Primary Climate Goal
Huntington Bancshares's target annual Scope 1 + 2 emissions for 2037 should be equal to 54 Kt = 41% * 92 Kt, according to the company's stated climate goal.
In order to achieve this goal, Huntington Bancshares would need to reduce its emissions at least by -0.35 Kt per annum over the period from 2021 to 2037:
-0.35 Kt = ( 54 Kt - 60 Kt ) / (2037 - 2020)
This translates into a -0.6% 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.
Huntington Bancshares aims to reduce Scope 1 + 2 by 41% by 2037 from a base year 2017
This target is most likely outdated and the company appears to have already achieved it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
Huntington Bancshares reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 60 Kt (-14 /-19.1% y-o-y). Also positively, carbon intensity decreased to 16 t (-1 /-5.9% y-o-y).
Huntington Bancshares's Scope 3 emissions was up at 11 Kt (
The company is committed to reducing Scope 1 + 2 by 41% by 2037 from a base year 2017, which it appears to have already achieved as of 2020. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.