Kuehne + Nagel

Kuehne + Nagel reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 181 Kt (+21/+13% y-o-y). At the sime time, carbon intensity plummeted to 4.4 t (-1.9 /-30.2% y-o-y).

Kuehne + Nagel's Scope 3 emissions was down at 14,006 Kt (-2,394 /-14.6% y-o-y). The decline accelerated compared to the CAGR of -5.6% since 4Q'18.

The company is committed to reducing all Scopes by 33% by 2030 from a base year 2019, which translates into the estimated reduction of -248 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to <2°C above pre-industrial levels.

Kuehne + Nagel 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.