Primary Climate Goal
Prysmian's target annual Scope 1 + 2 emissions for 2022 should be equal to 891 Kt = 3% * 919 Kt, according to the company's stated climate goal.
In order to achieve this goal, Prysmian would need to reduce its emissions at least by 67 Kt per annum over the period from 2022 to 2022:
67 Kt = ( 891 Kt - 824 Kt ) / (2022 - 2021)
This translates into a +8.1% increase 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.
Prysmian aims to reduce Scope 1 + 2 by 3% by 2022 from a base year 2019
This target is most likely outdated and the company appears to have already achieved it
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
Prysmian reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 824 Kt (-8.5 /-1% y-o-y). Also positively, carbon intensity tumbled to 55 t (-17 /-23.2% y-o-y).
No public disclosure of Scope 3 emissions has been found for Prysmian at the moment.
The company is committed to reducing Scope 1 + 2 by 3% by 2022 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Prysmian also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Prysmian Group commits to reduce absolute scope 1 and 2 GHG emissions 46% by 2030 from a 2019 base year. Prysmian Group commits to reduce absolute scope 3 GHG emissions from purchased goods and services and use of sold products 21% within the same timeframe.