Swedish Match

Swedish Match reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 31 Kt (-0.67 /-2.1% y-o-y). Also positively, carbon intensity plummeted to 16 t (-3.6 /-18% y-o-y).

Swedish Match's Scope 3 emissions plummeted to 153 Kt (-13 /-8.1% y-o-y). The decline accelerated compared to the CAGR of -3.5% since 4Q'16.

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Swedish Match also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Tobacco company Swedish Match commits to reduce absolute scope 1, 2 and 3 GHG emissions 41 % by 2030 and 75 % by 2050 from a 2017 base year.