Johnson Matthey

Johnson Matthey's reported carbon emissions

Johnson Matthey, a chemicals company headquartered in Great Britain, has established comprehensive climate commitments and is actively reporting on its greenhouse gas (GHG) emissions. **Emissions Overview:** For the reporting year 2024, Johnson Matthey reported a total of approximately 3.7 billion kg CO2e across all scopes. This breaks down into: * **Scope 1:** Approximately 225.3 million kg CO2e * **Scope 2 (Market-based):** Approximately 21.2 million kg CO2e * **Scope 3:** Approximately 3.45 billion kg CO2e, with purchased goods and services being the largest contributor at approximately 3.09 billion kg CO2e. In 2023, the company reported a total of approximately 3.94 billion kg CO2e, comprising: * **Scope 1:** Approximately 215.6 million kg CO2e * **Scope 2 (Market-based):** Approximately 66.3 million kg CO2e * **Scope 3:** Approximately 3.73 billion kg CO2e, with purchased goods and services accounting for approximately 3.26 billion kg CO2e. **Climate Commitments and Reduction Targets:** Johnson Matthey has set ambitious targets to reduce its environmental impact: * **Net Zero by 2040:** The company aims to achieve net zero emissions across its value chain by 2040. This includes a long-term goal to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by FY2040, from a FY2020 base year. * **Near-Term Scope 1 & 2 Reductions:** * Johnson Matthey has committed to a 44% reduction in absolute Scope 1 and 2 GHG emissions by FY2030 from a FY2020 base year. * An additional target is to reduce Scope 1 and 2 CO2e emissions by 57% by the end of the 2026/27 financial year. * Historically, there was a target to reduce GHG emissions per unit of production output by 25% from 2016 to 2025. * **Near-Term Scope 3 Reductions:** * The company aims to reduce absolute Scope 3 GHG emissions from purchased goods and services by 42% by FY2030 from a FY2019/20 base year. * A previous target aimed for a 20% reduction in upstream Scope 3 emissions from purchased goods and services by 2030. These targets are validated by the Science Based Targets initiative (SBTi), with Scope 1 and 2 targets assessed as consistent with limiting warming to 1.5°C. The company's reporting indicates progress towards some of these near-term goals.