ITV plc

ITV plc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 4.6 Kt (-3.5 /-43.6% y-o-y). Also positively, carbon intensity plunged to 1 t (-1.2 /-54.5% y-o-y).

ITV plc's Scope 3 emissions decreased to 712 Kt (-61 /-7.9% y-o-y). This is broadly in line with the declining trend (CAGR -7.2%) since 4Q'19.

The company is committed to reducing Scope 1 + 2 by 46.2% by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving carbon neutrality for all Scopes by 2030, which translates into the estimated reduction of -80 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to reducing Scope 3 by 28% by 2030 from a base year 2019, which translates into the estimated reduction of -7.9 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

ITV plc aims to achive carbon neutrality across its entire value chain (all Scopes) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.