Seagate

Computer Hardware
STX
$ 83 2.6
Share price
$ 18 bn
Market Cap
$ 22 bn
Enterprise Value

Carbon footprint

54 Ton
GHG emissions per $ 1 mln investment
1.9x the weighted average for S&P 500
FY2020
How is this calculated?
+5.3%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-4.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -5.1% weighted average for S&P 500
FY2021
How is this calculated?

Seagate aims to reduce Scope 1 + 2 by 20% by 2025 from a base year 2017


<2°C
Seagate's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

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

Seagate's carbon footprint

Seagate reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,199 Kt (+61/+5.3% y-o-y). Carbon intensity also grew to 118 t (+3.6/+3.1% y-o-y).

Seagate's Scope 3 emissions was down at 8,670 Kt (-1,239 /-12.5% y-o-y). The rate of decline has slowed compared to the trend since 4Q'18 (CAGR -19.8%).

The company is committed to reducing Scope 1 + 2 by 20% by 2025 from a base year 2017, which translates into the estimated reduction of -58 Kt per annum over the period of FY2021 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Company environmental metrics

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