British American Tobacco

Tobacco

BTI

$ 43 (2.2)%

Share price

$ 97 bn

Market Cap

$ 137 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.13x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

Weaker than the -5.1% weighted average for S&P 500

FY2022

British American Tobacco aims to reduce Scope 1 + 2 by 50% by 2025 from a base year 2017

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2021

British American Tobacco aims to reduce all Scopes by 30% by 2030 from a base year 2017

2°C

GHG emissions and Carbon intensity

British American Tobacco reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 495 Kt (-46 /-8.5% y-o-y). Also positively, carbon intensity decreased to 14 t (-2.2 /-13.6% y-o-y).

British American Tobacco's Scope 3 emissions plummeted to 5,587 Kt (-1,194 /-17.6% y-o-y). The decline accelerated compared to the CAGR of -7% since 4Q'18.

The company is committed to reducing Scope 1 + 2 by 50% by 2025 from a base year 2017, which translates into the estimated reduction of -16 Kt per annum over the period of FY2022 - FY2025. 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 all Scopes by 30% by 2030 from a base year 2017, which translates into the estimated reduction of -66 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 2°C above pre-industrial levels.

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	495	325	170		35,242	14
2020Q4	541	342	199	5,587	33,427	16
2019Q4	782	396	386	6,781	33,124	24
2018Q4	841	415	426	6,955	32,580	26
2017Q4	864			6,952	25,365	34