Primary Climate Goal
CRH's target annual Scope 1 + 2 emissions for 2030 should be equal to 26,250 Kt = 25% * 35,000 Kt, according to the company's stated climate goal.
In order to achieve this goal, CRH would need to reduce its emissions at least by -906 Kt per annum over the period from 2023 to 2030:
-906 Kt = ( 26,250 Kt - 33,500 Kt ) / (2030 - 2022)
This translates into a -2.7% reduction in 2023.
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.
CRH aims to reduce Scope 1 + 2 by 25% by 2030 from a base year 2020
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
CRH reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 33,500 Kt (-2,500 /-6.9% y-o-y). Also positively, carbon intensity declined marginally to 971 t (-8.4 /-0.9% y-o-y).
CRH's Scope 3 emissions grew to 12,900 Kt (
The company is committed to reducing Scope 1 + 2 by 25% by 2030 from a base year 2020, which translates into the estimated reduction of -906 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.
CRH also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. CRH commits to reduce gross scope 1 and scope 2 GHG emissions 33.5% per tonne of cementitious product by 2030 from a 2021 base year*. CRH also commits to reduce absolute gross scope 1 and 2 GHG emissions from other activities 42.0% by 2030 from a 2021 base year*. CRH further commits to reduce gross scope 3 GHG emissions 23.5% from purchased clinker and cement per tonne purchased over the same timeframe. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.