Evonik Industries

Specialty Chemicals
EVK.DE
€ 17 0.09
Share price
$ 8.7 bn
Market Cap
$ 13 bn
Enterprise Value

Carbon footprint

514 Ton
GHG emissions per $ 1 mln investment
15x the weighted average for S&P 500
FY2021
How is this calculated?
-21%
YOY change in GHG emissions
Weaker than the +0.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-1.1%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -8.2% weighted average for S&P 500
FY2022
How is this calculated?

Evonik Industries aims to reduce Scope 1 + 2 by 50% by 2025 from a base year 2008


This target has not been verified as science based according to SBTi
Evonik Industries's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Evonik Industries's GHG emissions (market-based) (Kt of CO2e)
Evonik Industries's Carbon intensity (Tons per 1 USDm)

Evonik Industries's carbon footprint

Evonik Industries reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 6,455 Kt (-1,740 /-21.2% y-o-y). Also positively, carbon intensity tumbled to 364 t (-210 /-36.6% y-o-y).

Evonik Industries's Scope 3 emissions was up at 28,400 Kt (+1,900/+7.2% y-o-y). This is broadly in line with the growth trend (CAGR +6.8% since 4Q'19).

The company is committed to reducing Scope 1 + 2 by 50% by 2025 from a base year 2008, which translates into the estimated reduction of -71 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Evonik Industries also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Specialty chemicals company Evonik Industries AG commits to reduce absolute scope 1 and 2 GHG emissions 25% by 2030 from a 2021 base year. Evonik Industries AG commits to reduce scope 1 GHG emissions from electricity generation 44% per MWh by 2030 from a 2021 base year. Evonik Industries AG commits to reduce all other absolute scope 1 and 2 GHG emissions 23.5% by 2030 from a 2021 base year. Evonik Industries AG commits to reduce scope 1 and 3 GHG emissions from the generation of all sold electricity 44% per MWh by 2030 from a 2021 base year.* Evonik Industries AG commits to reduce all other absolute upstream scope 3 GHG emissions as well as emissions from downstream transportation and distribution 11.07 % by 2030 from a 2021 base year. Evonik Industries AG commits to reduce absolute scope 3 GHG emissions from the use of sold products covering fossil fuels sold and distributed 22.5% by 2030 from a 2021 base year. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.

Company environmental metrics

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