DSM

DSM reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,240 Kt (+70/+6% y-o-y). Carbon intensity also increased marginally to 131 t (+0.4/+0.3% y-o-y).

DSM's Scope 3 emissions was up at 12,000 Kt (+400/+3.4% y-o-y). This is a higher growth rate than over the period since 4Q'18 (+2% CAGR).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

DSM also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Royal DSM commits to reduce absolute scope 1 and 2 GHG emissions 59% by 2030 from a 2016 base year.* DSM also commits to reduce scope 3 GHG emissions from purchased goods and services, upstream transportation and distribution and waste generated in operations 28% per ton of sold product by 2030 from a 2016 base year. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.