Eurofins Scientific

Life Sciences Tools & Services
ERF.PA
€ 85 0.71
Share price
$ 17 bn
Market Cap
$ 20 bn
Enterprise Value

Carbon footprint

7.7 Ton
GHG emissions per $ 1 mln investment
0.27x the weighted average for S&P 500
FY2021
How is this calculated?
-2.9%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-25%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -6.9% weighted average for S&P 500
FY2022
How is this calculated?

Eurofins Scientific aims to achieve carbon neutrality for all Scopes by 2025


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

GHG emissions and Carbon intensity

Eurofins Scientific's GHG emissions (location-based) (Kt of CO2e)
Eurofins Scientific's Carbon intensity (Tons per 1 USDm)

Eurofins Scientific's carbon footprint

Eurofins Scientific reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 155 Kt (-4.6 /-2.9% y-o-y). Also positively, carbon intensity dropped to 19 t (-5.6 /-22.4% y-o-y).

Eurofins Scientific's Scope 3 emissions soared to 253 Kt (+34/+15% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +5.2% since 4Q'19).

The company is committed to achieving carbon neutrality for all Scopes by 2025, which translates into the estimated reduction of -102 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Eurofins Scientific aims to achive carbon neutrality across its entire value chain (all Scopes) in 2025. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Company environmental metrics

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