Cummins

Diversified Industrials
CMI
$ 249 0.37
Share price
$ 35 bn
Market Cap
$ 42 bn
Enterprise Value

Carbon footprint

15 Ton
GHG emissions per $ 1 mln investment
0.39x the weighted average for S&P 500
FY2021
How is this calculated?
+3%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-3.1%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Cummins aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018


1.5°C
Cummins's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-3.4%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

Cummins aims to achieve net zero for all Scopes by 2050


This target has not been verified as science based according to SBTi
Cummins's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

Cummins's GHG emissions (market-based) (Kt of CO2e)
Cummins's Carbon intensity (Tons per 1 USDm)

Cummins's carbon footprint

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.

Company environmental metrics

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