Primary Climate Goal
Ericsson's target annual all Scopes emissions for 2030 should be equal to 18,359 Kt = 50% * 36,718 Kt, according to the company's stated climate goal.
In order to achieve this goal, Ericsson would need to reduce its emissions at least by -1,167 Kt per annum over the period from 2023 to 2030:
-1,167 Kt = ( 18,359 Kt - 27,693 Kt ) / (2030 - 2022)
This translates into a -4.2% reduction in 2023.
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.
Ericsson aims to reduce all Scopes by 50% by 2030 from a base year 2020
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
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 (
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.