Eaton Corp

Industrial Machinery
ETN
$ 143 3.2
Share price
$ 57 bn
Market Cap
$ 66 bn
Enterprise Value

Carbon footprint

14 Ton
GHG emissions per $ 1 mln investment
0.48x the weighted average for S&P 500
FY2020
How is this calculated?
-16%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-3.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

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


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

Secondary Climate Goal

-10%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -6.9% weighted average for S&P 500
FY2021
How is this calculated?

Eaton Corp aims to achieve net zero for all Scopes by 2030


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

GHG emissions and Carbon intensity

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

Eaton Corp's carbon footprint

Eaton Corp reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 901 Kt (-166 /-15.5% y-o-y). At the same time, carbon intensity was up at 50 t (+0.6/+1.2% y-o-y).

Eaton Corp's Scope 3 emissions plunged to 23,827 Kt (-24,374 /-50.6% y-o-y). This is a higher rate of decline than over the period since 4Q'18 (-29.3% CAGR).

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 -35 Kt per annum over the period of FY2021 - 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 2030, which translates into the estimated reduction of -2,473 Kt per annum over the period of FY2021 - FY2030. 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 15% by 2030 from a base year 2018, which it appears to have already achieved as of 2020. 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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