Primary Climate Goal
Hasbro's target annual Scope 1 + 2 emissions for 2025 should be equal to 12 Kt = 20% * 15 Kt, according to the company's stated climate goal.
In order to achieve this goal, Hasbro would need to reduce its emissions at least by -0.19 Kt per annum over the period from 2021 to 2025:
-0.19 Kt = ( 12 Kt - 13 Kt ) / (2025 - 2020)
This translates into a -1.5% reduction in 2021.
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.
Hasbro aims to reduce Scope 1 + 2 by 20% by 2025 from a base year 2015
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
Hasbro reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 13 Kt (-0.12 /-1% y-o-y). Also positively, carbon intensity tumbled to 2.3 t (-0.4 /-14.8% y-o-y).
Hasbro reported Scope 3 emissions for the the twelve months ending31 December 2020 at 386
The company is committed to reducing Scope 1 + 2 by 20% by 2025 from a base year 2015, which translates into the estimated reduction of -0.19 Kt per annum over the period of FY2021 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Hasbro also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Hasbro commits to reach net-zero greenhouse gas emissions across the value chain by 2050 from a 2020 base year. Near-Term Targets Hasbro commits to reduce absolute scope 1 and 2 GHG emissions 47.5% by 2030 from a 2020 base year. Hasbro also commits to reduce absolute scope 3 GHG emissions 42% within the same timeframe. Long-Term Targets Hasbro commits to reduce absolute scope 1, 2, and 3 GHG emissions 90% by 2050 from a 2020 base year.