Primary Climate Goal
Travis Perkins's target annual Scope 1 + 2 emissions for 2035 should be equal to 24 Kt = 80% * 122 Kt, according to the company's stated climate goal.
In order to achieve this goal, Travis Perkins would need to reduce its emissions at least by -6.5 Kt per annum over the period from 2021 to 2035:
-6.5 Kt = ( 24 Kt - 122 Kt ) / (2035 - 2020)
This translates into a -5.3% reduction in 2021.
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.
Travis Perkins aims to reduce Scope 1 + 2 by 80% by 2035 from a base year 2020
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
Travis Perkins reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 122 Kt (-34 /-21.6% y-o-y). Also positively, carbon intensity was down at 15 t (-2.2 /-12.6% y-o-y).
No public disclosure of Scope 3 emissions has been found for Travis Perkins at the moment.
The company is committed to reducing Scope 1 + 2 by 80% by 2035 from a base year 2020, which translates into the estimated reduction of -6.5 Kt per annum over the period of FY2021 - FY2035. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.
Travis Perkins aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2035. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.