HeidelbergCement AG

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 (-1,300 /-6.1% y-o-y). This is a higher rate of decline than over the period since 4Q'19 (-4.1% CAGR).

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.