IBM Corp.

"The text does not provide information on the net zero target of the company IBM Corp. Net Zero Tracker"

Current Score (vs. LY)

62.2 pts (5.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #33

S&P100: #21

Information Technology: #8

93.3%

Transparency

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

47.9%

Commitments

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

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 91,95590,906117,723
Scope 2 - location-based 688,612NANA
Scope 2 - market-based 411,211530,365827,369
Scope 1-2 - location-based 780,56790,906117,723
Scope 1-2 - market-based 503,166 621,271 945,092
Scope 3 531,800706,8821,154,095
Total - location-based 1,312,367797,7881,271,818
Total - market-based 1,034,966 1,328,153 2,099,187

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 1,092,3541,034,966
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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

IBM Corp. belongs to the sector Information Technology.

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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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
OTHER 40.0 2005 2025
S1S2MKT 65.0 2010 2025
S1S2S3MKT 65.0 2010 2025 Note that all the scope 3 emissions categories are not fully covered

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2030

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC FULL 2030

Science-based Targets (SBTI)

Date Published / Updated :01/06/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 No target No

Hines commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2021 base year. Hines also commits to reduce absolute scope 3 GHG emissions from use of sold products and downstream leased assets 42% within the same timeframe.

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 IBM by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals Yes
Conditions on use of offset credits
  • Not include avoided emissions (e.g. via renewable energy projects)
  • Not include emissions reductions (e.g. via greater efficiency)
Plans for carbon dioxide removal (CDR) Yes (CCS-based removals e.g. BECCS, DACCS)

Additional notes: Interim target discludes credits, as does absolute emissions 2030 target. "The company's net zero goal is also accompanied by a specific, numerical target for residual emissions that are likely to remain after IBM has first done all it can across its operations to reduce... Use feasible technologies, such as carbon capture (in or by 2030) to remove emissions in an amount which equals or exceeds the level of IBM's residual emissions." https://newsroom.ibm.com/2021-02-16-IBM-Commits-To-Net-Zero-Greenhouse-Gas-Emissions-By-2030?lnk=hpv18nf1

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 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 10.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 28.0 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 6.666666666666668 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 2.5 10.0 2.5
Commitments 19.166666666666668 40.0 2.5
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 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 10.0 10.0 2.5
Results 15.0 30.0 2.5
Total 62.2 100.0 5.0


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? yes 5.0/ 5.0 5.0 0.0 5.0
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 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 5.0 0.0 5.0
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 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 3.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
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 3.3
Target year for achieving net zero emissions for S1+S2+S3 combined? 2030 3.3 / 5.0 3.3 0.0 3.3
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? -12.5
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? Committed NA 2.5 / 10.0 0.0 2.5 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 47.7
Actual (in %): 76.7
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
 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: 1.3°C 10.0 / 10.0 7.5 2.5 7.5
Total 62.2 / 100.0 57.2 5.0 57.2


Available Data Sources

Reporting Year 2021 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019 2018 2018
Source NZPDU Yourstake Public Public CDP NZPDU Public Public Public CDP NZPDU Public NZPDU
Publication Year 2022 unknown 2022 2022 2021 2021 2021 2022 2021 2020 2020 2021 2019
Scope 1 91,955 91,955 91,955 90,906 90,906 90,906 73,941 117,723 80,159 117,723 117,723 82,314 124,633
Scope 2 - location-based 688,612 688,612 NA NA 828,794 828,794 0 NA 0 987,066 987,066 0 1,133,030
Scope 2 - market-based 411,211 411,211 411,211 530,365 530,365 530,365 530,365 827,369 827,369 827,369 827,369 963,304 963,304
Scope 1-2 - location-based 780,567 780,567 91,955 90,906 919,700 919,700 73,941 117,723 80,159 1,104,789 1,104,789 82,314 1,257,663
Scope 1-2 - market-based 503,166 503,166 503,166 621,271 621,271 621,271 604,306 945,092 907,528 945,092 945,092 1,045,618 1,087,937
Scope 3 531,800 531,800 531,800 706,882 706,387 706,387 275,882 1,154,095 315,095 1,158,414 1,158,414 329,409 1,346,702
Total - location-based 1,312,367 1,312,367 623,755 797,788 1,626,087 1,626,087 349,823 1,271,818 395,254 2,263,203 2,263,203 411,723 2,604,365
Total - market-based 1,034,966 1,034,966 1,034,966 1,328,153 1,327,658 1,327,658 880,188 2,099,187 1,222,623 2,103,506 2,103,506 1,375,027 2,395,622

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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