HeidelbergCement AG

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.