Cummins

Cummins reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 612 Kt (+18/+3% y-o-y). At the sime time, carbon intensity decreased to 26 t (-4.5 /-15% y-o-y).

Cummins's Scope 3 emissions soared to 1,169,968 Kt (+412,615/+54% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -19 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -40,365 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 25% by 2030 from a base year 2018, which translates into the estimated reduction of -62,013 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.