ISS AS
ESRS disclosure: ESRS E1 \ DR E1-4
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- Provide a detailed account of whether and how your organization has established GHG emissions reduction targets or any other relevant targets to manage significant climate-related impacts, risks, and opportunities. This includes, but is not limited to, initiatives such as renewable energy deployment, energy efficiency improvements, climate change adaptation strategies, and measures for mitigating physical or transition risks.
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Question Id: E1-4_01
The Science-Based Target initiative validated our near-term emission reduction target in 2023, which implies reductions across scope 1 and 2 by 46.5%, and reductions in scope 3 by 27.6% by 2030.
For 2025, our goal is to achieve a 4.7% reduction from our baseline in each of Scope 1, Scope 2, and Scope 3 emissions. Throughout 2025, we will also establish specific reduction targets for individual Scope 3 categories. This effort is part of our broader strategy to meet our near-term target for 2030 and our net-zero ambitions in the long run.
In 2022, we committed to becoming net-zero by 2030 across scope 1 and 2 (market-based) and by 2040 across scope 3 categories. These net-zero targets are set in-house and are in addition to our validated near-term targets. Our net-zero targets are measured against a 2019 baseline, which we believe is unaffected by extraordinary events or circumstances, unlike the Covid-19 effects that impacted 2020.
Our net-zero targets assume an absolute reduction of at least 90% of our carbon emissions against the 2019 baseline. This includes an absolute reduction of 90% for each of scope 1 and 2 by 2030, and for scope 3 by 2040. These targets do not adjust for future developments.
For scope 1 emission reductions we have set a target of transitioning our fleet of vehicles to zero-emission vehicles by 2030. The target was set in 2020.
For scope 3 emissions we have set targets for reducing emissions from food by 25% in 2030 and reducing food waste by 50% by 2027 both against a 2019 baseline. In 2024 we reached the midway point in our food emission target having reduced food emissions by 13% against our 2019 baseline, while our food waste reductions reached 49% against our 2019 baseline almost meeting our 2027 target.
During 2025, we will use our improved insights into our carbon emission profile to map our decarbonisation journey by decarbonisation lever across scope 1, 2 and 3 against our stated emission reduction targets as part of completing our transition plan as described in E1-1. We expect to have a residual emission of up to 10% of our 2019 baseline value, which is expected to be offset.
Report Date: 4Q2024Relevance: 95%
- Has the undertaking established GHG emission reduction targets, and if so, are these targets disclosed in absolute terms, either as tonnes of CO2 equivalent or as a percentage relative to a base year, and where applicable, in intensity value?
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Question Id: E1-4_02
The undertaking has established GHG emission reduction targets. These targets are disclosed as a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. Additionally, there is a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.
Report Date: 4Q2024Relevance: 95%
- Has the undertaking established greenhouse gas emission reduction targets? If so, disclose these targets in absolute terms, specifying either the total tonnes of CO2 equivalent or as a percentage relative to a base year's emissions. Additionally, provide the intensity value where applicable.
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Question Id: E1-4_03
The undertaking has established greenhouse gas emission reduction targets. These targets include a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. There is also a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking established targets for reducing greenhouse gas emissions? If so, disclose these targets in absolute terms, either as tonnes of CO2 equivalent or as a percentage relative to the emissions of a base year, and, if applicable, provide the intensity value.
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Question Id: E1-4_04
The undertaking has established targets for reducing greenhouse gas emissions. These targets are disclosed as a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. Additionally, there is a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.
Report Date: 4Q2024Relevance: 90%
- Has the undertaking established targets for the reduction of greenhouse gas emissions? If so, disclose these targets in absolute terms, either as tonnes of CO2 equivalent or as a percentage relative to a base year. Additionally, provide the intensity value of the total greenhouse gas emissions reduction, where applicable, in accordance with Disclosure Requirement E1-4 concerning climate change mitigation and adaptation.
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Question Id: E1-4_05
The undertaking has established targets for the reduction of greenhouse gas emissions. These targets include a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. There is also a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking established greenhouse gas emission reduction targets, and if so, are these targets disclosed in absolute values, either in tonnes of CO2 equivalent or as a percentage relative to a base year, and where applicable, in intensity values?
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Question Id: E1-4_06
The undertaking has established greenhouse gas emission reduction targets. These targets are disclosed as a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. Additionally, there is a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.
Report Date: 4Q2024Relevance: 95%
- What is the percentage reduction in Scope 1 Greenhouse gas emissions compared to the base year, as per Disclosure Requirement E1-4 concerning climate change mitigation and adaptation targets?
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Question Id: E1-4_07
The percentage reduction in Scope 1 Greenhouse gas emissions compared to the base year is 14% for 2024 compared to 2019.
Report Date: 4Q2024Relevance: 90%
- Has your company established greenhouse gas emission reduction targets related to climate change mitigation and adaptation? If so, disclose these targets in absolute values, either in tonnes of CO2 equivalent or as a percentage of emissions from a base year, and include intensity values where applicable.
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Question Id: E1-4_09
The company has established greenhouse gas emission reduction targets related to climate change mitigation and adaptation. These targets include a 4.7% reduction from the baseline in each of Scope 1, Scope 2, and Scope 3 emissions for 2025. Additionally, there is a commitment to a 90% reduction in carbon emissions against the 2019 baseline for Scope 1 and 2 by 2030, and for Scope 3 by 2040. The targets are measured against a 2019 baseline.
Report Date: 4Q2024Relevance: 85%
- Has the undertaking established greenhouse gas (GHG) emission reduction targets, and if so, what is the percentage of location-based Scope 2 GHG emissions reduction relative to the emissions of the base year? Provide this information in absolute terms, either in tonnes of CO2 equivalent or as a percentage, and include intensity values where applicable.
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Question Id: E1-4_10
The percentage of location-based Scope 2 GHG emissions reduction relative to the emissions of the base year is 10% for 2024 compared to 2019.
Report Date: 4Q2024Relevance: 80%
- Has the undertaking established GHG emission reduction targets, and if so, provide the absolute value of market-based Scope 2 Greenhouse gas emissions reduction, expressed either in tonnes of CO2eq or as a percentage relative to a base year, and include intensity values where applicable, in accordance with Disclosure Requirement E1-4 and ESRS 2 MDR-T?
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Question Id: E1-4_12
The absolute value of market-based Scope 2 Greenhouse gas emissions reduction is 2% for 2024 compared to 2019.
Report Date: 4Q2024Relevance: 75%