Ericsson

Ericsson reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 96 Kt (-18 /-15.8% y-o-y). Also positively, carbon intensity was down at 3.5 t (-0.8 /-18.6% y-o-y).

Ericsson's Scope 3 emissions declined to 34,637 Kt (-1,968 /-5.4% y-o-y). The performance has been erratic recently.

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -11 Kt per annum over the period of FY2022 - 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 achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -1,828 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Ericsson also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Multinational networking and telecommunications company Ericsson commits to reduce absolute scope 1 and 2 GHG emissions 35% by 2022 from a 2016 base year. Within the same timeframe, Ericsson also commits to a 35% reduction in the scope 3 emissions from business travel and upstream and downstream transportation, and to a 35% reduction in the energy consumption of comparable sold products in 2016.