Eastman

Eastman's reported carbon emissions

Eastman's most recent reported emissions for 2024 indicate a total of approximately 7.23 billion kg CO2e (7,230,593,000 kg CO2e) across Scope 1, 2, and 3. This figure comprises approximately 6.58 billion kg CO2e for Scope 1 emissions and an estimated 371.44 million kg CO2e for Scope 2 (market-based). Scope 3 emissions for purchased goods and services were reported at approximately 5.30 billion kg CO2e. In 2023, Eastman reported total emissions of approximately 17.17 billion kg CO2e (17,170,585,000 kg CO2e). This included approximately 5.53 billion kg CO2e for Scope 1, and Scope 2 emissions were around 1.01 billion kg CO2e (market-based). Scope 3 emissions for 2023 totalled approximately 10.11 billion kg CO2e. Eastman has set ambitious climate commitments, aiming for carbon neutrality for its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2050. As a near-term target, the company is working towards a one-third reduction in absolute Scope 1 and 2 emissions by 2030, using a 2017 baseline. This translates to a target reduction of approximately 33.33% by 2030. Some reporting indicates a near-zero target for Scope 1 and Scope 2 emissions by the middle of this decade (2025). Additionally, Eastman has a target to reduce its Scope 1 and 2 GHG emissions by 32% by 2030 from a 2017 baseline. Some reports also mention a target of a 30% reduction in Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline. For the chemical industry, managing and reducing carbon emissions is a critical aspect of sustainability. Eastman, headquartered in the US, operates within this sector and is actively engaged in setting and working towards its climate goals.