Proximus SA

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.