Primary Climate Goal
General Mills's target annual all Scopes emissions for 2030 should be equal to 12,213 Kt = 30% * 17,447 Kt, according to the company's stated climate goal.
In order to achieve this goal, General Mills would need to reduce its emissions at least by -523 Kt per annum over the period from 2021 to 2030:
-523 Kt = ( 12,213 Kt - 17,447 Kt ) / (2030 - 2020)
This translates into a -3% 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.
General Mills aims to reduce all Scopes by 30% by 2030 from a base year 2020
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
General Mills reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2020 at 747 Kt (+33/+4.6% y-o-y). Carbon intensity also increased marginally to 42 t (+0.1/+0.2% y-o-y).
General Mills's Scope 3 emissions surged to 16,700 Kt (
The company is committed to reducing all Scopes by 30% by 2030 from a base year 2020, which translates into the estimated reduction of -523 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.