Booking Holdings Inc.

"Booking Holdings Inc. has pledged to reach net zero by 2040, with its emissions reduction goals approved by the Science Based Targets initiative in line with a 1.5-degree C pathway. Net Zero Tracker
The company has interim targets to reduce scope 1 and 2 emissions by 95% by 2030, and to reduce scope 3 carbon emissions by 50% by 2030, both from a baseline year of 2019. Net Zero Tracker
An interesting fact about their environmental policy is that they achieved carbon neutrality in 2020 and transitioned to 100% renewable electricity in 2021. Net Zero Tracker
In addition, you can …"

Current Score (vs. LY)

51.1 pts (5.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #65

S&P100: #44

Consumer Discretionary: #7

45.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

43.9%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

66.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 8381,8553,048
Scope 2 - location-based 5189,11714,147
Scope 2 - market-based 5189,11714,147
Scope 1-2 - location-based 1,35610,97217,195
Scope 1-2 - market-based 1,356 10,972 17,195
Scope 3 117,390109,885235,963
Total - location-based 118,746120,857253,158
Total - market-based 118,746 120,857 253,158

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 8,277,39015,465,783
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Booking Holdings Inc. belongs to the sector Consumer Discretionary.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S3 50.0 2019 2030 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 95.0 2019 2030

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Net Zero Policy

The company has a net zero policy : every year, carbon emissions will be balanced with carbon offsets, on scope emissions.


Science-based Targets (SBTI)

Date Published / Updated :01/03/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2030 Targets Set : 1.5°C by 2040 Yes by 2040
Booking Holdings Inc. is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target
Booking Holdings Inc. commits to reach net-zero GHG emissions across the value chain by
2040.
Near-Term Targets
Booking Holdings Inc. commits to reduce absolute scope 1 and 2 GHG emissions 95% by 2030 from a 2019 base year. Booking Holdings Inc. also commits to reduce absolute scope 3 GHG emissions covering purchased goods and services, capital goods, business travel and employee commuting by 50% within the same timeframe.
Long-Term Targets
Booking Holding Inc. commits to maintain at least 95% absolute scope 1 and 2 GHG emissions reduction from 2030 through 2040 relative to a 2019 base year. Booking Holdings Inc. also commits to reduce absolute scope 3 GHG emissions 90% by 2040 from a 2019 base year

Data source: SBTI

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Booking Holdings by zerotracker.net: Aug. 8, 2022
Planning to use external offset credits Yes
Separate targets for emission reductions and removals Yes
Conditions on use of offset credits
  • Other conditions
Plans for carbon dioxide removal (CDR) Yes (unspecified)

Additional notes: "We offset emissions that we are unable to reduce through the purchase of credible carbon offset projects from organizations such as Gold Standard and Verified Carbon Standard (VCS). Our primary strategy for offsetting is avoidance and nature-based solutions, and in the near future we will transition to carbon removal projects." They have separate reduction targets for Scopes 1 and 2, and 3, with plan to use offsets/removals for additional amount to reach net zero. See: "By the end of 2030, we aim to reduce our scope 1 and 2 emissions by 95%." "We set a target reduction of 50% in scope 3 carbon emissions by 2030."

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 5.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 2.5 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 6.0 10.0 0.0
Transparency 13.5 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 6.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 5.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 4.066289741068497 10.0 0.0
7 Targets are science-based as validated by SBTi 2.5 10.0 0.0
Commitments 17.566289741068495 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 10.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 5.0
Results 20.0 30.0 5.0
Total 51.1 100.0 5.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 0.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 0.0 0.0 0.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? C 6.0 / 10.0 6.0 0.0 0.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 0.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? Net Zero Policy 5.0 / 5.0 5.0 0.0 5.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 4.1
4.1 / 5.0 4.1 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Committed NA 2.5 / 10.0 2.5 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 17.3
Actual (in %): 92.1
5.0 / 5.0 5.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 4.1
Actual (in %): 87.6
5.0 / 5.0 5.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.4°C 10.0 / 10.0 5.0 5.0 0.0
Total 51.1 / 100.0 46.1 5.0 10.5


Available Data Sources

Reporting Year 2021 2021 2020 2020 2019
Source Public Yourstake Public Public Public
Publication Year 2022 2022 2022 2021 2022
Scope 1 838 838 1,855 2,373 3,048
Scope 2 - location-based 518 NA 9,117 41,994 14,147
Scope 2 - market-based 518 518 9,117 41,994 14,147
Scope 1-2 - location-based 1,356 838 10,972 44,367 17,195
Scope 1-2 - market-based 1,356 1,356 10,972 44,367 17,195
Scope 3 117,390 117,389 109,885 11,556 235,963
Total - location-based 118,746 118,227 120,857 55,923 253,158
Total - market-based 118,746 118,745 120,857 55,923 253,158

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog