Adobe Inc

Application Software

ADBE

$ 331 (0.85)%

Share price

$ 154 bn

Market Cap

$ 158 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.01x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2022

Adobe Inc aims to reduce Scope 1 + 2 by 35% by 2025 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This target is most likely outdated and the company appears to have already achieved it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

GHG emissions and Carbon intensity

Adobe Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 35 Kt (-7.8 /-18% y-o-y). Also positively, carbon intensity declined to 2.2 t (-1.2 /-35.3% y-o-y).

Adobe Inc's Scope 3 emissions was up at 424 Kt (+31/+7.8% y-o-y). The growth has slowed compared to the trend since 4Q'16 (CAGR +50%).

The company is committed to reducing Scope 1 + 2 by 35% by 2025 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.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	35	4.9	30	424	15,785	2.2
2020Q4	43	9.6	34	393	12,868	3.4
2019Q4	56	12	44	505	11,171	5
2018Q4	60	12	48	52	9,030	6.6
2017Q4	71	11	59	43
2016Q4	70	11	58	37