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that WEG's emissions have plateaued with no significant change in its energy consumption footprint.ab
Compared to the previous year (2023), WEG's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that WEG's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, WEG reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, WEG reported 24,975,994 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 WEG includes a breakdown across 8 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, WEG reported total Scope 3 emissions of 24,975,994 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 7.34% of these emissions originated from upstream activities such as purchased goods and capital goods, while 92.66% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), WEG's Scope 3 emissions remained relatively stable, indicating that WEG's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, WEG reported emissions for 8 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 WEG's Scope 3 emissions were:a
In 2024, WEG reported Scope 1 greenhouse gas (GHG) emissions of 61,439 tCO₂e and total revenues of USD 6,149 millions. This translates into an emissions intensity of 9.99 tCO₂e per millions USD.a
In 2024, WEG reported a Scope 1 emissions intensity of 9.99 tCO₂e per millions USD. Compared to the peer group median of 9.04, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, WEG ranked 14 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
WEG is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, WEG reported a total carbon footprint of 25,126,149 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.99% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to WEG's total carbon footprint was Scope 3 emissions, accounting for 99.4% of the company's total carbon footprint, followed by Scope 2 emissions at 0.35%.a