Believe S.A.

Believe S.A. reported total global emissions of 23,906,000 kg CO2e in 2024. This included 188,600 kg CO2e from Scope 1, 690,400 kg CO2e (market-based) from Scope 2, and 23,027,000 kg CO2e from Scope 3. Notably, Scope 3 emissions in 2024 were primarily driven by purchased goods and services (16,095,000 kg CO2e) and upstream transportation and distribution (4,152,000 kg CO2e).

For 2023, Believe S.A. reported Scope 1 emissions of 127,600 kg CO2e and Scope 2 emissions of 1,137,900 kg CO2e. In 2022, Scope 1 emissions were 306,180 kg CO2e and Scope 2 emissions were 401,860 kg CO2e. The company also disclosed Scope 1 emissions of 44,895,000 kg CO2e and Scope 2 emissions of 42,212,000 kg CO2e in 2021.

Believe S.A. has set near-term Science Based Targets initiative (SBTi) commitments to reduce its greenhouse gas emissions. The company aims to reduce absolute Scope 1 GHG emissions by 47.62% by 2030 from a 2023 base year. Similarly, Believe S.A. commits to reducing absolute Scope 2 GHG emissions by 47.62% by 2030 from a 2023 base year. Furthermore, it plans to reduce absolute Scope 3 GHG emissions by 39.4% by 2030 from a 2023 base year. These targets are classified as consistent with reductions required to keep warming to 1.5°C.