Primary Climate Goal
Incyte's target annual Scope 1 + 2 emissions for 2025 should be equal to 0 Kt = 0% * 7.8 Kt, according to the company's stated climate goal.
In order to achieve this goal, Incyte would need to reduce its emissions at least by -1.6 Kt per annum over the period from 2021 to 2025:
-1.6 Kt = ( 0 Kt - 7.8 Kt ) / (2025 - 2020)
This translates into a -20% 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.
Incyte aims to achieve carbon neutrality for Scope 1 + 2 by 2025
Science Based Targets initiative
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
Incyte reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 7.8 Kt (-1.3 /-14.5% y-o-y). Also positively, carbon intensity decreased to 2.9 t (-1.4 /-32.6% y-o-y).
Incyte's Scope 3 emissions was down at 0.82 Kt (
The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2025, which translates into the estimated reduction of -1.6 Kt per annum over the period of FY2021 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Incyte aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2025. 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.