Primary Climate Goal
Archer-Daniels-Midland Company's target annual Scope 1 + 2 emissions for 2035 should be equal to 13,350 Kt = 25% * 17,800 Kt, according to the company's stated climate goal.
In order to achieve this goal, Archer-Daniels-Midland Company would need to reduce its emissions at least by -189 Kt per annum over the period from 2022 to 2035:
-189 Kt = ( 13,350 Kt - 16,000 Kt ) / (2035 - 2021)
This translates into a -1.2% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Archer-Daniels-Midland Company aims to reduce Scope 1 + 2 by 25% by 2035 from a base year 2019
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Archer-Daniels-Midland Company reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 16,000 Kt (-230 /-1.4% y-o-y). Also positively, carbon intensity plummeted to 188 t (-65 /-25.6% y-o-y).
Archer-Daniels-Midland Company reported Scope 3 emissions for the the twelve months ending31 December 2021 at 66,800
The company is committed to reducing Scope 1 + 2 by 25% by 2035 from a base year 2019, which translates into the estimated reduction of -189 Kt per annum over the period of FY2022 - FY2035. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.