Ericsson

Ericsson reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 84 Kt (-12 /-12.8% y-o-y). Also positively, carbon intensity declined to 3.1 t (-0.4 /-11.4% y-o-y).

Ericsson's Scope 3 emissions plunged to 27,609 Kt (-7,028 /-20.3% y-o-y). This is a higher rate of decline than over the period since 4Q'20 (-9% CAGR).

The company is committed to reducing all Scopes by 50% by 2030 from a base year 2020, which translates into the estimated reduction of -1,167 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Ericsson also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Multinational networking and telecommunications company Ericsson commits to reduce absolute scope 1 and 2 GHG emissions 35% by 2022 from a 2016 base year. Within the same timeframe, Ericsson also commits to a 35% reduction in the scope 3 emissions from business travel and upstream and downstream transportation, and to a 35% reduction in the energy consumption of comparable sold products in 2016.