GlobalData offers a comprehensive analysis of British American Tobacco, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of Net Zero and associated ESG keywords, GlobalData delivers valuable information on British American Tobacco‘s ESG performance. GlobalData’s company profile on British American Tobacco offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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British American Tobacco (BAT) has set a target to achieve net-zero by 2050 across its value chain. In 2022, BAT has achieved its 2025 target to increase its renewable energy use to 30%. BAT plans to enhance its capabilities to quantify priority substances and other nitrates, phosphates, and pesticides storage and usage across its direct operations by 2023. The company operates control measures globally to avoid any uncontrolled emissions to water, soil, or groundwater across its operations.
In 2022, BAT's scope 1 emissions was 308 thousand tCO2e, scope 2 emissions (market-based) was 113 thousand tonnes CO2e, and scope 2 emissions (location-based) was 356 thousand tonnes CO2e. Scope 3 emissions was 5,243 thousand tCO2e in 2021. BAT's latest filings mentioned the keywords 'Emissions' and 'Recycled' most number of times in relation to 'Net Zero'.
BAT has taken steps to reduce emissions, including using renewable energy generated from fuels and purchased renewable electricity, hot water, and steam. The company validates its Scope 2 Market-based CO2e emissions from supplier-specific emissions factors and reports on emissions associated with the use of fuel at facilities under its operational control and by its vehicle fleet. BAT plans to continue building its reporting capabilities on emissions to water of priority substances and other nitrates, phosphates, and pesticides for its direct operations and perform a qualitative assessment across its operations sites in October 2022.
In conclusion, BAT has set a net-zero target and taken steps to reduce emissions, including using renewable energy and validating its Scope 2 Market-based CO2e emissions. BAT's efforts align with EU regulations on sustainability-related disclosures in the financial services sector and address Principle Adverse Sustainability Indicator 8.
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