Diageo

Distillers & Vintners / Brewers

DGE.L

GBX 3,004 (0.76)%

Share price

$ 85 bn

Market Cap

$ 114 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.13x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

Stronger than the -9.3% weighted average for S&P 500

FY2022

Diageo aims to achieve net zero for Scope 1 + 2 by 2030

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (Scope 3)

In line with the +NaN% weighted average for S&P 500

FY2022

Diageo aims to reduce Scope 3 by 50% by 2030 from a base year 2020

1.5°C

GHG emissions and Carbon intensity

Diageo reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 481 Kt (-26 /-5.1% y-o-y). Also positively, carbon intensity decreased sharply to 30 t (-3.8 /-11.2% y-o-y).

Diageo's Scope 3 emissions soared to 4,972 Kt (+2,556/+106% y-o-y). The time series has been volatile over the last few periods.

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -53 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 reducing Scope 3 by 50% by 2030 from a base year 2020, which translates into the estimated reduction of -418 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.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q2	481	446	35	4,972	15,936	30
2020Q2	507	478	29	2,416	14,918	34
2019Q2	552	487	65	2,577	16,992	33
2018Q2	583	512	71	2,463	15,844	37
2017Q2	633	554	79		16,026	40
2016Q2	672	593	79		16,459	41