In 2024, XP Power 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).
XP Power has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 585a | 545a |
Total Scope 2 | ||
Market-Based | 11a | 119a |
Location-Based | 5,186a | 6,396a |
Total Scope 3 | 360,635a | 580,881a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.885a | 1.3527a |
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In 2024, the total operational greenhouse gas (GHG) emissions of XP Power amounted to 5,771 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 XP Power decreased by 16.86%, 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 XP Power were 585 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), XP Power's Scope 1 emissions increased by 7.34%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, XP Power reported Scope 2 greenhouse gas (GHG) emissions of 11 tCO₂e using the market-based method and 5,186 tCO₂e using the location-based method.a
Compared to the previous year (2023), XP Power's Scope 2 emissions (Location-Based) fell by 18.92% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a
In 2024, XP Power reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, XP Power reported 360,635 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 XP Power includes a breakdown across 6 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, XP Power reported total Scope 3 emissions of 360,635 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 19.36% of these emissions originated from upstream activities such as purchased goods and capital goods, while 80.64% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), XP Power's Scope 3 emissions decreased by 37.92%, highlighting the company's efforts to lower indirect emissions from its value chain.a
In 2024, XP Power reported emissions for 6 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 XP Power's Scope 3 emissions were:a
In 2024, XP Power reported Scope 1 greenhouse gas (GHG) emissions of 585 tCO₂e and total revenues of USD 310 millions. This translates into an emissions intensity of 1.89 tCO₂e per millions USD.a
In 2024, XP Power reported a Scope 1 emissions intensity of 1.89 tCO₂e per millions USD. Compared to the peer group median of 4.86, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, XP Power ranked 10 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
XP Power is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, XP Power reported a total carbon footprint of 366,406 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 37.67% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to XP Power's total carbon footprint was Scope 3 emissions, accounting for 98.42% of the company's total carbon footprint, followed by Scope 2 emissions at 1.42%.a