Danone

Packaged Foods & Meats
BN.PA
€ 51 (0.36)%
Share price
$ 35 bn
Market Cap
$ 48 bn
Enterprise Value

Carbon footprint

20 Ton
GHG emissions per $ 1 mln investment
0.55x the weighted average for S&P 500
FY2021
How is this calculated?
-15%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

Danone aims to reduce Scope 1 + 2 by 30% by 2030 from a base year 2015


This target has not been verified as science based according to SBTi

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?

Danone aims to achieve net zero for all Scopes by 2050


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

GHG emissions and Carbon intensity

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

Danone's carbon footprint

Danone reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 978 Kt (-169 /-14.7% y-o-y). Also positively, carbon intensity decreased to 34 t (-7.6 /-18.3% y-o-y).

Danone's Scope 3 emissions declined to 23,733 Kt (-1,241 /-5% y-o-y). The decline accelerated compared to the CAGR of -2.8% since 4Q'19.

The company is committed to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -852 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.

Danone also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Energy and industrial: Multi-national food company, Danone commits to reduce absolute scope 1 and 2 GHG emissions 47.2% by FY2030 from a FY2020 base year*. Danone also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel-and energy-related activities, upstream transportation and distribution, waste generated in operations, downstream transportation and distribution and end of life treatment of sold products 42% within the same timeframe. *The target boundary includes land-related emissions and removals from bioenergy feedstocks. FLAG: Danone further commits to reduce absolute scope 1 and 3 FLAG GHG emissions 30.3% by FY2030 from a FY2020 base year**. Finally, Danone commits to no deforestation across its primary deforestation-linked commodities with a target date of FY2025. **Target includes FLAG emissions and removals.

Company environmental metrics

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