Primary Climate Goal
Aptiv's target annual all Scopes emissions for 2040 should be equal to 0 Kt = 0% * 7,623 Kt, according to the company's stated climate goal.
In order to achieve this goal, Aptiv would need to reduce its emissions at least by -381 Kt per annum over the period from 2021 to 2040:
-381 Kt = ( 0 Kt - 7,623 Kt ) / (2040 - 2020)
This translates into a -5% reduction in 2021.
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.
Aptiv aims to achieve carbon neutrality for all Scopes by 2040
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
Aptiv reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 323 Kt (-35 /-9.7% y-o-y). Also positively, carbon intensity declined marginally to 25 t (-0.2 /-0.8% y-o-y).
Aptiv's Scope 3 emissions tumbled to 7,300 Kt (
The company is committed to achieving carbon neutrality for all Scopes by 2040, which translates into the estimated reduction of -381 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.
Aptiv aims to achive carbon neutrality across its entire value chain (all Scopes) in 2040. 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.