Primary Climate Goal
HeidelbergCement AG's target annual Scope 1 + 2 emissions for 2050 should be equal to 0 Kt = 0% * 74,550 Kt, according to the company's stated climate goal.
In order to achieve this goal, HeidelbergCement AG would need to reduce its emissions at least by -2,571 Kt per annum over the period from 2022 to 2050:
-2,571 Kt = ( 0 Kt - 74,550 Kt ) / (2050 - 2021)
This translates into a -3.4% 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.
HeidelbergCement AG aims to achieve net zero for Scope 1 + 2 by 2050
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
HeidelbergCement AG reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 74,550 Kt (+1,110/+1.5% y-o-y). At the sime time, carbon intensity was down at 3,355 t (-207 /-5.8% y-o-y).
HeidelbergCement AG's Scope 3 emissions tumbled to 20,000 Kt (
The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -2,571 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
HeidelbergCement AG also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. HeidelbergCement commits to reduce scope 1 GHG emissions 22% per ton of cementitious materials by 2030 from a 2016 base year. HeidelbergCement also commits to reduce scope 2 GHG emissions 65% per ton of cementitious materials within the same timeframe.* *The target boundary includes biogenic emissions and removals associated with the use of bioenergy.