Swedish Match

Swedish Match reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 35 Kt (+4.3/+14% y-o-y). At the sime time, carbon intensity declined marginally to 16 t (-0.1 /-0.6% y-o-y).

Swedish Match's Scope 3 emissions grew to 174 Kt (+2.7/+1.6% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +0.8% since 4Q'17).

The company is committed to reducing all Scopes by 41% by 2030 from a base year 2017, which translates into the estimated reduction of -10 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.