KPN

Wireless Telecommunication Services / Integrated Telecommunication Services

KPN.AS

€ 2.9 (0.07)%

Share price

$ 13 bn

Market Cap

$ 19 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.33x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -6.6% weighted average for S&P 500

FY2022

KPN aims to reduce Scope 1 + 2 by 55% by 2030 from a base year 2010

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.1% weighted average for S&P 500

FY2022

KPN aims to reduce Scope 3 by 25% by 2025 from a base year 2014

This target is most likely outdated and the company appears to have already achieved it

1.5°C

GHG emissions and Carbon intensity

KPN reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 229 Kt (-61 /-21.1% y-o-y). Also positively, carbon intensity tumbled to 37 t (-10 /-21.8% y-o-y).

KPN's Scope 3 emissions declined to 793 Kt (-29 /-3.5% y-o-y). This is broadly in line with the declining trend (CAGR -3.5%) since 4Q'14.

The company is committed to reducing Scope 1 + 2 by 55% by 2030 from a base year 2010, which translates into the estimated reduction of -5.2 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.

Also, the company commits to reducing Scope 3 by 25% by 2025 from a base year 2014, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	229	13	216	793	6,256	37
2020Q4	290	17	274	822	6,209	47
2019Q4	321	26	295	858	6,409	50
2018Q4	293	31	262	861	6,667	44
2017Q4	335	33	300	945	6,482	52
2016Q4				952	7,501
2014Q4				1,019	9,665
2010Q4	406	59	347

KPN