Illumina

Illumina reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 37 Kt (+0.34/+0.9% y-o-y). Carbon intensity also increased to 11 t (+1.6/+16% y-o-y).

Illumina's Scope 3 emissions soared to 324 Kt (+81/+34% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +11% since 4Q'19).

The company is committed to reducing Scope 1 + 2 by 30% by 2030 from a base year 2019, which translates into the estimated reduction of -1.4 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Illumina aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2023. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.