Metso Outotec

Metso Outotec reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 49 Kt (-3.4 /-6.6% y-o-y). Also positively, carbon intensity was down at 8.8 t (-1.6 /-15.4% y-o-y).

Metso Outotec's Scope 3 emissions jumped to 3,650 Kt (+330/+10% y-o-y). This is a higher growth rate than over the period since 4Q'19 (+7.5% CAGR).

The company is committed to achieving net zero for Scope 1 + 2 by 2030, which translates into the estimated reduction of -6.1 Kt per annum over the period of FY2023 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Metso Outotec also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Metso Outotec commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Metso Outotec commits to reduce scope 3 GHG emissions from the use of sold products as well as upstream and downstream transportation 20% by 2025 from a 2019 base year. Metso Outotec commits that 30% of its direct suppliers by spend covering purchased goods and services, will have science-based targets by 2025.