Primary Climate Goal
Tecan's target annual Scope 1 + 2 emissions for 2022 should be equal to 0.9 Kt = 33% * 1.3 Kt, according to the company's stated climate goal.
In order to achieve this goal, Tecan would need to reduce its emissions at least by -0.41 Kt per annum over the period from 2022 to 2022:
-0.41 Kt = ( 0.9 Kt - 1.3 Kt ) / (2022 - 2021)
This translates into a -31% 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.
Tecan aims to reduce Scope 1 + 2 by 33% by 2022 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
Tecan reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 1.3 Kt (-0.57 /-30.1% y-o-y). Also positively, carbon intensity tumbled to 1.3 t (-1.1 /-45.8% y-o-y).
Tecan's Scope 3 emissions was up at 2.8 Kt (
The company is committed to reducing Scope 1 + 2 by 33% by 2022 from a base year 2019, which translates into the estimated reduction of -0.41 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.
Tecan 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 Tecan Group Ltd. commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets Tecan Group Ltd commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2022 base year. Tecan Group Ltd also commits to increase active annual sourcing of renewable electricity from 34% in 2022 to 100% by 2025, and to continue active annual sourcing of 100% renewable electricity through 2030. Tecan Group Ltd finally commits to reduce absolute scope 3 GHG emissions 42% by 2030 from a 2022 base year. Long-Term Targets Tecan Group Ltd. commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by 2050 from a 2022 base year.