San Miguel

San Miguel, headquartered in PH and operating within other business services (74), is actively engaged in climate action. For the reporting year 2024, the company reported total greenhouse gas (GHG) emissions of approximately 33.8 billion kg CO2e. This figure comprises Scope 1 emissions amounting to about 23.7 billion kg CO2e, Scope 2 emissions of approximately 1.1 billion kg CO2e, and Scope 3 emissions totalling around 9 billion kg CO2e. Scope 3 emissions are further broken down, with purchased goods and services accounting for approximately 6.3 billion kg CO2e and fuel and energy-related activities contributing around 2.7 billion kg CO2e.

For the preceding year, 2023, San Miguel's reported Scope 1 emissions were approximately 21.3 billion kg CO2e, with Scope 2 emissions at about 1.1 billion kg CO2e. Scope 3 data was not disclosed for this year. In 2022, Scope 1 emissions were approximately 20.9 billion kg CO2e, and Scope 2 emissions were around 1.1 billion kg CO2e.

San Miguel has established ambitious GHG emission reduction targets. The company is committed to reducing GHG emission intensity by 30% by 2030, using 2021 as a baseline for both Scope 1 and Scope 2 emissions. Furthermore, San Miguel aims for a substantial long-term reduction of 70% in GHG emission intensity by 2040, also from 2021 levels for Scope 1 and Scope 2 emissions. Prior targets included a goal to reduce GHG emission intensity by 25% by 2025, using 2018 as a baseline for Scope 1 and Scope 2.

It is important to note that San Miguel's emissions data is cascaded from its parent organisation, San Miguel Corporation.