Primary Climate Goal
Georg Fischer's target annual Scope 1 + 2 emissions for 2025 should be equal to 267 Kt = 21.5% * 340 Kt, according to the company's stated climate goal.
In order to achieve this goal, Georg Fischer would need to reduce its emissions at least by -1.5 Kt per annum over the period from 2022 to 2025:
-1.5 Kt = ( 267 Kt - 273 Kt ) / (2025 - 2021)
This translates into a -0.6% reduction in 2022.
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.
Georg Fischer aims to reduce Scope 1 + 2 by 21.5% by 2025 from a base year 2019
This target is most likely outdated and the company appears to have already achieved it
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.
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
Georg Fischer reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 273 Kt (-11 /-3.9% y-o-y). Also positively, carbon intensity declined to 67 t (-15 /-18.4% y-o-y).
Georg Fischer's Scope 3 emissions grew to 1,702 Kt (
The company is committed to reducing Scope 1 + 2 by 21.5% by 2025 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Georg Fischer also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Georg Fischer AG commits to reduce absolute scope 1 and 2 GHG emissions 30% by 2026 from a 2019 base year. Georg Fischer AG also commits to reduce scope 3 GHG emissions from purchased goods and services and use of sold products 34.6 % per ton of processed material by 2030 from a 2019 base year.