Primary Climate Goal
AB Sagax's target annual Scope 1 + 2 emissions for 2025 should be equal to 8.8 Kt = 30% * 13 Kt, according to the company's stated climate goal.
In order to achieve this goal, AB Sagax would need to reduce its emissions at least by 1.2 Kt per annum over the period from 2022 to 2025:
1.2 Kt = ( 8.8 Kt - 4 Kt ) / (2025 - 2021)
This translates into a +29% increase in 2022.
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.
AB Sagax aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2018
This target is most likely outdated and the company appears to have already achieved it
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.
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
AB Sagax reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 4 Kt (-5.4 /-57.4% y-o-y). Also positively, carbon intensity plunged to 11 t (-18 /-61.2% y-o-y).
AB Sagax's Scope 3 emissions soared to 12 Kt (
The company is committed to reducing Scope 1 + 2 by 30% by 2025 from a base year 2018, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
AB Sagax also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. This target was approved using a streamlined target validation route exclusive to small and medium-sized enterprises (SMEs). https://sciencebasedtargets.org/faqs-for-smes/ AB Sagax commits to reduce scope 1 and scope 2 GHG emissions 42% by 2030 from a 2022 base year, and to measure and reduce its scope 3 emissions.