Primary Climate Goal
South32 Limited's target annual Scope 1 + 2 emissions for 2035 should be equal to 10,800 Kt = 50% * 21,600 Kt, according to the company's stated climate goal.
In order to achieve this goal, South32 Limited would need to reduce its emissions at least by -771 Kt per annum over the period from 2022 to 2035:
-771 Kt = ( 10,800 Kt - 21,600 Kt ) / (2035 - 2021)
This translates into a -3.6% 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.
South32 Limited aims to reduce Scope 1 + 2 by 50% by 2035 from a base year 2021
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
South32 Limited reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 21,600 Kt (-1,700 /-7.3% y-o-y). At the same time, carbon intensity surged to 3,835 t (+605/+19% y-o-y).
No public disclosure of Scope 3 emissions has been found for South32 Limited at the moment.
The company is committed to reducing Scope 1 + 2 by 50% by 2035 from a base year 2021, which translates into the estimated reduction of -771 Kt per annum over the period of FY2022 - FY2035. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.