Primary Climate Goal
Severn Trent's target annual Scope 1 + 2 emissions for 2030 should be equal to 145 Kt = 46% * 268 Kt, according to the company's stated climate goal.
In order to achieve this goal, Severn Trent would need to reduce its emissions at least by -2.1 Kt per annum over the period from 2022 to 2030:
-2.1 Kt = ( 145 Kt - 164 Kt ) / (2030 - 2021)
This translates into a -1.3% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Severn Trent aims to reduce Scope 1 + 2 by 46% by 2030 from a base year 2019
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Severn Trent reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 March 2021 at 164 Kt (-96 /-36.9% y-o-y). Also positively, carbon intensity decreased to 72 t (-36 /-33.1% y-o-y).
No public disclosure of Scope 3 emissions has been found for Severn Trent at the moment.
The company is committed to reducing Scope 1 + 2 by 46% by 2030 from a base year 2019, which translates into the estimated reduction of -2.1 Kt per annum over the period of FY2022 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Severn Trent also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Severn Trent commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by FY2031 from a FY2020 base year.* Severn Trent commits to reduce absolute scope 3 GHG emissions from use of sold products 13.5% within the same timeframe. Severn Trent commits that 70% of its suppliers by emissions covering purchased goods and services, capital goods, upstream transportation and distribution and waste generated in operations will have science-based targets by FY2026. *The target boundary includes biogenic emissions and removals from bioenergy feedstocks.