Markerstudy

In 2023, Markerstudy Group Holdings Limited reported total carbon emissions of approximately 42,576,000 kg CO2e. This includes 2,820,100 kg CO2e from Scope 1 emissions, primarily from stationary combustion, and 5,400 kg CO2e from Scope 2 emissions related to purchased electricity. The majority of their emissions, approximately 39,749,000 kg CO2e, fall under Scope 3, which encompasses various categories such as purchased goods and services, employee commuting, and business travel.

Markerstudy has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2045. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 65.9% by 2034, using 2022 as the baseline year. Additionally, they plan to cut Scope 3 emissions by 35% within the same timeframe. Long-term, they aim for a 90% reduction in all scopes by 2045.

These targets are aligned with the Science Based Targets initiative (SBTi) and reflect a commitment to addressing climate change in line with the 1.5°C global warming limit. The emissions data and reduction targets are cascaded from their parent organization, Markerstudy Group Holdings Limited, ensuring a cohesive approach to sustainability across their operations.