Rockwool

Building Products

ROCK-B.CO

DKK 1,600 (3)%

Share price

$ 5.1 bn

Market Cap

$ 5 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

11x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

Weaker than the -6.7% weighted average for S&P 500

FY2022

Rockwool aims to reduce Scope 1 + 2 by 38% by 2034 from a base year 2019

<2°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.2% weighted average for S&P 500

FY2022

Rockwool aims to reduce Scope 3 by 20% by 2034 from a base year 2019

<2°C

GHG emissions and Carbon intensity

Rockwool reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 2,070 Kt (+220/+12% y-o-y). Carbon intensity also .

Rockwool's Scope 3 emissions surged to 1,040 Kt (+120/+13% y-o-y). The parameter has been fairly volatile.

The company is committed to reducing Scope 1 + 2 by 38% by 2034 from a base year 2019, which translates into the estimated reduction of -61 Kt per annum over the period of FY2022 - FY2034. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 20% by 2034 from a base year 2019, which translates into the estimated reduction of -16 Kt per annum over the period of FY2022 - FY2034. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	2,070	1,850	220	1,040	383	5,405
2020Q4	1,850	1,640	210	920
2019Q4	2,050	1,720	330	1,040
2018Q4	2,220	1,880	340
2017Q4	2,060	1,750	310