Syngenta Climate Transition Analysis

Planet Tracker assessed Syngenta Group’s Climate Transition strategy by analysing its greenhouse gas (GHG) emissions trends from 2018 to 2024 and its alignment with the Paris Agreement.

Key findings:

• Syngenta Group aims to reduce Scope 1 and Scope 2 by 38% by 2030, versus a 2022 baseline.
• It does not currently have a group-wide Scope 3 target. Detail on historical emissions is limited, but it is clear that Scope 3 is the bulk of emissions and that the recent trajectory of Scope 1 and 2 would not align with achieving its 2030 target.
• The company states that climate targets are included in management compensation setting as of 2024. It is unclear exactly what KPIs are used or what level of compensation is tied to them.
• The assessment of risks and opportunities related to climate change appears limited. The company acknowledges climate change as a material risk but provides little detail on specific risks or opportunities arising from climate change or how it is responding to them.
• Syngenta Group provides very limited detail on its investments to address climate change and drive greenhouse gas reductions. Notably, it does not provide any detail on how it can address the significant emissions in its value chain.

In summary, Planet Tracker assessed Syngenta Group as most aligned with a +2.0°C pathway by 2030. Investors should call on the company to develop a Scope 3 target and provide detail on how it will deliver emissions reductions.