Leading a Sustainable Future: Tackling Scope 3 Emissions - Seite 2

What Scopes 1, 2 & 3 mean

The GHGP defines emissions as follows:

• Scope 1 - These are direct GHG emissions occurring from sources owned or controlled by the company, for example, emissions from combustion in owned or controlled boilers, furnaces.
• Scope 2 - They are indirect emissions from the generation of purchased energy consumed by the company.
• Scope 3 - These are all other indirect emissions from sources in the value chain, such as the extraction and production of raw materials, or from the use of sold products.

While many countries and organizations require reporting scope 1 & 2 emissions, scope 3 emissions reporting is mostly voluntary.

Understanding Our New Climate Ambitions

In December 2022, LyondellBasell announced it is increasing the company's 2030 greenhouse gas (GHG) emissions reduction target for:

• Increasing scope 1 and scope 2 GHG emissions reduction from 30 percent to 42 percent, relative to a 2020 baseline.
• Establishing a 2030 scope 3 GHG emissions reduction target of 30 percent, relative to a 2020 baseline.

For us, it was important our updated climate goals aligned to the latest science and that we seek to have them validated by the Science-Based Targets Initiative (SBTi). The SBTi is a partnership between the non-profit CDP, the United Nations Global Compact, World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). This initiative defines and promotes best practices in science-based climate target setting for companies.

The SBTi requires companies to include a scope 3 target when scope 3 emissions exceed 40% of the company's total emissions, which is the case for LyondellBasell. SBTi requires Scope 3 goals to align with a well-below two-degree pathway or GHG emissions reduction of 2.5% per year. Over the 10 years from LyondellBasell's 2020 baseline to 2030, this translates to a reduction of 25%. Therefore, our new scope 3 goal to reduce emissions by 30% by 2030 exceeds the SBTi minimum requirements.

Advancing Scopes 1,2 & 3 GHG emissions reduction

We are progressing with our strategic plan and timeline for implementing the steps to reduce our carbon emissions. As announced in April 2022, one concrete action to reduce scope 3 emissions is to close our Houston refinery by the end of December 2023. This plan is on track and is expected to reduce scope 3 emissions by approximately 40 million metric tons annually.

So handeln Sie das Kursziel

Der Analyst erwartet ein Kursziel von 96,26$, was einem Rückgang von -3,17% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.

 

Vontobel

 

Alle Partner

Übernehmen

Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
Bitte verändern Sie Kursziel, Zeitraum oder Emittent.Alternativ können Sie auch unsere Derivate-Suchen verwenden
Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche

WerbungDisclaimer