In 2024, Xerox Holdings 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).
Xerox Holdings has also provided a category-level breakdown for 9 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 | 65,156a | 71,499a | 86,078b | |
Total Scope 2 | ||||
Market-Based | 27,187a | 38,935a | 44,900b | |
Location-Based | N/A | N/A | N/A | |
Total Scope 3 | 1,301,694a | 1,442,663a | 1,576,884b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 10.4736a | 10.3832a | 12.1117b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Xerox Holdings amounted to 92,343 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 Xerox Holdings decreased by 16.38%, 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 Xerox Holdings were 65,156 metric tons of CO₂ equivalent (tCO₂e).a
Since 2021, Xerox Holdings's Scope 1 emissions have decreased by 26.82%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Xerox Holdings's Scope 1 emissions decreased by 8.87%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Xerox Holdings reported Scope 2 greenhouse gas (GHG) emissions of 27,187 tCO₂e using the market-based method.a
Since 2021, Xerox Holdings's Scope 2 greenhouse gas (GHG) emissions (Market-Based) have decreased by 42.12%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Xerox Holdings's Scope 2 emissions (Market-Based) fell by 30.17% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, Xerox Holdings reported its Scope 2 emissions using the market-based method.a
In 2024, Xerox Holdings reported 1,301,694 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 Xerox Holdings includes a breakdown across 9 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, Xerox Holdings reported total Scope 3 emissions of 1,301,694 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 93.7% of these emissions originated from upstream activities such as purchased goods and capital goods, while 6.3% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2021, Xerox Holdings's Scope 3 emissions have increased by 51.23%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Xerox Holdings's Scope 3 emissions remained relatively stable, indicating that Xerox Holdings's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Xerox Holdings reported emissions for 9 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 Xerox Holdings's Scope 3 emissions were:a
In 2024, Xerox Holdings reported Scope 1 greenhouse gas (GHG) emissions of 65,156 tCO₂e and total revenues of USD 6,221 millions. This translates into an emissions intensity of 10.47 tCO₂e per millions USD.a
In 2024, Xerox Holdings reported a Scope 1 emissions intensity of 10.47 tCO₂e per millions USD. Compared to the peer group median of 6.31, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Xerox Holdings ranked 16 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Xerox Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Xerox Holdings reported a total carbon footprint of 1,394,037 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.24% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Xerox Holdings's total carbon footprint was Scope 3 emissions, accounting for 93.38% of the company's total carbon footprint, followed by Scope 1 emissions at 4.67%.a