Michelin

Tires & Rubber
ML.PA
€ 34 0.23
Share price
$ 27 bn
Market Cap
$ 27 bn
Enterprise Value

Carbon footprint

104 Ton
GHG emissions per $ 1 mln investment
3.1x the weighted average for S&P 500
FY2021
How is this calculated?
+12%
YOY change in GHG emissions
Weaker than the -11% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

This company has not set a company-wide target for an absolute reduction in GHG emissions yet

but has a science based goal that does not target absolute reductions but is still aligned with Paris Agreement according to SBTi

GHG emissions and Carbon intensity

Michelin's GHG emissions (market-based) (Kt of CO2e)
Michelin's Carbon intensity (Tons per 1 USDm)

Michelin's carbon footprint

Michelin reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 2,763 Kt (+300/+12% y-o-y). At the sime time, carbon intensity tumbled to 98 t (-5 /-4.9% y-o-y).

No public disclosure of Scope 3 emissions has been found for Michelin at the moment.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Michelin also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Michelin commits to reduce absolute scope 1 and 2 GHG emissions 27.5% by 2030 from a 2019 base year.* Michelin also commits to reduce absolute scope 3 GHG emissions from fuel-and energy-related activities, upstream and downstream transportation and distribution and end-of-life treatment of sold products 15% by 2030 from a 2018 base year. Michelin further commits that 70% of its suppliers by emissions will have science-based targets by 2024. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks

Company environmental metrics

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