Ericsson

Communications Equipment
ERIC
$ 7.8 0.58
Share price
$ 27 bn
Market Cap
$ 26 bn
Enterprise Value

Carbon footprint

3.7 Ton
GHG emissions per $ 1 mln investment
0.13x the weighted average for S&P 500
FY2021
How is this calculated?
-16%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -5.1% weighted average for S&P 500
FY2022
How is this calculated?

Ericsson aims to achieve net zero for Scope 1 + 2 by 2030


This target has not been verified as science based according to SBTi
Ericsson's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

-5.3%
Proj. YOY change in GHG emissions (all Scopes)
Weaker than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

Ericsson aims to achieve net zero for all Scopes by 2040


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

GHG emissions and Carbon intensity

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

Ericsson's carbon footprint

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.

Company environmental metrics

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