Molson Coors Beverage Company

Brewers

TAP

$ 62 0.29

Share price

$ 13 bn

Market Cap

$ 19 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

1.4x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

In line with the -8.2% weighted average for S&P 500

FY2022

Molson Coors Beverage Company aims to reduce Scope 1 + 2 by 50% by 2025 from a base year 2016

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

FY2022

Molson Coors Beverage Company aims to reduce all Scopes by 20% by 2025 from a base year 2016

This target is most likely outdated and the company appears to have already achieved it

1.5°C

GHG emissions and Carbon intensity

Molson Coors Beverage Company reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 970 Kt (-48 /-4.7% y-o-y). At the same time, carbon intensity was up at 105 t (+5.1/+5.1% y-o-y).

Molson Coors Beverage Company's Scope 3 emissions was down at 3,961 Kt (-296 /-7% y-o-y). The decline accelerated compared to the CAGR of -5.3% since 4Q'16.

The company is committed to reducing Scope 1 + 2 by 50% by 2025 from a base year 2016, which translates into the estimated reduction of -75 Kt per annum over the period of FY2022 - FY2025. 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 reducing all Scopes by 20% by 2025 from a base year 2016, which it appears to have already achieved as of 2021. 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 (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	970	606	364	3,961
2020Q4	1,018	398	620	4,257	9,654	105
2019Q4	1,061	406	655	4,572	10,579	100
2018Q4	1,120	436	684	4,936	10,770	104
2017Q4	1,140	448	692	5,289	11,003	104
2016Q4	1,338	472	866	5,505	4,885	274