BAE Systems

Aerospace & Defense

BA.L

GBX 1,010 (0.1)%

Share price

$ 38 bn

Market Cap

$ 43 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.28x 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

BAE Systems aims to achieve net zero for Scope 1 + 2 by 2030

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

BAE Systems aims to achieve net zero for Scope 3 by 2050

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

GHG emissions and Carbon intensity

BAE Systems reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2021 at 411 Kt (-76 /-15.7% y-o-y).

BAE Systems's Scope 3 emissions declined to 24 Kt (-31 /-56% y-o-y). This is a higher rate of decline than over the period since 3Q'18 (-36.8% CAGR).

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -46 Kt per annum over the period of FY2022 - 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 achieving net zero for Scope 3 by 2050, which translates into the estimated reduction of -0.83 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q3	411	142	269	24
2020Q3	487	151	336	55
2019Q3	965	480	485	138
2018Q3	1,007	493	514	151
2017Q3	1,053	525	528	147
2016Q3	1,152	580	572	147