Pandora

Apparel, Accessories & Luxury Goods

PNDORA.CO

DKK 514 (6.6)%

Share price

$ 6.8 bn

Market Cap

$ 8.3 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.21x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

Stronger than the -5.1% weighted average for S&P 500

FY2022

Pandora aims to reduce Scope 1 + 2 by 90% by 2025 from a base year 2019

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2022

Pandora aims to reduce all Scopes by 50% by 2030 from a base year 2019

1.5°C

GHG emissions and Carbon intensity

Pandora reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 49 Kt (+0.02/ y-o-y). At the sime time, carbon intensity tumbled to 13 t (-3.3 /-20% y-o-y).

Pandora's Scope 3 emissions was up at 277 Kt (+11/+4.3% y-o-y). There has been no consistent trend in recent years.

The company is committed to reducing Scope 1 + 2 by 90% by 2025 from a base year 2019, which translates into the estimated reduction of -11 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.

Also, the company commits to reducing all Scopes by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -17 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.

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	49	1.2	48	277	3,733	13
2020Q4	49	1.3	48	266	2,989	17
2019Q4	49	1.3	48	297	3,290	15
2018Q4	50	1.3	48		3,615	14