Primary Climate Goal
Derwent London's target annual Scope 1 + 2 emissions for 2030 should be equal to 0 Kt = 0% * 5.3 Kt, according to the company's stated climate goal.
In order to achieve this goal, Derwent London would need to reduce its emissions at least by -0.53 Kt per annum over the period from 2021 to 2030:
-0.53 Kt = ( 0 Kt - 5.3 Kt ) / (2030 - 2020)
This translates into a -10% reduction in 2021.
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.
Derwent London aims to achieve carbon neutrality for Scope 1 + 2 by 2030
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
Derwent London reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 5.3 Kt (-2.3 /-30.4% y-o-y). Also positively, carbon intensity plummeted to 15 t (-11 /-41.2% y-o-y).
Derwent London's Scope 3 emissions plummeted to 7.7 Kt (
The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -0.53 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Derwent London aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.
Derwent London also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. British-based investment and development company Derwent London commits to reduce scope 1 and 2 GHG emissions 55% per square meter by 2027 from a 2013 base year. Derwent London also commits to reduce scope 3 GHG emissions 20% per square meter by 2027 from a 2017 base year.