Walgreens Boots Alliance

Drug Retail

WBA

$ 21 (0.57)%

Share price

$ 18 bn

Market Cap

$ 63 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.69x the weighted average for S&P 500

FY2022

Primary Climate Goal

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

Weaker than the -8% weighted average for S&P 500

FY2023

Walgreens Boots Alliance aims to reduce Scope 1 + 2 by 30% by 2030 from a base year 2019

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

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

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

FY2023

Walgreens Boots Alliance aims to achieve net zero for all Scopes by 2040

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

GHG emissions and Carbon intensity

Walgreens Boots Alliance reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 30 September 2022 at 1,500 Kt (-116 /-7.2% y-o-y). Also positively, carbon intensity declined to 11 t (-0.9 /-7.4% y-o-y).

Walgreens Boots Alliance's Scope 3 emissions grew to 61 Kt (+5/+8.9% y-o-y). The parameter has been fairly volatile.

The company is committed to reducing Scope 1 + 2 by 30% by 2030 from a base year 2019, which translates into the estimated reduction of -21 Kt per annum over the period of FY2023 - 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 achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -87 Kt per annum over the period of FY2023 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q3	1,500	323	1,177	61	132,703	11
2021Q3	1,616	339	1,277	56	132,509	12
2020Q3	1,728	301	1,427	89	121,982	14
2019Q3	1,901	345	1,556	73	136,866	14
2018Q3	2,009	370	1,639	120	131,537	15
2017Q3	2,231	357	1,863	123	118,214	19