Adecco Group AG

Human Resource & Employment Services
ADEN.SW
CHF 29 4.7
Share price
$ 4.9 bn
Market Cap
$ 8.4 bn
Enterprise Value

Carbon footprint

6.6 Ton
GHG emissions per $ 1 mln investment
0.17x the weighted average for S&P 500
FY2020
How is this calculated?
-38%
YOY change in GHG emissions
Weaker than the +5% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-1.4%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -6.6% weighted average for S&P 500
FY2021
How is this calculated?

Adecco Group AG aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2018


This target has not been verified as science based according to SBTi
Adecco Group AG's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

Secondary Climate Goal

+0%
Proj. YOY change in GHG emissions (Scope 3)
FY2021
How is this calculated?

Adecco Group AG aims to reduce Scope 3 by 50% by 2030 from a base year 2018

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Adecco Group AG's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

GHG emissions and Carbon intensity

Adecco Group AG's GHG emissions (market-based) (Kt of CO2e)
Adecco Group AG's Carbon intensity (Tons per 1 USDm)

Adecco Group AG's carbon footprint

Adecco Group AG reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 56 Kt (-34 /-37.7% y-o-y). Also positively, carbon intensity plunged to 2.4 t (-1 /-29.4% y-o-y).

Adecco Group AG's Scope 3 emissions plunged to 37 Kt (-31 /-45.6% y-o-y). The decline accelerated compared to the CAGR of -20.7% since 4Q'18.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2018, which translates into the estimated reduction of -0.8 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 reducing Scope 3 by 50% by 2030 from a base year 2018, which it appears to have already achieved as of 2020. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Adecco Group AG aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. 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.

Company environmental metrics

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