General Dynamics

"General Dynamics, a company based in the USA, has set a net zero target to become carbon neutral by 2060. Net Zero Tracker
This goal is supported by an interim target to reduce greenhouse gas emissions by 40% by 2034, relative to 2019 emissions. Net Zero Tracker
This target aligns with the 2 degrees Science Based Targets initiative (SBTi) and covers both carbon dioxide and other greenhouse gases, including scope 1 and scope 2 emissions. Net Zero Tracker
The company does not specify if scope 3 emissions are covered by its target. Net Zero Tracker
General Dynamics also plans to …"

Current Score (vs. LY)

20.5 pts (-20.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #137

S&P100: #91

Industrials: #20

26.7%

Transparency

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

0.0%

Commitments

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

41.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2020Y2019Y2018
Scope 1 292,100317,081306,430
Scope 2 - location-based 410,400449,7500
Scope 2 - market-based 388,500445,119487,731
Scope 1-2 - location-based 702,500766,831306,430
Scope 1-2 - market-based 680,600 762,200 794,161
Scope 3 0244,7940
Total - location-based 702,5001,011,625306,430
Total - market-based 680,600 863,650 794,161

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 66,884,565222,875,493
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

General Dynamics 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
S1S2LOC 40.0 2019 2034

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

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

Date Published / Updated :01/09/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by FY2029 No target No

NAMICS CORPORATION commits to reduce absolute scope 1 and 2 GHG emissions 42% by FY2029 from a FY2019 base year.

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 General Dynamics by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: Offsets not specified for Scope 1 and 2. Offsets for Scope 3 (not target): 2 subsidiaries - Gulfstream and Jet Aviation - allow customers to purchase offsets. Gulfstream customers can also pay an annual fee to fund investments "in environmentally beneficial activities such as wind energy, forest management, farm power and recovery of landfill gas" to reduce carbon emissions. Jet Aviation also participates in the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), EU Emissions Trading System (EU ETS), and other carbon offset and carbon reduction schemes." (pgs. 32 and 34, https://www.gd.com/-/media/gd-corporate/responsibility/gd-2022-corporate-sustainability-report.ashx)

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 0.0 10.0 -10.0
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 8.0 30.0 -10.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -2.5
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 0.0 40.0 -2.5
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 10.0 -5.0
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 -2.5
Results 12.5 30.0 -7.5
Total 20.5 100.0 -20.0


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? NC 0.0 / 5.0 5.0 -5.0 0.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 5.0 -5.0 0.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 0.0 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)? B 8.0 / 10.0 8.0 0.0 9.0
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? NC 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2034 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 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 2.5 -2.5 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? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 2.7
Actual (in %): 8.4
5.0 / 5.0 5.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
 0.0 / 5.0 5.0 -5.0 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: 1.7°C 7.5 / 10.0 10.0 -2.5 0.0
Total 20.5 / 100.0 40.5 -20.0 9.0


Available Data Sources

Reporting Year 2020 2019 2019 2019 2018 2017
Source Public CDP Yourstake CDP CDP CDP
Publication Year 2022 2021 unknown 2020 2020 2020
Scope 1 292,100 317,081 317,081 317,081 306,430 305,836
Scope 2 - location-based 410,400 449,750 449,750 0 0 0
Scope 2 - market-based 388,500 445,119 445,119 445,119 487,731 478,428
Scope 1-2 - location-based 702,500 766,831 766,831 317,081 306,430 305,836
Scope 1-2 - market-based 680,600 762,200 762,200 762,200 794,161 784,264
Scope 3 0 244,794 244,794 0 0 0
Total - location-based 702,500 1,011,625 1,011,625 317,081 306,430 305,836
Total - market-based 680,600 863,650 1,006,994 762,200 794,161 784,264

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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