Derwent London

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 (-4.1 /-34.4% y-o-y). The decline accelerated compared to the CAGR of -15.1% since 4Q'17.

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 science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

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.