WPP plc

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WPP.L

$ 696 (1.7)%

Share price

$ 0.1 bn

Market Cap

$ 0.17 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

5.8x the weighted average for S&P 500

FY2021

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Stronger than the -8.2% weighted average for S&P 500

FY2022

WPP plc aims to reduce Scope 1 + 2 by 84% by 2025 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -6.5% weighted average for S&P 500

FY2022

WPP plc aims to achieve net zero for all Scopes by 2030

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

WPP plc reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 35 Kt (-17 /-32.4% y-o-y). Also positively, carbon intensity plummeted to 16 t (-16 /-50.8% y-o-y).

WPP plc's Scope 3 emissions decreased to 11 Kt (-12 /-51% y-o-y). This is a higher rate of decline than over the period since 4Q'15 (-26.5% CAGR).

The company is committed to reducing Scope 1 + 2 by 84% by 2025 from a base year 2019, which translates into the estimated reduction of -5.3 Kt per annum over the period of FY2022 - FY2025. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2030, which translates into the estimated reduction of -5.2 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.

Also, the company commits to reducing Scope 3 by 50% by 2030 from a base year 2019, which it appears to have already achieved as of 2021. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2021Q4	35	13	22	11	2,243	16
2020Q4	52	22	30	23	1,628	32
2019Q4	88	25	63	80	1,548	57
2018Q4	81	7.3	74	85	1,640	50
2017Q4	110			90
2016Q4	125			92
2015Q4	131			99