Garrett

Garrett's reported carbon emissions

Garrett, a motor vehicle, trailer, and semi-trailer manufacturer headquartered in Switzerland (CH), has demonstrated a commitment to reducing its carbon footprint. **Emissions Data (kg CO2e):** * **2024:** Garrett reported a total of approximately 1,565,639,000 kg CO2e. Scope 1 emissions were about 5,483,000 kg CO2e, Scope 2 (market-based) emissions were approximately 33,372,000 kg CO2e, and Scope 3 emissions were approximately 1,526,959,000 kg CO2e. The largest contributor to Scope 3 emissions was purchased goods and services, accounting for approximately 1,343,716,000 kg CO2e. * **2023:** Total emissions were approximately 1,605,324,000 kg CO2e. Scope 1 emissions totalled about 6,112,000 kg CO2e, Scope 2 (market-based) emissions were approximately 36,090,000 kg CO2e, and Scope 3 emissions were around 1,562,881,000 kg CO2e. Purchased goods and services were again the dominant Scope 3 category, at approximately 1,381,685,000 kg CO2e. * **2022:** Total emissions were approximately 1,711,043,000 kg CO2e. Scope 1 emissions were about 7,363,000 kg CO2e, Scope 2 (market-based) emissions were approximately 35,460,000 kg CO2e, and Scope 3 emissions were approximately 1,666,553,000 kg CO2e. Purchased goods and services constituted the majority of Scope 3 emissions at approximately 1,462,747,000 kg CO2e. * **2021:** Total emissions amounted to approximately 1,562,328,000 kg CO2e. Scope 1 emissions were about 8,453,000 kg CO2e, Scope 2 (market-based) emissions were approximately 38,584,000 kg CO2e, and Scope 3 emissions were around 1,513,851,000 kg CO2e. Purchased goods and services were the largest Scope 3 contributor at approximately 1,364,950,000 kg CO2e. * **2020:** Total emissions were approximately 1,279,555,000 kg CO2e. Scope 1 emissions were about 6,912,000 kg CO2e, Scope 2 emissions (location-based) were approximately 39,007,000 kg CO2e, and Scope 3 emissions were approximately 1,233,636,000 kg CO2e. Purchased goods and services were the primary Scope 3 emission source at about 1,076,422,000 kg CO2e. * **2019:** Total emissions were approximately 1,484,557,000 kg CO2e. Scope 1 emissions were about 9,577,000 kg CO2e, Scope 2 (market-based) emissions were approximately 47,005,000 kg CO2e, and Scope 3 emissions were approximately 1,427,975,000 kg CO2e. Purchased goods and services comprised the largest portion of Scope 3 emissions at about 1,231,646,000 kg CO2e. **Climate Commitments and Reduction Targets:** Garrett has set a near-term commitment to reduce its absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 46.2% by 2030, using 2019 as the baseline year. This target has been independently verified by the Science Based Targets initiative (SBTi). The company reported being on track for its two-year (2021-2023) and five-year (2019-2024) progress towards this goal for Scope 1 emissions. For Scope 2 emissions, the company was on track for the five-year period but not for the two-year period up to 2023. Garrett also reported an intensity reduction target for Scope 1 and 2 GHG emissions per USD million revenue, showing a reduction from 16.91 in 2019 to 12.95 in 2023, representing a decrease of approximately 23.4% against the 2019 baseline. The company also noted a target for a 27.5% reduction in Scope 1 & 2 GHG emissions intensity per USD million revenue between 2019 and 2024.