Primary Climate Goal
Kion Group's target annual Scope 1 + 2 emissions for 2027 should be equal to 154 Kt = 30% * 219 Kt, according to the company's stated climate goal.
In order to achieve this goal, Kion Group would need to reduce its emissions at least by -5.2 Kt per annum over the period from 2021 to 2027:
-5.2 Kt = ( 154 Kt - 190 Kt ) / (2027 - 2020)
This translates into a -2.7% 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.
Kion Group aims to reduce Scope 1 + 2 by 30% by 2027 from a base year 2017
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.
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
Kion Group reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 190 Kt (-24 /-11.3% y-o-y). Also positively, carbon intensity declined to 20 t (-2.1 /-9.7% y-o-y).
Kion Group's Scope 3 emissions plummeted to 29 Kt (
The company is committed to reducing Scope 1 + 2 by 30% by 2027 from a base year 2017, which translates into the estimated reduction of -5.2 Kt per annum over the period of FY2021 - FY2027. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.