LPP SA

LPP SA reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 16 Kt (-108 /-86.8% y-o-y). Also positively, carbon intensity plunged to 4.5 t (-56 /-92.6% y-o-y).

LPP SA's Scope 3 emissions took off to 3,018 Kt (+1,847/+158% y-o-y). The parameter has been fairly volatile.

The company is committed to reducing Scope 1 + 2 by 15% by 2025 from a base year 2019, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

LPP SA also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. LPP S.A commits to reduce absolute scope 1 and 2 GHG emissions 42% by FY2030 from a FY2021 base year. LPP S.A also commits to reduce scope 3 GHG emissions from purchased goods and services 51.6% per unit purchased by FY2030 from a FY2021 base year. LPP S.A further commits that 21% of its suppliers by emissions covering upstream transportation and distribution and upstream leased assets, will have science-based targets by FY2027.