Primary Climate Goal
Coty Inc's target annual Scope 1 + 2 emissions for 2030 should be equal to 70 Kt = 30% * 100 Kt, according to the company's stated climate goal.
In order to achieve this goal, Coty Inc would need to reduce its emissions at least by 5.6 Kt per annum over the period from 2022 to 2030:
5.6 Kt = ( 70 Kt - 19 Kt ) / (2030 - 2021)
This translates into a +29% increase 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.
Coty Inc aims to reduce Scope 1 + 2 by 30% by 2030 from a base year 2017
This target is most likely outdated and the company appears to have already achieved it
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
Coty Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 19 Kt (-46 /-70.6% y-o-y). Also positively, carbon intensity tumbled to 4.2 t (-9.7 /-69.8% y-o-y).
Coty Inc's Scope 3 emissions tumbled to 7.8 Kt (
The company is committed to reducing Scope 1 + 2 by 30% by 2030 from a base year 2017, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Coty Inc also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. COTY commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year*. COTY also commits to increase annual sourcing of renewable electricity from 5% in 2019 to 100% by 2030. COTY further commits to reduce absolute scope 3 GHG emissions 28% within the same timeframe. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks