HeidelbergCement AG

Building Products
HEI.DE
€ 86 (3.3)%
Share price
$ 17 bn
Market Cap
$ 17 bn
Enterprise Value

Carbon footprint

4,092 Ton
GHG emissions per $ 1 mln investment
121x the weighted average for S&P 500
FY2022
How is this calculated?
-5.2%
YOY change in GHG emissions
Weaker than the +0.5% weighted average for S&P 500
FY2022 vs. previous year

Primary Climate Goal

-3.6%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Weaker than the -8.2% weighted average for S&P 500
FY2023
How is this calculated?

HeidelbergCement AG aims to achieve net zero for Scope 1 + 2 by 2050


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

GHG emissions and Carbon intensity

HeidelbergCement AG's GHG emissions (location-based) (Kt of CO2e)
HeidelbergCement AG's Carbon intensity (Tons per 1 USDm)

HeidelbergCement AG's carbon footprint

HeidelbergCement AG reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 70,690 Kt (-3,860 /-5.2% y-o-y). Also positively, carbon intensity decreased to 3,175 t (-180 /-5.4% y-o-y).

HeidelbergCement AG's Scope 3 emissions surged to 22,000 Kt (+2,000/+10% y-o-y). The parameter has been fairly volatile.

The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -2,525 Kt per annum over the period of FY2023 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

HeidelbergCement AG also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Heidelberg Materials commits to reduce gross scope 1 and 2 GHG emissions by 26.7% per ton of cementitious material by 2030 from a 2020 base year*. Within this target Heidelberg Materials commits to reduce gross scope 1 GHG emissions by 24% per ton of cementitious material and scope 2 GHG emissions 65% per ton cementitious material within the same timeframe*. Heidelberg Materials also commits to reduce absolute scope 3 GHG emissions from purchased goods and services 25% within the same timeframe. *The target boundary includes land-related emissions and removals from bioenergy feedstocks.

Company environmental metrics

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