Smurfit Kappa Group Plc
Primary Climate Goal
Smurfit Kappa Group Plc's target annual Scope 1 + 2 emissions for 2050 should be equal to 0 Kt = 0% * 3,053 Kt, according to the company's stated climate goal.
In order to achieve this goal, Smurfit Kappa Group Plc would need to reduce its emissions at least by -105 Kt per annum over the period from 2022 to 2050:
-105 Kt = ( 0 Kt - 3,053 Kt ) / (2050 - 2021)
This translates into a -3.4% reduction 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.
Smurfit Kappa Group Plc aims to achieve net zero for Scope 1 + 2 by 2050
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.
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
Smurfit Kappa Group Plc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 3,053 Kt (-58 /-1.9% y-o-y). Also positively, carbon intensity plummeted to 255 t (-57 /-18.3% y-o-y).
No public disclosure of Scope 3 emissions has been found for Smurfit Kappa Group Plc at the moment.
The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -105 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Smurfit Kappa Group Plc also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Smurfit Kappa Group commits to reduce scope 1 and 2 GHG emissions 37.7% per ton of saleable production by 2030 from a 2019 base year.* * The target boundary includes biogenic emissions and removals from bioenergy feedstocks.