Softcat

IT Consulting & Other Services
SCT.L
GBX 1,160 (0.34)%
Share price
$ 2.5 bn
Market Cap
$ 2.4 bn
Enterprise Value

Carbon footprint

0.16 Ton
GHG emissions per $ 1 mln investment
0x the weighted average for S&P 500
FY2021
How is this calculated?
+18%
YOY change in GHG emissions
Stronger than the +4.9% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-100%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -6.6% weighted average for S&P 500
FY2022
How is this calculated?

Softcat aims to achieve carbon neutrality for Scope 1 + 2 by 2022


This target has not been verified as science based according to SBTi
Softcat's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Softcat's GHG emissions (location-based) (Kt of CO2e)
Softcat's Carbon intensity (Tons per 1 USDm)

Softcat's carbon footprint

Softcat reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 30 June 2021 at 0.39 Kt (+0.06/+18% y-o-y). Carbon intensity also grew to 0.3 t (+0.1/+50% y-o-y).

No public disclosure of Scope 3 emissions has been found for Softcat at the moment.

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2022, which translates into the estimated reduction of -0.39 Kt per annum over the period of FY2022 - FY2022. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Softcat aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2022. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.

Softcat 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 Softcat commits to reach net-zero GHG emissions across the value chain by FY2040. Near-Term Targets Softcat commits to reduce absolute scope 1 and 2 GHG emissions 45% by FY2030 from a FY2021 base year. Softcat also commits to reduce absolute scope 3 GHG emissions 40% within the same time frame. Long-Term Targets Softcat commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2040 from a FY2021 base year. Softcat also commits to reduce absolute scope 3 GHG emissions 90% within the same time frame.

Company environmental metrics

Show more...