Chipotle Mexican Grill
Primary Climate Goal
Chipotle Mexican Grill's target annual all Scopes emissions for 2030 should be equal to 839 Kt = 50% * 1,677 Kt, according to the company's stated climate goal.
In order to achieve this goal, Chipotle Mexican Grill would need to reduce its emissions at least by -76 Kt per annum over the period from 2020 to 2030:
-76 Kt = ( 839 Kt - 1,677 Kt ) / (2030 - 2019)
This translates into a -4.6% reduction in 2020.
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.
Chipotle Mexican Grill aims to reduce all Scopes by 50% by 2030 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.
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
Chipotle Mexican Grill reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 244 Kt (-14 /-5.4% y-o-y). Also positively, carbon intensity decreased to 41 t (-5.4 /-11.7% y-o-y).
Chipotle Mexican Grill reported Scope 3 emissions for the the twelve months ending31 December 2020 at 1,419
The company is committed to reducing all Scopes by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -76 Kt per annum over the period of FY2020 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.