Net 0 Tracker

Linde plc

"Linde plc's net zero target is to reduce its greenhouse gas emissions intensity by 35% by 2028, relative to its 2018 emissions. Net Zero Tracker
As of 2020, the company had already achieved a reduction of more than 16%. Net Zero Tracker
An interesting fact about Linde's environmental policy is that through its applications and technologies, it helped its customers avoid more than double the company's own greenhouse gas emissions in 2020. Net Zero Tracker
In addition, you can check out the net-zero commitments and data for the relevant actors:"

Current Score (vs. LY)

45.0 pts (0.5)

Last Update: Dec. 12, 2023

Current Rankings

Global: #84

S&P100: #58

Materials: #2

83.3%

Transparency

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

50.0%

Commitments

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

0.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

	Y2021	Y2020	Y2019
Scope 1	16,321,000	16,247,000	16,461,000
Scope 2 - location-based	NA	NA	NA
Scope 2 - market-based	23,573,000	22,299,000	23,448,000
Scope 1-2 - location-based	16,321,000	16,247,000	16,461,000
Scope 1-2 - market-based	39,894,000	38,546,000	39,909,000
Scope 3	21,261,000	14,403,000	15,412,000
Total - location-based	37,582,000	30,650,000	31,873,000
Total - market-based	61,155,000	52,949,000	55,321,000

Note: Data sources detailed here

	Y2022	Y2021
Total CO₂e estimate (by Net0Tracker)	64,984,882	61,155,000
Methodology	Pre-calculated sector intensity (revenue)	As reported

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

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.

Linde plc belongs to the sector Materials.

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
S1S2S3MKT	35.0	2021	2035

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

Scope	Scope 3 Coverage	Target Year	Comments
S1S2S3MKT	FULL	2050

Science-based Targets (SBTI)

Date Published / Updated :01/10/2022

Near-term	Long-Term	Net Zero Standard
Targets Set : Well-below 2°C by 2035	No target	No

Linde plc commits to reduce absolute scope 1 and 2 GHG emissions 35% by 2035 from a 2021 base year.* *The target boundary includes biogenic emissions and removals from bioenergy feedstocks.

Data source: SBTI

Offsets

Last update for Linde by zerotracker.net: Oct. 2, 2023

Planning to use external offset credits	Not Specified
Separate targets for emission reductions and removals	No
Conditions on use of offset credits	None
Plans for carbon dioxide removal (CDR)	Not Specified

Additional notes: For 2028 targets: "We will pursue competitive low-carbon sources of hydrogen, including energy efficient SMRs and ATRs with carbon capture, electrolysis with renewable power, and pilot new low-carbon technologies." (p. 22, Sustainable Development Report 2022) For 2035 targets: "Execution of CCS projects at some of Linde's largest SMRs that will, with other efficiency efforts, reduce Scope 1 emissions." (p. 23, Sustainable Development Report 2022)

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	10.0	10.0	0.0
2	Scope 3 emissions are fully reported and externally-verified	5.0	10.0	-2.5
3	CDP score demonstrates the level of transparent disclosures	10.0	10.0	0.0
	Transparency	25.0	30.0	-2.5
4	Net Zero Commitments by 2050 include an intermediate target and cover all the emissions	10.0	10.0	3.0
5	Net Zero targets demonstrate a high-level of emergency	0.0	10.0	0.0
6	Emission reduction targets on a forward-looking basis are ambitious	2.5	10.0	0.0
7	Targets are science-based as validated by SBTi	7.5	10.0	0.0
	Commitments	20.0	40.0	3.0
8	Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets)	0.0	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	0.0	10.0	0.0
	Results	0.0	30.0	0.0
	Total	45.0	100.0	0.5

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	5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year?	yes	5.0/ 5.0	5.0	0.0	5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed?	partly	2.5 / 5.0	5.0	-2.5	5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year?	partly	2.5 / 5.0	2.5	0.0	2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)?	A	10.0 / 10.0	10.0	0.0	9.0
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	0.0
Does the net zero target include an intermediate target by 2030?	2028	3.0 / 3.0	0.0	3.0	0.0
Does the net zero target include all the emissions?	yes	4.0 / 4.0	4.0	0.0	0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2?	2050	0.0 / 5.0	0.0	0.0	0.0
Target year for achieving net zero emissions for S1+S2+S3 combined?	2050	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?		0.0 / 5.0	0.0	0.0	0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?	2.5	2.5 / 5.0	2.5	0.0	0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to?	Targets Set Well-below 2°C	7.5 / 10.0	7.5	0.0	0.0
Criteria 8 : Results based on scope 1 - 2
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 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target	Objective (in %): Actual (in %): YTD reduction objective is not valid	0.0 / 5.0	0.0	0.0	0.0
Momentum: last year % reduction vs. forward-looking target	Objective (in %): 2.5 Actual (in %): -15.5	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: 3.2°C	0.0 / 10.0	0.0	0.0	0.0
Total		45.0 / 100.0	44.5	0.5	26.5

Available Data Sources

Reporting Year	2021	2021	2020	2020	2020	2020	2019	2019	2019	2019	2019	2018	2018
Source	Public	Yourstake	Public	Public	CDP	Wikirate (NV)	Public	Public	CDP	CDP	Wikirate (NV)	Public	CDP
Publication Year	2022	unknown	2022	2022	2021	2021	2022	2021	2021	2020	2020	2021	2020
Scope 1	16,321,000	16,321,000	16,247,000	16,247,000	16,247,000	16,368,000	16,461,000	16,461,000	16,461,000	16,461,000	16,500,000	16,872,000	16,872,000
Scope 2 - location-based	NA	21,413,000	NA	0	20,063,000	20,832,000	NA	0	21,101,000	19,900,000	21,000,000	0	0
Scope 2 - market-based	23,573,000	23,573,000	22,299,000	20,969,000	20,969,000	NA	23,448,000	22,250,000	22,250,000	21,012,000	NA	22,333,000	21,093,000
Scope 1-2 - location-based	16,321,000	37,734,000	16,247,000	16,247,000	36,310,000	37,200,000	16,461,000	16,461,000	37,562,000	36,361,000	37,500,000	16,872,000	16,872,000
Scope 1-2 - market-based	39,894,000	39,894,000	38,546,000	37,216,000	37,216,000	NA	39,909,000	38,711,000	38,711,000	37,473,000	NA	39,205,000	37,965,000
Scope 3	21,261,000	21,261,000	14,403,000	14,403,000	14,424,000	14,403,000	15,412,000	15,412,000	0	13,748,300	13,721,000	14,849,000	0
Total - location-based	37,582,000	58,995,000	30,650,000	30,650,000	50,734,000	51,603,000	31,873,000	31,873,000	37,562,000	50,109,300	51,221,000	31,721,000	16,872,000
Total - market-based	61,155,000	61,155,000	52,949,000	51,619,000	46,350,000	NA	55,321,000	54,123,000	38,711,000	45,922,300	NA	54,054,000	37,965,000

Sources

CDP: Data from CDP Climate Change Questionnaire - see Free SFDR data library
Yourstake: Data from YourStake.org - see Free SFDR data library
Wikirate: Data from Wikirate.org. Scope 1, Scope 2 and Scope 3 emissions metrics designed by Global Reporting Initiative and contributed by the Wikirate community, adaptation by the Net0Tracker team, licensed under CC BY 4.0. Wikirate-NV means non-verified data sourced in Wikirate. See explanation here