Starbucks Corp.

"Starbucks Corp., a company based in the USA, has set a net zero target for 2050. Net Zero Tracker
This commitment is part of the Transform to Net Zero initiative, which aims to accelerate the transition to a net zero global economy. Net Zero Tracker
In addition to this, Starbucks has an interim target to achieve a 50% absolute reduction in scope 1, 2, and 3 greenhouse gas emissions, which represent all of Starbucks's direct operations and value chain, by 2030 relative to 2019 emissions. Net Zero Tracker
An interesting fact about their environmental policy is that it covers scope …"

Current Score (vs. LY)

61.0 pts (2.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #38

S&P100: #23

Consumer Discretionary: #5

93.3%

Transparency

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

57.5%

Commitments

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

33.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 372,020309,570349,178
Scope 2 - location-based 923,483794,386877,440
Scope 2 - market-based 474,774317,118396,487
Scope 1-2 - location-based 1,295,5031,103,9561,226,618
Scope 1-2 - market-based 846,794 626,688 745,665
Scope 3 13,859,07812,287,65113,794,669
Total - location-based 15,154,58113,391,60715,021,287
Total - market-based 14,502,455 11,740,339 14,376,275

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 16,084,45014,502,455
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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Starbucks Corp. belongs to the sector Consumer Discretionary.

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
S1S2MKT 50.0 2019 2030
S1S2S3MKT 50.0 2019 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

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


Science-based Targets (SBTI)

Date Published / Updated :01/03/2021

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 No target No
Starbucks Corp. is a member of the Business Ambition for 1.5 campaign (link here )

Starbucks commits to reduce absolute scope 1, scope 2, and scope 3 GHG emissions 50% by FY2030 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 Starbucks 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) Yes (nature-based removals e.g. Forestation, soil carbon enhancement)

Additional notes: Nature-based: 'Early in FY21, Starbucks launched projects with Conservation International in Huila, Colombia, and San Martin, Peru, to not only remove carbon and support our carbon neutral goals, but to provide freshwater ecosystems benefits and improve biodiversity' (p.37, 2022 ESG Report)

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 3.0 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 10.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 23.0 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 10.0 10.0 2.5
Results 10.0 30.0 2.5
Total 61.0 100.0 2.5


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 2.5
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? NC 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
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? 6.2
5.0 / 5.0 5.0 0.0 4.7
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 5.6
5.0 / 5.0 5.0 0.0 4.5
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 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 9.1
Actual (in %): -13.6
0.0 / 5.0 0.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 6.2
Actual (in %): -35.1
0.0 / 5.0 0.0 0.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %): 9.1
Actual (in %): -0.9
0.0 / 5.0 0.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 5.6
Actual (in %): -23.5
0.0 / 5.0 0.0 0.0 5.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.5°C 10.0 / 10.0 7.5 2.5 7.5
Total 61.0 / 100.0 58.5 2.5 75.2


Available Data Sources

Reporting Year 2022 2021 2021 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019 2019
Source Wikirate (NV) NZPDU Yourstake Wikirate (NV) Public CDP NZPDU Public Wikirate (NV) Public Public Wikirate (NV) CDP NZPDU
Publication Year 2023 2022 unknown 2021 2022 2021 2021 2021 2021 2022 2021 2021 2020 2020
Scope 1 NA 372,020 372,020 372,020 372,020 309,570 309,570 310,000 310,000 349,178 381,000 349,178 381,199 381,198
Scope 2 - location-based 789,349 923,483 923,483 846,794 923,483 794,386 794,386 794,000 794,000 877,440 790,000 745,665 790,373 790,373
Scope 2 - market-based NA 474,774 474,774 NA 474,774 317,118 317,118 317,000 NA 396,487 282,000 NA 281,701 281,700
Scope 1-2 - location-based 789,349 1,295,503 1,295,503 1,218,814 1,295,503 1,103,956 1,103,956 1,104,000 1,104,000 1,226,618 1,171,000 1,094,843 1,171,572 1,171,571
Scope 1-2 - market-based NA 846,794 846,794 NA 846,794 626,688 626,688 627,000 NA 745,665 663,000 NA 662,900 662,898
Scope 3 14,134,864 13,859,078 13,859,078 13,859,078 13,655,661 12,287,651 12,287,651 12,288,100 12,288,000 13,794,669 13,906,900 13,794,670 14,963,994 14,963,988
Total - location-based 14,924,213 15,154,581 15,154,581 15,077,892 14,951,164 13,391,607 13,391,607 13,392,100 13,392,000 15,021,287 15,077,900 14,889,513 16,135,566 16,135,559
Total - market-based NA 14,502,455 14,705,872 NA 14,705,872 11,740,339 11,740,339 12,915,100 NA 14,376,275 14,569,900 NA 14,287,632 14,287,625

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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