Adidas

Apparel, Accessories & Luxury Goods / Footwear

ADS.DE

€ 190 0.89

Share price

$ 37 bn

Market Cap

$ 42 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.12x the weighted average for S&P 500

FY2022

Primary Climate Goal

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

Stronger than the -9.3% weighted average for S&P 500

FY2023

Adidas aims to reduce Scope 1 + 2 by 90% by 2025 from a base year 2017

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -1.4% weighted average for S&P 500

FY2023

Adidas aims to reduce all Scopes by 30% by 2030 from a base year 2017

1.5°C

GHG emissions and Carbon intensity

Adidas reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 164 Kt (+26/+19% y-o-y). Carbon intensity also increased to 6.9 t (+1.4/+25% y-o-y).

Adidas's Scope 3 emissions grew to 7,524 Kt (+468/+6.6% y-o-y). The time series has been volatile over the last few periods.

The company is committed to reducing Scope 1 + 2 by 90% by 2025 from a base year 2017, which translates into the estimated reduction of -50 Kt per annum over the period of FY2023 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing all Scopes by 30% by 2030 from a base year 2017, which translates into the estimated reduction of -635 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 30% by 2030 from a base year 2017, which translates into the estimated reduction of -193 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	164	22	142	7,524	23,759	6.9
2021Q4	138	13	126	7,056	25,202	5.5
2020Q4	27	6.7	20	11,638	23,236	1.2
2019Q4	28	6.6	22	15,204	26,570	1.1
2018Q4	68	12	55		25,909	2.6
2017Q4	151	12	49	8,543	23,952	6.3