Charles Taylor

Charles Taylor's reported carbon emissions

Charles Taylor demonstrates a strong commitment to climate action, evidenced by its comprehensive reduction targets aligned with the Science Based Targets initiative (SBTi). The company has committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2050. **Emissions Data:** * **2022:** Charles Taylor reported a total of approximately 6.1 million kg CO2e. This breaks down into: * **Scope 1:** Approximately 325,650 kg CO2e, primarily from stationary combustion. * **Scope 2:** Approximately 975,000 kg CO2e, from purchased electricity. * **Scope 3:** Approximately 5.7 million kg CO2e, with significant contributions from business travel (about 3.1 million kg CO2e) and employee commuting (about 1.7 million kg CO2e). Investments accounted for approximately 31,000 kg CO2e, and purchased goods and services contributed around 423,480 kg CO2e. * **2018:** Total emissions were approximately 8.7 million kg CO2e, comprising approximately 554,000 kg CO2e for Scope 1, 1.7 million kg CO2e for Scope 2, and 6.4 million kg CO2e for Scope 3. * **2017:** Total emissions were approximately 15 billion kg CO2e, with Scope 2 emissions around 2.5 billion kg CO2e and Scope 3 emissions around 12.6 billion kg CO2e. **Climate Commitments and Reduction Targets:** Charles Taylor has set ambitious targets through the SBTi, demonstrating a clear strategy for decarbonisation: * **Net-Zero by 2050:** The company aims to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. * **Near-Term Targets (from a 2019 base year):** * A reduction of absolute Scope 1 GHG emissions by 63% by 2034. * A reduction of absolute Scope 2 GHG emissions by 97.7% by 2034. * An increase in the active annual sourcing of renewable electricity from 26.9% in 2019 to 100% by 2030. * **Near-Term Scope 3 Target (from a 2023 base year):** * A reduction of absolute Scope 3 GHG emissions by 58.8% by 2034. * **Long-Term Targets (from a 2019 base year):** * A reduction of absolute Scope 1 and 2 emissions by 90% by 2050. * **Long-Term Scope 3 Target (from a 2023 base year):** * A reduction of absolute Scope 3 GHG emissions by 90% by 2050. These targets indicate Charles Taylor's commitment to significant emissions reductions across all scopes, with a focus on absolute reductions and a transition to renewable electricity. The company's base year for Scope 1 and 2 reductions is 2019, while the Scope 3 base year is 2023.