Iron Mountain

Specialty REITs
IRM
$ 54 0.28
Share price
$ 16 bn
Market Cap
$ 29 bn
Enterprise Value

Carbon footprint

6.9 Ton
GHG emissions per $ 1 mln investment
0.19x the weighted average for S&P 500
FY2021
How is this calculated?
+4.9%
YOY change in GHG emissions
In line with the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-4%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Iron Mountain aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2019


This target has not been verified as science based according to SBTi
Iron Mountain's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Iron Mountain's GHG emissions (market-based) (Kt of CO2e)
Iron Mountain's Carbon intensity (Tons per 1 USDm)

Iron Mountain's carbon footprint

Iron Mountain reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 197 Kt (+9.3/+4.9% y-o-y). At the sime time, carbon intensity declined to 44 t (-1.4 /-3.1% y-o-y).

Iron Mountain's Scope 3 emissions declined to 21 Kt (-3.1 /-13.2% y-o-y). The rate of decline has slowed compared to the trend since 4Q'16 (CAGR -32%).

The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2019, which translates into the estimated reduction of -7.8 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Iron Mountain also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. American enterprise information management services company Iron Mountain commits to reduce absolute scope 1, 2 and 3 GHG emissions 20% by 2025 from a 2016 base-year.

Company environmental metrics

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