Primary Climate Goal
Avery Dennison's target annual all Scopes emissions for 2050 should be equal to 0 Kt = 0% * 948 Kt, according to the company's stated climate goal.
In order to achieve this goal, Avery Dennison would need to reduce its emissions at least by -31 Kt per annum over the period from 2020 to 2050:
-31 Kt = ( 0 Kt - 948 Kt ) / (2050 - 2019)
This translates into a -3.2% reduction in 2020.
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.
Avery Dennison aims to achieve net zero for all Scopes by 2050
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
Avery Dennison reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 402 Kt (-72 /-15.2% y-o-y). Also positively, carbon intensity declined to 58 t (-9.3 /-13.9% y-o-y).
Avery Dennison's Scope 3 emissions declined to 474 Kt (
The company is committed to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -31 Kt per annum over the period of FY2020 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Avery Dennison also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Avery Dennison commits to reduce absolute scope 1 and 2 GHG emissions 70% by 2030 from a 2015 base year. Avery Dennison also commits to reduce absolute scope 3 GHG emissions from purchased goods and services and end of life treatment of sold products 30% by 2030 from a 2018 base year.