Primary Climate Goal
Exelon Corp's target annual Scope 1 + 2 emissions for 2022 should be equal to 10,651 Kt = 15% * 12,530 Kt, according to the company's stated climate goal.
In order to achieve this goal, Exelon Corp would need to reduce its emissions at least by -1,160 Kt per annum over the period from 2021 to 2022:
-1,160 Kt = ( 10,651 Kt - 12,970 Kt ) / (2022 - 2020)
This translates into a -8.9% reduction in 2021.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Exelon Corp aims to reduce Scope 1 + 2 by 15% by 2022 from a base year 2015
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Exelon Corp reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 12,970 Kt (-1,339 /-9.4% y-o-y). Also positively, carbon intensity declined to 393 t (-23 /-5.5% y-o-y).
Exelon Corp's Scope 3 emissions decreased to 178,659 Kt (
The company is committed to reducing Scope 1 + 2 by 15% by 2022 from a base year 2015, which translates into the estimated reduction of -1,160 Kt per annum over the period of FY2021 - FY2022. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.