DSM

Specialty Chemicals

DSM.AS

€ 114 0

Share price

$ 0.82 bn

Market Cap

$ 21 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

1.6x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8.2% weighted average for S&P 500

FY2022

DSM aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2016

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2022

DSM aims to achieve net zero for all Scopes by 2050

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

GHG emissions and Carbon intensity

DSM reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1,210 Kt (-30 /-2.4% y-o-y). Also positively, carbon intensity declined to 111 t (-20 /-15.2% y-o-y).

DSM's Scope 3 emissions was down at 11,700 Kt (-300 /-2.5% y-o-y). There has been no consistent trend in recent years.

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2016, which translates into the estimated reduction of -51 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -445 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 (market-based Scope 1 & 2) (Kt)	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	1,210	11,700	10,924	111
2020Q4	1,240	12,000	9,492	131
2019Q4	1,170	11,600	8,989	130
2018Q4	1,230	11,300	10,956	112
2017Q4	1,500	13,120	9,744	154
2016Q4	1,500		8,729	172
2015Q4	0		8,650	0
2014Q4	0		12,244	0

DSM