In 2024, Yue Yuen 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).
Yue Yuen 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 | 71,000a | 45,000a | 50,000a | |
Total Scope 2 | ||||
Market-Based | 486,000a | 469,000a | 593,000a | |
Location-Based | 633,000a | 617,000a | 701,000a | |
Total Scope 3 | 61,205.8a | 18,685.6a | 23,807.7a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 8.6774a | 0.7331a | 5.574a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Yue Yuen amounted to 704,000 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 Yue Yuen increased by 6.34%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Yue Yuen were 71,000 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Yue Yuen's Scope 1 emissions have increased by 162.96%, reflecting a rising long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2023), Yue Yuen's Scope 1 emissions increased by 57.78%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Yue Yuen reported Scope 2 greenhouse gas (GHG) emissions of 486,000 tCO₂e using the market-based method and 633,000 tCO₂e using the location-based method.a
Since 2019, Yue Yuen's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 11.64%, reflecting a rising long-term trend in Scope 2 emissions over time.a
Compared to the previous year (2023), Yue Yuen's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Yue Yuen's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Yue Yuen reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Yue Yuen reported 61,205.8 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 Yue Yuen includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
In 2024, Yue Yuen reported total Scope 3 emissions of 61,205.8 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 91.7% of these emissions originated from upstream activities such as purchased goods and capital goods, while 8.3% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Yue Yuen's Scope 3 emissions increased by 227.56%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Yue Yuen 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 Yue Yuen's Scope 3 emissions were:a
In 2024, Yue Yuen reported Scope 1 greenhouse gas (GHG) emissions of 71,000 tCO₂e and total revenues of USD 8,182 millions. This translates into an emissions intensity of 8.68 tCO₂e per millions USD.a
In 2024, Yue Yuen reported a Scope 1 emissions intensity of 8.68 tCO₂e per millions USD. Compared to the peer group median of 4.78, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
In 2024, Yue Yuen ranked 19 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Yue Yuen is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Yue Yuen reported a total carbon footprint of 765,205.8 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.42% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Yue Yuen's total carbon footprint was Scope 2 emissions, accounting for 82.72% of the company's total carbon footprint, followed by Scope 1 emissions at 9.28%.a