Severn Trent
Performance Score
The company has set reduction targets for its scopes 1 and 2 and part of its scope 3 for 2031. However, its scope 3 target only covers the use of its products sold, representing only 6% of its scope 3 emissions in 2024 and no quantified emission reduction target is communicated after 2031. Its scope 3 on the use of products sold has increased by 19% since 2019, calling into question its ability to reach its target in 2031. Regarding its action plan, it is well detailed for scopes 1 & 2, specifying the contribution to the reduction of the main actions, but less so for its scope 3 for which only a few examples are given and few elements are quantified. The company publishes its 2025-2030 plan of expenses allocated to its action plan, but without detailing the expenses per share.
Narrative Score
Severn Trent's past and present actions demonstrate that the company has a climate ambition, but more efforts are still needed to meet its climate goals and reduce its total emissions aligned with a 1.5°C trajectory.
Trend score
Severn Trent is showing signs of improvement in several areas, such as setting targets aligned with science, reporting on biogenic emissions and increasing the share of low-carbon CAPEX (86%).
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