Swedish Match

Swedish Match reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 35 Kt (+4.3/+14% y-o-y). At the sime time, carbon intensity declined marginally to 16 t (-0.1 /-0.6% y-o-y).

Swedish Match's Scope 3 emissions grew to 174 Kt (+2.7/+1.6% y-o-y). The growth accelerated compared to the long-term upward trend (CAGR of +0.8% since 4Q'17).

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.