RVBA-BATB◇Private

British American Tobacco (BAT)

Verified credentials

SBTi Validated1.5°C

no trajectory chart yet — needs at least one percent-reduction target with matching scope data

Headline intensities

·Values in USD ($)

Peer cohort: — · lower is better

Revenue intensity

Carbon / $m revenue

—tCO2e / $m revenue

Carbon per million dollars of revenue. The legacy industry-standard reference (CDP, MSCI). Useful for cross-sector context, but distorted by margin — high-margin firms appear artificially efficient. Read alongside the operational and asset intensities for the full picture.

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Operational intensity

Carbon / $m OpEx

—tCO2e / $m OpEx

OpEx (operating expenditure) is the running cost of the business — staff, services, energy, materials. This shows how carbon-intensive operations are per million dollars of spend. Removes the margin distortion that revenue-based ratios introduce.

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Economic intensity

Carbon / $m EVIC

—tCO2e / $m EVIC

EVIC (Enterprise Value Including Cash) is the firm's total capital footprint — equity + debt + cash + minority interest. The EU's standard intensity measure (SFDR PAI 3) — answers: how much carbon does each million of capital deployed in this business produce?

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Asset intensity

Carbon / $m PP&E + leased

—tCO2e / $m PP&E

PP&E (Property, Plant & Equipment) plus leased real-estate assets is the firm's physical infrastructure on the balance sheet. This shows the carbon intensity of that physical footprint — uses Scope 1+2+3 for consistency with the other headline intensities. Surfaces stranded-asset risk for asset-heavy firms.

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Climate action evidence

60 records · 2 sources

Net-zero claim · FY2050 · 1.5°C · sbti

British American Tobacco (BAT) commits to reach net-zero greenhouse gas emissions across the value chain by FY2050.

Carbon credits retired

2,584 tCO2e

2 retirements · FY2025 · third-party verified

No self-reported carbon removals for FY2025.

Last traced year · FY2024 · 28,348 tCO2e across 2 retirements

By credit quality

Avoidance / reductions2,584 tCO2e(100%)

Retirements by year and credit class

2025

2.6ktCO₂e

2024

28ktCO₂e

Avoidance

Renewable electricity

No third-party REC retirements on file and no self-reported renewable share disclosed.

Sources

· berkeley_voluntary_registry
· CarbonPlan OffsetsDB

Registry retirements are direct evidence; commitments are forward-looking pledges. EPA snapshot covers FY2019–FY2020.

Targets

Near-term

4 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Absolute	2020	2030	−50%	1.5°C	insufficient data	—
Scope 1 + 2 + 3Absolute	2020	2030	−50%	In corporate strategy	insufficient data	—
Scope 3	2020	2025	−20%		insufficient data	—
Scope 3Absolute	2020	2030	−42%		insufficient data	—

Long-term

2 targets

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2Absolute	2020	2050	−90%	1.5°C	insufficient data	—
Scope 3Absolute	2020	2050	−72%		insufficient data	—

Net zero

1 target

Scope	Base	Target	Reduction	Alignment	Progress	Status
Scope 1 + 2 + 3	2020	2050	—	1.5°C	absolute-value target	—

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Latest reporting year

all years + ratios →

2026

reporting year

Financials

Revenue—

OpEx—

FTE—

Market cap (FY-end)—

Climate

Scope 1—

Scope 2 (market)—

Scope 2 (location)—

Scope 3 total—