Meta Platforms, Inc

"The provided information does not specify the net zero target of the company Meta Platforms, Inc. Net Zero Tracker"

Current Score (vs. LY)

58.8 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #44

S&P100: #28

Communication Services: #7

93.3%

Transparency

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

52.1%

Commitments

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

33.3%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 55,17329,00044,000
Scope 2 - location-based 3,080,1942,718,0000
Scope 2 - market-based 2,4879,000208,000
Scope 1-2 - location-based 3,135,3672,747,00044,000
Scope 1-2 - market-based 57,660 38,000 252,000
Scope 3 5,651,4595,091,5213,982,000
Total - location-based 8,786,8267,838,5214,026,000
Total - market-based 5,634,001 5,129,521 4,234,000

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 5,570,9395,634,001
Methodology Previous year 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

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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

Meta Platforms, Inc belongs to the sector Communication Services.

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

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


Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2030

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2030

Net Zero Policy

The company has a net zero policy : every year, carbon emissions will be balanced with carbon offsets, on S1S2S3MKT scope emissions. Note that emissions cover all the (relevant) scope 3 categories


Science-based Targets (SBTI)

Date Published / Updated :01/09/2020

Near-term Long-Term Net Zero Standard
Committed No target Yes
Meta Platforms, Inc is a member of the Business Ambition for 1.5 campaign (link here )
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 Meta Platforms by zerotracker.net: Jan. 16, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Must be high environmental integrity
  • Avoid social harm
  • Other conditions
Plans for carbon dioxide removal (CDR) No

Additional notes: Our strategy seeks to expand the voluntary carbon market toward the types of high-quality projects we value and that align with the highest environmental and social standards. In 2022, we supported agroforestry, improved forest management and ecological restoration projects in California, Australia and Mexico. https://sustainability.fb.com/wp-content/uploads/2023/07/Meta-2023-Sustainability-Report-1.pdf See also: Some emissions from hard-to-abate sectors will remain difficult to reduce by the end of this decade. We will remove an equivalent amount of these emissions through carbon removal projects, including nature-based solutions that can be deployed now as well as emerging technologies that need our support to scale. Our approach includes natural and technological solutions: Emerging technologies like direct air capture will be a necessary complement to emissions reduction and nature-based removals for the world to reach a zero-carbon future. Source:https://sustainability.fb.com/wp-content/uploads/2023/07/Meta-2023-Path-to-Net-Zero.pdf

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 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 10.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 8.0 10.0 0.0
Transparency 28.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 8.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 2.5 10.0 0.0
Commitments 20.833333333333336 40.0 0.0
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 10.0 10.0 0.0
Results 10.0 30.0 0.0
Total 58.8 100.0 0.0


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 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? full 5.0 / 5.0 5.0 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 5.0 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? B 8.0 / 10.0 8.0 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 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
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? 2030 3.3 / 5.0 3.3 0.0 3.3
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?
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 2.5
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 %):
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: 1.3°C 10.0 / 10.0 10.0 0.0 7.5
Total 58.8 / 100.0 58.8 0.0 43.3


Available Data Sources

Reporting Year 2022 2021 2021 2020 2020 2019
Source Wikirate (NV) NZPDU Public Public Public Public
Publication Year 2023 2022 2022 2022 2021 2021
Scope 1 66,934 55,173 55,173 29,000 28,707 44,000
Scope 2 - location-based 3,921,611 3,080,194 3,080,194 2,718,000 2,747,681 0
Scope 2 - market-based NA 2,487 2,487 9,000 8,887 208,000
Scope 1-2 - location-based 3,988,545 3,135,367 3,135,367 2,747,000 2,776,388 44,000
Scope 1-2 - market-based NA 57,660 57,660 38,000 37,594 252,000
Scope 3 8,466,264 5,651,459 6,895,341 5,091,521 3,928,381 3,982,000
Total - location-based 12,454,809 8,786,826 10,030,708 7,838,521 6,704,769 4,026,000
Total - market-based NA 5,634,001 5,709,119 5,129,521 3,965,975 4,234,000

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