Salesforce

Software
CRM
$ 167 4.1
Share price
$ 166 bn
Market Cap
$ 178 bn
Enterprise Value

Carbon footprint

0.48 Ton
GHG emissions per $ 1 mln investment
0.02x the weighted average for S&P 500
FY2020
How is this calculated?
-40%
YOY change in GHG emissions
Stronger than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-3.3%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Salesforce aims to achieve net zero for Scope 1 + 2 by 2050


This target has not been verified as science based according to SBTi
Salesforce's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Salesforce's GHG emissions (market-based) (Kt of CO2e)
Salesforce's Carbon intensity (Tons per 1 USDm)

Salesforce's carbon footprint

Salesforce reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 85 Kt (-56 /-39.7% y-o-y). Also positively, carbon intensity dropped to 4 t (-4.2 /-51.2% y-o-y).

Salesforce's Scope 3 emissions declined to 946 Kt (-121 /-11.3% y-o-y). The performance has been erratic recently.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -2.8 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Salesforce also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Cloud-based software company Salesforce.com, Inc. commits to reduce absolute scope 1 and scope 2 GHG emissions by 50% by 2030 from a 2018 base year. Salesforce.com, Inc. commits to reduce absolute scope 3 GHG emissions from fuel and energy related activities by 50% by 2030 from a 2018 base year. Salesforce.com, Inc. also commits that suppliers representing 60% of its scope 3 emissions, covering all upstream emission categories, will set science-based targets by 2024

Company environmental metrics

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