Technicolor

Technicolor, operating in the Printed Matter and Recorded Media (22) industry with its headquarters in the US, has reported its carbon emissions and outlined significant climate commitments.

In 2021, Technicolor reported a total of approximately 3.61 billion kg CO2e. This figure encompasses Scope 1 emissions amounting to about 4.76 million kg CO2e, Scope 2 emissions of approximately 85.31 million kg CO2e, and Scope 3 emissions totalling around 3.52 billion kg CO2e. Key contributors to their Scope 3 emissions in 2021 included purchased goods and services (approximately 811.10 million kg CO2e), use of sold products (approximately 344.00 million kg CO2e), and employee commute (approximately 28.49 million kg CO2e).

For 2020, Technicolor's Scope 1 and 2 emissions combined were approximately 116.12 million kg CO2e, with Scope 1 at about 5.51 million kg CO2e and Scope 2 at approximately 110.60 million kg CO2e. Scope 3 data was not fully disclosed for this year, with a note indicating missing data for purchased goods and services.

In 2019, the company reported Scope 1 and 2 emissions totalling approximately 141.91 million kg CO2e, comprising Scope 1 at roughly 7.85 million kg CO2e and Scope 2 at around 134.06 million kg CO2e. Similar to 2020, Scope 3 data was not fully available, with purchased goods and services being a noted missing data point.

Technicolor's climate commitments include a strong dedication to science-based targets and the Net Zero Standard. As of the end of 2021, the company committed to SBTs and the Net Zero Standard, with plans to submit targets for validation in 2022. Technicolor aims for an ambitious short-term outcome of an 80% absolute reduction in emissions by 2030, aligned with a below 1.5°C trajectory, and a long-term goal of Net Zero by 2050. These targets are cascaded from their corporate family, with Vantiva S.A. being a key source organisation for SBTi, CDP, and RTZ initiatives at cascade level 1. Efforts are underway across their business lines to develop full Scope 3 emissions profiles and identify climate change mitigation levers.

It's important to note that Technicolor's emissions data is inherited from its parent company, Technicolor Inc., which is a current subsidiary. Therefore, initiatives and performance data may reflect the broader corporate family structure.