Severfield

Severfield's reported carbon emissions

Severfield, a UK-based construction work company, reported total emissions of approximately 210.7 billion kg CO2e for the 2024 reporting year. This figure includes Scope 1, Scope 2, and Scope 3 emissions. In terms of climate commitments, Severfield has set a long-term target to achieve net-zero emissions by 2050. To support this, they have established near-term targets aligned with a 1.5°C warming scenario. Specifically, they aim to reduce absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50.4% by FY2033, using FY2023 as the base year. Concurrently, they are committed to reducing absolute Scope 3 GHG emissions by 50.4% within the same timeframe. Furthermore, Severfield has committed to a long-term reduction of absolute Scope 1 and 2 GHG emissions by 90% by FY2040, also from a FY2023 base year. Their Scope 3 emissions are targeted for a 90% reduction by FY2050 from the same baseline. These targets are validated by the Science Based Targets initiative (SBTi). For the 2024 reporting year, Severfield's Scope 1 emissions were approximately 6.1 billion kg CO2e. Scope 2 emissions, using the market-based method, were about 157,000 kg CO2e, and using the location-based method, were approximately 3.48 billion kg CO2e. Key contributors to their Scope 3 emissions in 2024 included purchased goods and services (approximately 184.1 billion kg CO2e), employee commute (around 4 billion kg CO2e), and upstream transportation and distribution (approximately 7 billion kg CO2e). In the 2023 reporting year, Severfield's total emissions were approximately 231.8 billion kg CO2e. Scope 1 emissions were about 6.39 billion kg CO2e, and Scope 2 emissions (market-based) were approximately 116,000 kg CO2e, with location-based emissions at roughly 3.11 billion kg CO2e. Scope 3 emissions for 2023 were significantly driven by purchased goods and services (approximately 213.6 billion kg CO2e) and upstream transportation and distribution (around 8.47 billion kg CO2e).