Swisscom AG

Swisscom AG reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 60 Kt (-8.2 /-12% y-o-y). Also positively, carbon intensity tumbled to 4.9 t (-0.8 /-14% y-o-y).

Swisscom AG's Scope 3 emissions was down at 276 Kt (-20 /-6.7% y-o-y). The rate of decline has slowed compared to the trend since 4Q'18 (CAGR -10.2%).

The company is committed to achieving net zero for Scope 1 + 2 by 2025, which translates into the estimated reduction of -15 Kt per annum over the period of FY2022 - FY2025. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Also, the company commits to reducing Scope 3 by 45.7% by 2030 from a base year 2020, which translates into the estimated reduction of -13 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.

Swisscom AG 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 Swisscom AG commits to reach net-zero greenhouse gas emissions across the value chain by 2035. Near-Term Targets Swisscom AG commits to reduce absolute scope 1, 2 and 3 GHG emissions 60.7% by 2030 from a 2018 base year.* Swisscom AG commits to reduce absolute scope 1 and 2 GHG emissions 80% by 2030 from a 2018 base year.* Swisscom AG commits to reduce absolute scope 3 GHG emissions 60% within the same timeframe.* Swisscom AG further commits to continue active annual sourcing of 100% renewable electricity through 2030. *The target boundary includes land related emissions and removals from bioenergy feedstocks. Long-Term Targets Swisscom AG commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by 2035 from a 2018 base year base year.