Beiersdorf AG

Beiersdorf AG reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2022 at 92 Kt (-9.6 /-9.5% y-o-y). Also positively, carbon intensity was down at 9.9 t (-1.3 /-11.6% y-o-y).

Beiersdorf AG's Scope 3 emissions was down at 1,034 Kt (-45 /-4.2% y-o-y). This is broadly in line with the declining trend (CAGR -4.1%) since 4Q'18.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -3.3 Kt per annum over the period of FY2023 - FY2050. 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 all Scopes by 30% by 2030 from a base year 2018, which translates into the estimated reduction of -22 Kt per annum over the period of FY2023 - 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 30% by 2030 from a base year 2018, which translates into the estimated reduction of -22 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Beiersdorf AG also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Beiersdorf commits to reduce absolute scope 1 and 2 GHG emissions 30%, and scope 3 GHG emissions 10% by 2025 from a 2018 base year.