Primary Climate Goal
Johnson Matthey's target annual Scope 1 + 2 emissions for 2030 should be equal to 262 Kt = 33% * 391 Kt, according to the company's stated climate goal.
In order to achieve this goal, Johnson Matthey would need to reduce its emissions at least by -14 Kt per annum over the period from 2022 to 2030:
-14 Kt = ( 262 Kt - 389 Kt ) / (2030 - 2021)
This translates into a -3.6% reduction in 2022.
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.
Johnson Matthey aims to reduce Scope 1 + 2 by 33% by 2030 from a base year 2020
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
Johnson Matthey reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 389 Kt (-2.6 /-0.7% y-o-y). Also positively, carbon intensity was down at 20 t (-0.3 /-1.5% y-o-y).
No public disclosure of Scope 3 emissions has been found for Johnson Matthey at the moment.
The company is committed to reducing Scope 1 + 2 by 33% by 2030 from a base year 2020, which translates into the estimated reduction of -14 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Johnson Matthey also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Johnson Matthey plc commits to reduce absolute scope 1 and 2 GHG emissions 33% by FY2029/30 from a FY2019/20 base year. Johnson Matthey plc also commits to reduce absolute scope 3 GHG emissions from purchased goods and services 20% within the same timeframe.