Proximus SA

Integrated Telecommunication Services
PROX.BR
€ 11 (2.4)%
Share price
$ 3.4 bn
Market Cap
$ 6.7 bn
Enterprise Value

Carbon footprint

4 Ton
GHG emissions per $ 1 mln investment
0.1x the weighted average for S&P 500
FY2021
How is this calculated?
-2.9%
YOY change in GHG emissions
Weaker than the +5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

Proximus SA aims to reduce Scope 1 + 2 by 30% by 2025 from a base year 2015


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

Secondary Climate Goal

-0.6%
Proj. YOY change in GHG emissions (Scope 3)
Weaker than the -6.2% weighted average for S&P 500
FY2022
How is this calculated?

Proximus SA aims to reduce Scope 3 by 50% by 2040 from a base year 2014

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Proximus SA's actual and proj. GHG emissions (Scope 3) (Kt of CO2e)

GHG emissions and Carbon intensity

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

Proximus SA's carbon footprint

Proximus SA reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 27 Kt (-0.8 /-2.9% y-o-y). Also positively, carbon intensity was down at 4 t (-0.3 /-7% y-o-y).

Proximus SA's Scope 3 emissions declined marginally to 433 Kt (-3.6 /-0.8% y-o-y). The rate of decline has slowed vs. the previous periods (CAGR -14.5% since 4Q'18).

The company is committed to reducing Scope 3 by 50% by 2040 from a base year 2014, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Proximus SA 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 Proximus commits to reach net-zero greenhouse gas emissions across the value chain by 2040 from a 2020 base year. Near-Term Targets Proximus commits to reduce absolute scope 1 GHG emissions 95% by 2030 from a 2020 base year. Proximus also commits to continue sourcing 100% renewable electricity annually until 2030. Proximus further commits to reduce absolute scope 3 GHG emissions 60% by 2030 from a 2020 base yea. Long-Term Targets Proximus commits to maintain a minimum of 95% absolute scope 1 and 2 GHG emission reductions by 2030 through 2040 from a 2020 base year. Proximus commits to reduce absolute scope 3 GHG emissions 90% by 2040 from a 2020 base year.

Company environmental metrics

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