Primary Climate Goal
L3Harris's target annual Scope 1 + 2 emissions for 2026 should be equal to 244 Kt = 30% * 348 Kt, according to the company's stated climate goal.
In order to achieve this goal, L3Harris would need to reduce its emissions at least by -5.2 Kt per annum over the period from 2022 to 2026:
-5.2 Kt = ( 244 Kt - 270 Kt ) / (2026 - 2021)
This translates into a -1.9% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
L3Harris aims to reduce Scope 1 + 2 by 30% by 2026 from a base year 2019
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
L3Harris reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 270 Kt (-47 /-14.9% y-o-y). Also positively, carbon intensity declined to 15 t (-2.3 /-13.2% y-o-y).
L3Harris's Scope 3 emissions was down at 98 Kt (
The company is committed to reducing Scope 1 + 2 by 30% by 2026 from a base year 2019, which translates into the estimated reduction of -5.2 Kt per annum over the period of FY2022 - FY2026. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.