ASML Holding

Semiconductor Equipment

ASML.AS

€ 548 1.1

Share price

$ 255 bn

Market Cap

$ 223 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.02x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -8% weighted average for S&P 500

FY2022

ASML Holding aims to achieve carbon neutrality for Scope 1 + 2 by 2025

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

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

Weaker than the -6.2% weighted average for S&P 500

FY2022

ASML Holding aims to achieve net zero for Scope 3 by 2040

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

GHG emissions and Carbon intensity

ASML Holding reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 184 Kt (+29/+19% y-o-y). At the sime time, carbon intensity was down at 8.3 t (-1.2 /-12.6% y-o-y).

ASML Holding's Scope 3 emissions grew to 8,800 Kt (+400/+4.8% y-o-y). The growth rate declined vs. the previous periods (CAGR +11% since 4Q'19).

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2025, which translates into the estimated reduction of -46 Kt per annum over the period of FY2022 - FY2025. 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 Scope 3 by 2040, which translates into the estimated reduction of -463 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

ASML Holding aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2025. 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.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	184	19	165	8,800	22,089	8.3
2020Q4	155	15	140	8,400	16,368	9.5
2019Q4	158	17	141	6,500	13,285	12
2018Q4	151	18	133		12,939	12