Primary Climate Goal
Campbell Soup's target annual Scope 1 + 2 emissions for 2025 should be equal to 516 Kt = 25% * 687 Kt, according to the company's stated climate goal.
In order to achieve this goal, Campbell Soup would need to reduce its emissions at least by -43 Kt per annum over the period from 2022 to 2025:
-43 Kt = ( 516 Kt - 688 Kt ) / (2025 - 2021)
This translates into a -6.2% 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.
Campbell Soup aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2017
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.
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
Campbell Soup reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 688 Kt (-34 /-4.7% y-o-y). Also positively, carbon intensity was down at 81 t (-1.9 /-2.3% y-o-y).
Campbell Soup's Scope 3 emissions remained unchnaged at 6,256 Kt. The growth rate declined vs. the previous periods (CAGR +442% since 2Q'18).
The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2017, which translates into the estimated reduction of -43 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.
Campbell Soup also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Campbell Soup Company commits to reduce absolute scope 1 and 2 GHG emissions 42% by FY2030 from a FY2020 base year. Campbell Soup Company also commits to reduce absolute scope 3 GHG emissions from purchased goods and services and upstream transportation and distribution 25% within the same timeframe.