Adecco Group AG

Human Resource & Employment Services
ADEN.SW
CHF 36 3.4
Share price
$ 6.6 bn
Market Cap
$ 9.9 bn
Enterprise Value

Carbon footprint

4.9 Ton
GHG emissions per $ 1 mln investment
0.13x the weighted average for S&P 500
FY2021
How is this calculated?
-13%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Adecco Group AG aims to achieve carbon neutrality for Scope 1 + 2 by 2030


This target has not been verified as science based according to SBTi
Adecco Group AG's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

+2.3%
Proj. YOY change in GHG emissions (Scope 3)
FY2022
How is this calculated?

Adecco Group AG aims to reduce Scope 3 by 50% by 2030 from a base year 2018

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Adecco Group AG's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

GHG emissions and Carbon intensity

Adecco Group AG's GHG emissions (market-based) (Kt of CO2e)
Adecco Group AG's Carbon intensity (Tons per 1 USDm)

Adecco Group AG's carbon footprint

Adecco Group AG reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 49 Kt (-7 /-12.6% y-o-y). Also positively, carbon intensity was down at 2 t (-0.4 /-16.7% y-o-y).

Adecco Group AG's Scope 3 emissions was down at 31 Kt (-6.3 /-16.9% y-o-y). The rate of decline has slowed compared to the trend since 4Q'18 (CAGR -19.7%).

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -5.4 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 50% by 2030 from a base year 2018, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Adecco Group AG aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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