The Hershey Company

Food Products

HSY

$ 205 (0.72)%

Share price

$ 42 bn

Market Cap

$ 48 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.22x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -5.1% weighted average for S&P 500

FY2021

The Hershey Company aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.3% weighted average for S&P 500

FY2021

The Hershey Company aims to reduce Scope 3 by 25% by 2030 from a base year 2018

1.5°C

GHG emissions and Carbon intensity

The Hershey Company reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 291 Kt (-82 /-22% y-o-y). Also positively, carbon intensity plunged to 131 t (-44 /-25% y-o-y).

The Hershey Company's Scope 3 emissions plummeted to 5,762 Kt (-526 /-8.4% y-o-y). The decline accelerated compared to the CAGR of -4.4% since 4Q'18.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -10 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 25% by 2030 from a base year 2018, which translates into the estimated reduction of -82 Kt per annum over the period of FY2021 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	291	147	144	5,762	2,220	131
2019Q4	373	157	216	6,288	2,134	175
2018Q4	381	156	225	6,592	2,080	183
2017Q4	343	120	223		2,033	169
2016Q4	301	111	190		2,003	150
2015Q4	308	104	204		1,961	157