Primary Climate Goal
Kindred Group's target annual Scope 1 + 2 emissions for 2023 should be equal to 0.35 Kt = 85% * 2.3 Kt, according to the company's stated climate goal.
In order to achieve this goal, Kindred Group would need to reduce its emissions at least by -0.74 Kt per annum over the period from 2022 to 2023:
-0.74 Kt = ( 0.35 Kt - 1.8 Kt ) / (2023 - 2021)
This translates into a -40% 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.
Kindred Group aims to reduce Scope 1 + 2 by 85% by 2023 from a base year 2018
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
Kindred Group reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1.8 Kt (-0.15 /-7.4% y-o-y). Also positively, carbon intensity was down at 1.1 t (-0.3 /-21.4% y-o-y).
Kindred Group's Scope 3 emissions decreased to 0.84 Kt (
The company is committed to reducing Scope 1 + 2 by 85% by 2023 from a base year 2018, which translates into the estimated reduction of -0.74 Kt per annum over the period of FY2022 - FY2023. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Kindred Group also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Kindred Group commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2027 from a FY2019 base year. Kindred Group also commits to reduce absolute scope 3 GHG emissions 35% within the same timeframe.