Richemont

Apparel, Accessories & Luxury Goods

CFR.SW

CHF 112 1.9

Share price

$ 70 bn

Market Cap

$ 67 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.01x the weighted average for S&P 500

FY2021

Primary Climate Goal

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

FY2022

Richemont aims to reduce Scope 1 + 2 by 46% by 2030 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

1.5°C

GHG emissions and Carbon intensity

Richemont reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 20 Kt (+2.9/+17% y-o-y). Carbon intensity also .

Richemont's Scope 3 emissions jumped to 1,566 Kt (+491/+46% y-o-y). The growth rate declined vs. the previous periods (CAGR +58% since 4Q'16).

The company is committed to reducing Scope 1 + 2 by 46% by 2030 from a base year 2019, 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	20	13	6.6	1,566
2020Q4	17	11	5.7	1,075
2019Q4	60	16	44	214
2018Q4	78	20	59	203
2017Q4	69	13	55	110
2016Q4	78	15	63	101
2016Q1	71	14	57	101	11,895	6