ManpowerGroup Inc

Human Resource & Employment Services

MAN

$ 73 0.31

Share price

$ 3.6 bn

Market Cap

$ 4.6 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.17x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -8% weighted average for S&P 500

FY2022

ManpowerGroup Inc aims to reduce Scope 1 + 2 by 60% by 2030 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.5% weighted average for S&P 500

FY2022

ManpowerGroup Inc aims to achieve net zero for all Scopes by 2045

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

ManpowerGroup Inc reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 28 Kt (+0.13/+0.5% y-o-y). At the sime time, carbon intensity was down at 1.3 t (-0.2 /-13.3% y-o-y).

ManpowerGroup Inc's Scope 3 emissions spiked to 728 Kt (+39/+5.6% y-o-y). There has been no consistent trend in recent years.

The company is committed to reducing Scope 1 + 2 by 60% by 2030 from a base year 2019, which translates into the estimated reduction of -1.1 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 achieving net zero for all Scopes by 2045, which translates into the estimated reduction of -31 Kt per annum over the period of FY2022 - FY2045. 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 30% by 2030 from a base year 2019, which translates into the estimated reduction of -23 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.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	28	19	9.1	728	20,724	1.3
2020Q4	28	13	14	689	18,001	1.5
2019Q4	45	21	24	748	20,864	2.2
2018Q4	55	26	28		21,991	2.5
2017Q4	29	15	14		21,034	1.4
2016Q4	37	23	14		19,654	1.9
2015Q4	31	20	12		19,330	1.6