Xerox

Electronic Office Equipment / Electronic Equipment

XRX

$ 18 5.5

Share price

$ 2.9 bn

Market Cap

$ 5.5 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.63x 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

Xerox aims to reduce Scope 1 + 2 by 60% by 2030 from a base year 2016

This target has not been verified as science based according to SBTi

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.9% weighted average for S&P 500

FY2021

Xerox aims to achieve net zero for all Scopes by 2040

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

Xerox reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 97 Kt (-30 /-23.8% y-o-y).

Xerox's Scope 3 emissions decreased to 1,037 Kt (-189 /-15.4% y-o-y). The parameter has been fairly volatile.

The company is committed to reducing Scope 1 + 2 by 60% by 2030 from a base year 2016, which translates into the estimated reduction of -2.5 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -57 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 35% by 2030 from a base year 2016, which translates into the estimated reduction of -88 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	97	68	30	1,037
2019Q4	128	84	44	1,226
2018Q4	173	91	82	920
2017Q4	155	92	63	182
2016Q4	180	99	81	239