Crown Holdings, Inc
Primary Climate Goal
Crown Holdings, Inc's target annual Scope 1 + 2 emissions for 2040 should be equal to 0 Kt = 0% * 1,343 Kt, according to the company's stated climate goal.
In order to achieve this goal, Crown Holdings, Inc would need to reduce its emissions at least by -67 Kt per annum over the period from 2021 to 2040:
-67 Kt = ( 0 Kt - 1,343 Kt ) / (2040 - 2020)
This translates into a -5% reduction in 2021.
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.
Crown Holdings, Inc aims to achieve net zero for Scope 1 + 2 by 2040
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
Crown Holdings, Inc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,343 Kt (-208 /-13.4% y-o-y). Also positively, carbon intensity plummeted to 116 t (-17 /-12.7% y-o-y).
Crown Holdings, Inc's Scope 3 emissions was up at 14,298 Kt (
The company is committed to achieving net zero for Scope 1 + 2 by 2040, which translates into the estimated reduction of -67 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Crown Holdings, Inc also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Crown Holdings, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Crown Holdings, Inc. also commits to reduce absolute scope 3 GHG emissions 16% over the same target period.