Dell Technologies

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

• · berkeley_voluntary_registry
• · RE100
• · EPA Green Power Partnership

Dell sourced 61.5% of electricity from renewable sources across all facilities in FY24, up from 59% in FY23 and 55% in FY22. As RE100 members, Dell uses on-site solar generation, green power sources and unbundled/bundled renewable energy certificates (RECs) for US locations. Suppliers procured 6,298 million kWh of renewable energy via EACs and PPAs in FY24 (up from 1,499 in FY23). Target is 75% renewable electricity by 2030 across all Dell facilities and 100% by 2040.

Dell follows a carbon mitigation hierarchy: avoid emissions from the start, reduce energy intensity, replace high-carbon energy with renewables, and as a last resort offset by investing in projects that remove or reduce emissions elsewhere. The report does not quantify any specific durable carbon removal volumes (DAC, BECCS, biochar) - removals/offsets are framed as a final-resort lever within the net-zero approach.

• Business travel: technology-enabled travel reduction + lower-carbon options

  Scope 3 Category 6 business travel emissions were 81,500 MT CO2e in FY24 (up from 54,800 in FY23). Strategies: reduce air and rail travel by using technology to replace in-person travel, use lower-carbon transport options like electric vehicles where possible.

• Circular product design with recycled, renewable and low-emissions materials

  By 2030, more than half of product content from recycled, renewable or reduced carbon emissions material (14.1% achieved in FY24, up from 10.8% in FY23). In FY24 used over 43 million kg of sustainable materials including 22.7M kg PCR plastic, 6.96M kg recycled aluminum, 10.1M kg recycled steel, 2.1M kg recycled glass, plus hydropower-produced aluminum and bio-based plastics. First in industry to ship certified 50% recycled content steel in displays.

• Scope 1 & 2: eliminate GHG-emitting fuels, transition cooling, 75% renewable electricity by 2030

  Dell aims to reduce scopes 1 and 2 by 50% by 2030 (40.6% reduction from FY20 baseline achieved in FY24). Focus on eliminating GHG-emitting fuels in buildings/vehicles, transition to low/no-emissions cooling systems, sourcing 75% renewable electricity by 2030 and 100% by 2040, drive scope 2 to nearly zero.

• Upstream transportation & logistics: GLEC-aligned freight optimization

  Dell aligns to GLEC framework to reduce freight emissions (773,400 MT CO2e in FY24, down from 1,123,500 in FY23). Strategies include optimized transportation network, partnerships with key carriers, preference for regional ground shipping, multipack solutions (up to 2.7x logistics reduction for servers), and advocacy for industry-wide transition to lower-carbon transport fuels.

• Scope 3 Cat 11 Use of Sold Products: -30% by 2030 via product energy efficiency

  Use of sold products accounts for 37.2% of inventory (11,473,600 MT CO2e in FY24, -22.2% from FY20 baseline). Levers include product efficiency designs (PowerEdge with direct liquid cooling, right-sized PSUs, ENERGY STAR/EPEAT Climate+ certified), telemetry from customer usage profiles, OpenManage Enterprise Power Manager, and CloudIQ insights. Over 500 ENERGY STAR-qualified products and over 200 EPEAT Climate+ products in FY24.

• Scope 3 Cat 1 Purchased Goods & Services: -45% by 2030 via supplier engagement

  Purchased goods and services represent 59% of Dell's GHG inventory. Dell engages highest-emitting suppliers via Emissions Supplier Engagement Program (ESEP), encouraging suppliers to report to CDP, set SBTi-validated targets, commit to RE100, and reduce CY2020 emissions. FY23 baseline 18,238,800 MT CO2e; target 45% absolute reduction by 2030. Re-baselining in progress.