Molson Coors Beverage Company

Molson Coors Beverage Company reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1,018 Kt (-43 /-4.1% y-o-y). At the same time, carbon intensity grew to 105 t (+5.1/+5.1% y-o-y).

Molson Coors Beverage Company's Scope 3 emissions decreased to 4,257 Kt (-315 /-6.9% y-o-y). This is a higher rate of decline than over the period since 4Q'16 (-5% CAGR).

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

Molson Coors Beverage Company also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Molson Coors Beverage Company commits to reach net-zero GHG emissions across the value chain by 2050. Near-Term Targets Molson Coors Beverage Company commits to reduce absolute scope 1 and 2 GHG emissions 65% by 2030 from a 2016 base year.* Molson Coors Beverage Company also commits to reduce absolute scope 3 GHG emissions 40% within the same timeframe. *The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks. Long-Term Targets Molson Coors Beverage Company commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2016 base year*. Molson Coors Beverage Company also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe. *The target boundary includes biogenic land-related emissions and removals from bioenergy feedstocks.