Eurazeo
Carbon footprint
Primary Climate Goal
Eurazeo aims to achieve carbon neutrality for all Scopes by 2040
GHG emissions and Carbon intensity
Eurazeo reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 0.18 Kt (+0.05/+33% y-o-y). Carbon intensity also increased to 0 t (0 y-o-y).
Eurazeo's Scope 3 emissions soared to 12 Kt (
The company is committed to achieving carbon neutrality for all Scopes by 2040, which translates into the estimated reduction of -0.63 Kt per annum over the period of FY2022 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Eurazeo aims to achive carbon neutrality across its entire value chain (all Scopes) in 2040. 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.
Eurazeo also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Eurazeo's portfolio targets cover 39% of its total investment and lending activities by invested capital as of September 2021. Full target: https://sciencebasedtargets.org/resources/files/Target-language-and-summary_Eurazeo.docx.pdf