Heineken

Brewers
HEIA.AS
€ 86 (1.2)%
Share price
$ 53 bn
Market Cap
$ 73 bn
Enterprise Value

Carbon footprint

19 Ton
GHG emissions per $ 1 mln investment
0.56x the weighted average for S&P 500
FY2020
How is this calculated?
-11%
YOY change in GHG emissions
In line with the -11% weighted average for S&P 500
FY2020 vs. previous year

Primary Climate Goal

-8.9%
Proj. YOY change in GHG emissions (Scope 1 + 2)
In line with the -9.3% weighted average for S&P 500
FY2021
How is this calculated?

Heineken aims to reduce Scope 1 + 2 by 90% by 2030 from a base year 2018


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

Secondary Climate Goal

-2.9%
Proj. YOY change in GHG emissions (Scope 3)
In line with the +NaN% weighted average for S&P 500
FY2021
How is this calculated?

Heineken aims to reduce Scope 3 by 21% by 2030 from a base year 2018


This target has not been verified as science based according to SBTi
Heineken's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

GHG emissions and Carbon intensity

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

Heineken's carbon footprint

Heineken reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,375 Kt (-176 /-11.3% y-o-y). At the same time, carbon intensity was up at 60 t (+2/+3.5% y-o-y).

Heineken's Scope 3 emissions decreased to 18,107 Kt (-891 /-4.7% y-o-y). There has been no consistent trend in recent years.

The company is committed to reducing Scope 1 + 2 by 90% by 2030 from a base year 2018, which translates into the estimated reduction of -122 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 21% by 2030 from a base year 2018, which translates into the estimated reduction of -524 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Heineken 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 Heineken N.V. commits to reach net-zero GHG emissions across the value chain by 2040. Near-Term Targets Energy/industrial Heineken N.V. commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2030 from a 2022 base year*. Heineken N.V. also commits to increase annual active sourcing of renewable electricity from 58% in 2022 to 100% by 2030. Heineken N.V. further commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, upstream leased assets, use of sold products and end-of-life treatment of sold products 25% within the same timeframe. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks. FLAG Heineken N.V. commits to reduce absolute scope 3 FLAG GHG emissions 30.3% by 2030 from a 2022 base year. HEINEKEN N.V. also commits to no deforestation across its primary deforestation-linked commodities, with a target date of 2025. *The target includes FLAG emissions and removals. Long-Term Targets Energy/industrial Heineken N.V. commits to maintain at least 90% absolute scope 1 and 2 GHG emissions reductions from 2030 through 2040 from a 2022 base year*. Heineken N.V. also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy related activities, upstream transportation and distribution, waste generated in operations, business travel, employee commuting, upstream leased assets, use of sold products and end-of-life treatment of sold products 90% by 2040 from a 2022 base year. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks. FLAG Heineken N.V. commits to reduce absolute scope 3 FLAG GHG emissions 80% by 2040 from a 2022 base year*. *The target includes FLAG emissions and removals.

Company environmental metrics

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