General Mills
More information available in H2-2024

Current Score (vs. LY)

19.0 pts (-)

Last Update: Nov. 21, 2023

Current Rankings

Global: #168

S&P500: #112

Consumer Staples: #22

Transparency

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

Commitments

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

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 364,311334,903300,532
Scope 2 - location-based 579,210610,022591,854
Scope 2 - market-based 194,792411,548412,516
Scope 1-2 - location-based 943,521944,925892,386
Scope 1-2 - market-based 559,103 746,451 713,048
Scope 3 17,277,52916,696,00014,606,300
Total - location-based 18,221,05017,640,92515,498,686
Total - market-based 17,710,178 17,308,451 15,192,348

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 17,543,43817,710,178
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)


Emissions Trajectory not available



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best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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

General Mills belongs to the sector Consumer Staples.

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best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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

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



Science-based Targets (SBTI)

Date Published / Updated :01/09/2024

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by FY2030 Targets Set : 1.5°C by FY2050 Yes by FY2050
General Mills is a member of the Business Ambition for 1.5 campaign (link here )

Overall Net-Zero Target: General Mills Inc. commits to reach net-zero greenhouse gas emissions across the value chain by FY2050. Near-Term Targets: General Mills commits to reduce absolute scope 1, 2, and scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, and end of life treatement of sold products 30% by FY2030 from a FY2020 base year.* Within that target, General Mills commits to reduce absolute scope 1 and 2 GHG emissions 42% by FY2030 from a FY2020 base year.*
*The target boundary includes land-related emissions and removals from bioenergy feedstocks. Long-Term Targets: General Mills commits to reduce absolute scope 1 and 2 GHG emissions 90% by FY2050 from a FY2020 base year.* General Mills also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, fuel and energy-related activities, upstream transportation and distribution, waste generated in operations, business travel, downstream transportation and distribution and end of life treatement of sold products 90% within the same timeframe.
*The target boundary includes land-related emissions and removals from bioenergy feedstocks.

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 General Mills by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
Separate targets for emission reductions and removals None
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) None

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 0.0 10.0 -
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 -
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 -
Transparency 9.0 30.0 -
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 -
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 -
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 -
7 Targets are science-based as validated by SBTi 10.0 10.0 -
Commitments 10.0 40.0 -
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -
10 Implied Temperature Rating by MSCi 0.0 10.0 -
Results 0.0 30.0 -
Total 19.0 100.0 -


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? NC 0.0 / 5.0 -
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 -
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 -
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 -
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 -
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? NC 0.0 / 3.0 -
Does the net zero target include an intermediate target by 2030? NC 0.0 / 3.0 -
Does the net zero target include all the emissions? NC 0.0 / 4.0 -
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 -
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 -
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
0.0 / 5.0 -
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
0.0 / 5.0 -
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 -
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 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
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 -
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
0.0 / 5.0 -
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: None°C 0.0 / 10.0 -
Total 19.0 / 100.0 -


Available Data Sources

Reporting Year 2022 2021 2021 2020 2019
Source Wikirate (NV) NZPDU Yourstake NZPDU NZPDU
Publication Year unknown 2022 unknown 2021 2020
Scope 1 317,900 364,311 364,000 334,903 300,532
Scope 2 - location-based 74,100 579,210 NA 610,022 591,854
Scope 2 - market-based NA 194,792 195,000 411,548 412,516
Scope 1-2 - location-based 392,000 943,521 364,000 944,925 892,386
Scope 1-2 - market-based NA 559,103 559,000 746,451 713,048
Scope 3 19,234,400 17,277,529 17,300,000 16,696,000 14,606,300
Total - location-based 19,626,400 18,221,050 17,664,000 17,640,925 15,498,686
Total - market-based NA 17,710,178 17,859,000 17,308,451 15,192,348

Sources

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