Pandora

Apparel, Accessories & Luxury Goods

PNDORA.CO

DKK 1,150 (0.35)%

Share price

$ 14 bn

Market Cap

$ 15 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.03x the weighted average for S&P 500

FY2022

Primary Climate Goal

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

In line with the -9.3% weighted average for S&P 500

FY2023

Pandora aims to reduce Scope 1 + 2 by 90% by 2030 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -1.4% weighted average for S&P 500

FY2023

Pandora aims to achieve net zero for all Scopes by 2040

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

GHG emissions and Carbon intensity

Pandora reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 16 Kt (-6 /-27.1% y-o-y). Also positively, carbon intensity declined to 4.3 t (-1.6 /-27.1% y-o-y).

Pandora's Scope 3 emissions was up at 264 Kt (+8.9/+3.5% y-o-y). There has been no consistent trend in recent years.

The company is committed to reducing Scope 1 + 2 by 90% by 2030 from a base year 2019, which translates into the estimated reduction of -1.4 Kt per annum over the period of FY2023 - 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 2040, which translates into the estimated reduction of -16 Kt per annum over the period of FY2023 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	16	1.1	15	264	3,754	4.3
2021Q4	22	1.2	21	255	3,733	5.9
2020Q4	24	1.3	22	266	2,989	7.9
2019Q4	51	1.3	50	246	3,290	16