Faurecia

Auto Parts & Equipment
EO.PA
$ 16 0.67
Share price
$ 3.2 bn
Market Cap
$ 14 bn
Enterprise Value

Carbon footprint

53 Ton
GHG emissions per $ 1 mln investment
1.4x the weighted average for S&P 500
FY2021
How is this calculated?
-9.3%
YOY change in GHG emissions
Weaker than the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-25%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Faurecia aims to achieve carbon neutrality for Scope 1 + 2 by 2025


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

Secondary Climate Goal

-4.2%
Proj. YOY change in GHG emissions (Scope 3)
Weaker than the -6.1% weighted average for S&P 500
FY2022
How is this calculated?

Faurecia aims to reduce Scope 3 by 46% by 2030 from a base year 2019


This target has not been verified as science based according to SBTi
Faurecia's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

GHG emissions and Carbon intensity

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

Faurecia's carbon footprint

Faurecia reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 722 Kt (-74 /-9.3% y-o-y). Also positively, carbon intensity tumbled to 39 t (-8.1 /-17.2% y-o-y).

Faurecia's Scope 3 emissions was up at 27,023 Kt (+2,703/+11% y-o-y). There has been no consistent trend in recent years.

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2025, which translates into the estimated reduction of -181 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.

Also, the company commits to reducing Scope 3 by 46% by 2030 from a base year 2019, which translates into the estimated reduction of -1,149 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.

Faurecia aims to achive carbon neutrality across its operations (Scope 1 + 2) 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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