Eastman

Eastman, a US-based company in the Chemicals nec industry, reported its 2024 Scope 1 emissions as 6,579,760,000 kg CO2e. Its market-based Scope 2 emissions for the same year were 371,443,000 kg CO2e, while location-based Scope 2 emissions were 871,833,000 kg CO2e. Scope 3 emissions from purchased goods and services in 2024 amounted to 5,302,608,000 kg CO2e.

Looking back, in 2023, Eastman's Scope 1 emissions were approximately 5,979,372,000 kg CO2e. In 2022, Scope 1 emissions were about 5,970,870,000 kg CO2e. For 2021, the company disclosed Scope 1 emissions of 6,206,603,000 kg CO2e, market-based Scope 2 emissions of 746,240,000 kg CO2e, and total Scope 3 emissions of 9,889,705,000 kg CO2e. In 2020, Eastman's Scope 1 emissions were 6,270,072,000 kg CO2e and market-based Scope 2 emissions were 974,465,000 kg CO2e. For 2019, Scope 1 emissions were 5,130,068,000 kg CO2e and market-based Scope 2 emissions were 1,636,228,000 kg CO2e. In 2017, Scope 1 emissions stood at 7,125,479,000 kg CO2e and market-based Scope 2 emissions were 1,284,781,000 kg CO2e.

Eastman has set ambitious climate commitments. The company aims to achieve carbon neutrality for its Scope 1 and 2 GHG emissions by 2050. As a near-term target, Eastman plans to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 32% by 2030, using a 2017 baseline. Some sources also state a target of reducing Scope 1 and 2 emissions by one-third (approximately 33.33%) by 2030 to achieve carbon neutrality by 2050. Additionally, Eastman is targeting a 30% reduction in both Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline. The company also aims to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of this decade (2025). Historically, Eastman targeted a 20% intensity reduction in GHG emissions per unit of production by 2020 against a 2008 baseline for both Scope 1 and Scope 2.