McPhy Energy S.A. Sustainability Profile
McPhy Energy S.A., a leading player in the hydrogen energy sector, is headquartered in France and operates extensively across Europe. Founded in 2008, the company has established itself as a pioneer in the development of innovative hydrogen production and storage solutions, catering to the growing demand for clean energy alternatives. Specialising in electrolysis technology and hydrogen refuelling stations, McPhy’s core products are distinguished by their efficiency and sustainability. The company’s commitment to advancing the hydrogen economy has positioned it as a key contributor to the transition towards renewable energy sources. Notable achievements include strategic partnerships and successful projects that underscore its market leadership in the green hydrogen industry.
DitchCarbon Score
How does McPhy Energy S.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Machinery and Equipment industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
McPhy Energy S.A.'s score of 39 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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McPhy Energy S.A.'s reported carbon emissions
In 2023, McPhy Energy S.A. reported total carbon emissions of approximately 43.6 million kg CO2e. This figure includes Scope 1 emissions of about 125,000 kg CO2e, Scope 2 emissions of approximately 247,000 kg CO2e, and significant Scope 3 emissions totalling around 43.2 million kg CO2e. The Scope 3 emissions are primarily driven by the use of sold products, which accounted for about 33.1 million kg CO2e, alongside substantial contributions from purchased goods and services (approximately 6.9 million kg CO2e) and business travel (about 473,000 kg CO2e). In comparison, the previous year, 2022, McPhy Energy S.A. reported total emissions of approximately 47.6 million kg CO2e, with Scope 1 at about 176,000 kg CO2e, Scope 2 at approximately 233,000 kg CO2e, and Scope 3 emissions reaching around 47.2 million kg CO2e. This indicates a reduction in total emissions of about 4 million kg CO2e from 2022 to 2023. Despite these figures, McPhy Energy S.A. has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company operates within the renewable energy sector, which is increasingly focused on reducing carbon footprints and enhancing sustainability practices.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 176,000 | 000,000 |
| Scope 2 | 233,000 | 000,000 |
| Scope 3 | 47,184,000 | 00,000,000 |
How Carbon Intensive is McPhy Energy S.A.'s Industry?
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McPhy Energy S.A.'s Scope 3 Categories Breakdown
McPhy Energy S.A.'s Scope 3 emissions, which decreased by 8% last year and decreased by approximately 8% since 2022, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 77% of Scope 3 emissions.
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McPhy Energy S.A.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
McPhy Energy S.A. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
