Severfield

Severfield's reported carbon emissions

Severfield's carbon emissions and climate commitments demonstrate a commitment to reducing its environmental impact within the construction sector. **Carbon Emissions Data:** * **2024:** * Scope 1 emissions: Approximately 6,101,000 kg CO2e * Scope 2 emissions (market-based): Approximately 157,000 kg CO2e * Scope 2 emissions (location-based): Approximately 3,478,000 kg CO2e * Scope 3 emissions: Substantial emissions were reported in purchased goods and services (approximately 184,090,000 kg CO2e), employee commute (approximately 4,008,000 kg CO2e), and upstream transportation and distribution (approximately 6,979,000 kg CO2e). * Total emissions: Approximately 200,079,000 kg CO2e (calculated from provided data, please note this is an aggregation and not a direct `sum_total` field from the data). * **2023:** * Scope 1 emissions: Approximately 6,391,000 kg CO2e * Scope 2 emissions (market-based): Approximately 116,000 kg CO2e * Scope 2 emissions (location-based): Approximately 3,106,000 kg CO2e * Scope 3 emissions: Key contributors include purchased goods and services (approximately 213,586,000 kg CO2e) and upstream transportation and distribution (approximately 8,466,000 kg CO2e). * Total emissions: Approximately 238,600,000 kg CO2e (calculated from provided data, please note this is an aggregation and not a direct `sum_total` field from the data). * **2022:** * Scope 1 and 2 emissions (market-based): Approximately 8,030,000 kg CO2e * Scope 1 and 2 emissions (location-based): Approximately 10,733,000 kg CO2e * Scope 3 data was not fully reported for this year. * **2021:** * Scope 1 and 2 emissions (market-based): Approximately 7,862,000 kg CO2e * Scope 1 and 2 emissions (location-based): Approximately 9,895,000 kg CO2e * Scope 3 data was not fully reported for this year. * **2020:** * Scope 1 and 2 emissions (market-based): Approximately 8,341,000 kg CO2e * Scope 1 and 2 emissions (location-based): Approximately 9,331,000 kg CO2e * Scope 3 data was not fully reported for this year. * **2019:** * Scope 1 emissions: Approximately 5,561,000 kg CO2e * Scope 2 emissions (market-based): Approximately 4,218,000 kg CO2e * Scope 2 emissions (location-based): Approximately 3,641,000 kg CO2e * Scope 3 emissions: Significant contributions from purchased goods and services (approximately 225,823,000 kg CO2e) and upstream transportation and distribution (approximately 2,504,000 kg CO2e). * **2018:** * Total emissions: Approximately 10,911,000 kg CO2e * Scope 1 emissions: Approximately 6,244,000 kg CO2e * Scope 2 emissions: Approximately 4,667,000 kg CO2e * Scope 3 data was not reported for this year. **Climate Commitments and Reduction Targets:** Severfield has set ambitious targets aligned with climate science: * **Net Zero:** A long-term commitment to achieve net-zero greenhouse gas (GHG) emissions from operations by 2040, and across the value chain by 2050. * **Near-Term Reduction Target (2025):** A commitment to reduce Scope 1 and 2 GHG emissions by 25% by 2025, using a 2018 baseline. * **Science-Based Targets (SBTi):** * Near-term: A target to reduce absolute Scope 1 and 2 GHG emissions by 50.4% by FY2033 from a FY2023 base year. Additionally, a commitment to reduce absolute Scope 3 GHG emissions by 50.4% within the same timeframe. * Long-term: A target to reduce absolute Scope 1 and 2 GHG emissions by 90% by FY2040 from a FY2023 base year. Furthermore, a commitment to reduce absolute Scope 3 GHG emissions by 90% by FY2050 from a FY2023 base year. These targets are classified as 1.5°C aligned, indicating they are consistent with the reductions needed to limit global warming to 1.5°C. Severfield is also a member of the Business Ambition for 1.5°C initiative.