Union Pacific Corporation
Primary Climate Goal
Union Pacific Corporation's target annual Scope 1 + 2 emissions for 2050 should be equal to 0 Kt = 0% * 9,157 Kt, according to the company's stated climate goal.
In order to achieve this goal, Union Pacific Corporation would need to reduce its emissions at least by -305 Kt per annum over the period from 2021 to 2050:
-305 Kt = ( 0 Kt - 9,157 Kt ) / (2050 - 2020)
This translates into a -3.3% 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.
Union Pacific Corporation aims to achieve net zero for Scope 1 + 2 by 2050
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
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 (
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.