Heineken

Brewers

HEIA.AS

€ 91 (0.5)%

Share price

$ 57 bn

Market Cap

$ 74 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.49x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -6.6% weighted average for S&P 500

FY2021

Heineken aims to reduce Scope 1 + 2 by 90% by 2030 from a base year 2018

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6% weighted average for S&P 500

FY2021

Heineken aims to reduce Scope 3 by 21% by 2030 from a base year 2018

1.5°C

GHG emissions and Carbon intensity

Heineken reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,375 Kt (-176 /-11.3% y-o-y). At the same time, carbon intensity was up at 60 t (+2/+3.5% y-o-y).

Heineken's Scope 3 emissions decreased to 18,107 Kt (-891 /-4.7% y-o-y). There has been no consistent trend in recent years.

The company is committed to reducing Scope 1 + 2 by 90% by 2030 from a base year 2018, which translates into the estimated reduction of -122 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 21% by 2030 from a base year 2018, which translates into the estimated reduction of -524 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	1,375	880	495	18,107	23,085	60
2019Q4	1,551	1,060	491	18,998	26,939	58
2018Q4	1,557	1,043	514	16,282	26,588	59
2017Q4	1,533	1,022	511	10,693	24,393	63
2016Q4	1,572	1,059	513		22,915	69
2015Q4	1,520	1,034	486		22,975	66