Union Pacific Corporation

Union Pacific Corporation reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 9,157 Kt (-1,258 /-12.1% y-o-y). Also positively, carbon intensity decreased to 469 t (-11 /-2.3% y-o-y).

Union Pacific Corporation's Scope 3 emissions plunged to 8.1 Kt (-7.4 /-47.5% y-o-y). The decline accelerated compared to the CAGR of -13.8% since 4Q'15.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -305 Kt per annum over the period of FY2021 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Union Pacific Corporation also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Union Pacific Railroad commits to reduce absolute scope 1 and 2 GHG emissions and GHG emissions on a well-to-wheel basis from locomotive operations 26% by 2030 from a 2018 base year.*The target boundary includes biogenic emissions and removals from bioenergy feedstocks.