Emerson Electric

"Emerson Electric Co. has set a target to achieve net zero greenhouse gas emissions across Scopes 1, 2, and 3 by 2045, using 2021 as the baseline. Net Zero Tracker
The company also has an interim target to reduce emissions by 25% relative to 2021 emissions by 2030. Net Zero Tracker
An interesting fact about their environmental policy is that they conducted a thorough review of all historical energy consumption data, leading to revisions to their energy consumption and emission data for fiscal years 2018-2020. Net Zero Tracker
In addition, you can check out the net-zero commitments and data for …"

Current Score (vs. LY)

50.7 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #69

S&P100: #47

Industrials: #8

63.3%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

60.4%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

25.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 195,945179,149196,962
Scope 2 - location-based 604,629619,446701,556
Scope 2 - market-based 601,141615,961704,052
Scope 1-2 - location-based 800,574798,595898,518
Scope 1-2 - market-based 797,086 795,110 901,014
Scope 3 591,391,8001,845,0000
Total - location-based 592,192,3742,643,595898,518
Total - market-based 592,188,886 2,640,110 901,014

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 448,608,256592,188,886
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Emerson Electric belongs to the sector Industrials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S3 25.0 2021 2030

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2MKT NO 2030
S1S2S3MKT FULL 2045

Science-based Targets (SBTI)

Date Published / Updated :01/05/2023

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by FY2030 Targets Set : 1.5°C by FY2045 Yes by FY2045
Emerson Electric is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target
Emerson commits to reach net-zero greenhouse gas emissions across the value chain by
FY2045.

Near-Term Targets
Emerson commits to reduce absolute scope 1 and scope 2 GHG emissions 90% by FY2030
from a FY2021 base year.* Emerson also commits to reduce absolute scope 3 GHG emissions
25% within the same timeframe.
*The target boundary includes biogenic emissions and removals from bioenergy feedstocks.

Long-Term Targets
Emerson commits to maintain at least 90% absolute scope 1 and 2 GHG emission reductions
from FY2030 through FY2045, relative to a FY2021 base year.* Emerson also commits to
reduce absolute scope 3 GHG emissions 90% by FY2045 from a FY2021 base year.
*The target boundary includes land-related emissions and removals from bioenergy
feedstocks.

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Emerson Electric Co. by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Other conditions
Plans for carbon dioxide removal (CDR) Yes (CCS-based removals e.g. BECCS, DACCS)

Additional notes: CCS-based: 'QatarEnergy has recently announced its new sustainability strategy, aiming to reduce the emissions intensity of its liquefied natural gas (LNG) facilities by 25%. They will be developing carbon capture and utilization processes leveraging its automation partnership with Emerson.' (p31) https://www.emerson.com/en-gb/news/corporate/emerson-joins-carbon-capture-and-storage-program June 3, 2022 - Carbon Management Canada (CMC) welcomes Emerson to its collaborative carbon capture, utilization and storage (CCUS) program. The joint industry partnership program focuses on developing and implementing cost-effective, secure and practical carbon capture and storage (CCS) solutions. https://www.emerson.com/en-gb/news/corporate/emerson-joins-carbon-capture-and-storage-program

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 5.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 19.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 4.166666666666667 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 24.166666666666668 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 0.0
Results 7.5 30.0 0.0
Total 50.7 100.0 0.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 0.0 0.0 0.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 0.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 8.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2030 3.3 / 5.0 3.3 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? 2045 0.8 / 5.0 0.8 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.6°C 7.5 / 10.0 7.5 0.0 2.5
Total 50.7 / 100.0 50.7 0.0 15.5


Available Data Sources

Reporting Year 2021 2021 2020 2020 2020 2019 2019 2018
Source Public Yourstake Public CDP Public Public Public Public
Publication Year 2022 2022 2022 2021 2021 2022 2021 2021
Scope 1 195,945 195,945 179,149 154,082 154,082 196,962 172,553 173,987
Scope 2 - location-based 604,629 604,629 619,446 611,523 611,523 701,556 678,912 692,627
Scope 2 - market-based 601,141 601,141 615,961 611,660 611,660 704,052 682,177 697,535
Scope 1-2 - location-based 800,574 800,574 798,595 765,605 765,605 898,518 851,465 866,614
Scope 1-2 - market-based 797,086 797,086 795,110 765,742 765,742 901,014 854,730 871,522
Scope 3 591,391,800 591,391,800 1,845,000 2,470,000 0 0 0 0
Total - location-based 592,192,374 592,192,374 2,643,595 3,235,605 765,605 898,518 851,465 866,614
Total - market-based 592,188,886 592,188,886 2,640,110 3,065,742 765,742 901,014 854,730 871,522

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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