Primary Climate Goal
Bunzl's target annual Scope 1 + 2 emissions for 2025 should be equal to 88 Kt = 25% * 118 Kt, according to the company's stated climate goal.
In order to achieve this goal, Bunzl would need to reduce its emissions at least by -5.9 Kt per annum over the period from 2022 to 2025:
-5.9 Kt = ( 88 Kt - 112 Kt ) / (2025 - 2021)
This translates into a -5.3% 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.
Bunzl aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2020
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
Bunzl reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 112 Kt (-5.8 /-4.9% y-o-y).
No public disclosure of Scope 3 emissions has been found for Bunzl at the moment.
The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2020, which translates into the estimated reduction of -5.9 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.
Bunzl also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Bunzl plc commits to reduce scope 1 and 2 GHG emissions 50% per million GBP revenue, equivalent to a 27.5% absolute reduction, by 2030 from a 2019 base year*. Bunzl plc also commits that 79% of its suppliers by emissions covering purchased goods and services, will have science-based targets by 2027. *The target boundary includes land-related emissions and removals from bioenergy feedstocks