Evolution AB (publ)

Common Name
Evolution
Country
Sweden
Sector
Consumer Cyclical
Industry
Gambling
Employees
12,713
Ticker
EVO
Exchange
NASDAQ STOCKHOLM AB
Description
Evolution AB is a prominent player in the online gaming and entertainment industry, specializing in live casino services. Its primary function is to develop, market, and license B2B solutions for live...

Evolution's GHG Emissions Data Preview

In 2024, Evolution completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Evolution has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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b
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b
0000000
Total Scope 2
Unspecified Calculation Method
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b
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b
0000000
Total Scope 3
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a
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b
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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b
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b
0000000
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Verified Sources Behind Evolution’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Evolution’s data sources below and access millions more through our Disclosure Search.

a. Evolution's Annual Report 2024
a. Evolution's Annual Report 2024
b. Evolution's Annual Report 2023
b. Evolution's Annual Report 2023

Insights into Evolution's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Evolution amounted to 4,667 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Evolution decreased by 7.35%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

Evolution's Scope 1 Emissions Over Time

20222023202401234tCO2e
  • Total Scope 1
  • Year-over-Year Change

What are Evolution's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Evolution were 0 metric tons of CO₂ equivalent (tCO₂e). a

What are Evolution's Scope 2 emissions?

In 2024, Evolution reported Scope 2 greenhouse gas (GHG) emissions of 4,667 tCO₂e using the location-based method. a

What methodology does Evolution use for Scope 2 reporting?

In 2024, Evolution reported its Scope 2 emissions using the location-based method. a

Evolution's Scope 2 Emissions Over Time

20222023202401.5 k3 k4.5 k6 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Evolution's Value Chain Emissions

In 2024, Evolution reported 4,041 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Evolution includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, up from 2 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Evolution's Scope 3 Emissions Over Time

20222023202401.5 k3 k4.5 k6 ktCO2e+188%+73%
  • Total Scope 3
  • Year-over-Year Change

What are Evolution's Scope 3 emissions?

In 2024, Evolution reported total Scope 3 emissions of 4,041 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Evolution reduced its Scope 3 emissions over time?

Since 2022, Evolution's Scope 3 emissions have increased by 398.89%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Evolution's Scope 3 emissions increased by 72.99%, suggesting that the company faced challenges in reducing emissions across its value chain. a b

What categories of Scope 3 emissions does Evolution disclose?

In 2024, Evolution reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Evolution's Scope 3 emissions?

In 2024, the largest contributors to Evolution's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 1,336 tCO₂e (33.06%)
  • Capital Goods (Cat. 2): 1,262 tCO₂e (31.23%)
  • Business Travel (Cat. 6): 1,151 tCO₂e (28.48%)

Evolution's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(28.5%)Capital Goods(Cat. 2)(31.2%)Purchased Goods andServices (Cat. 1)(33.1%)

Insights into Evolution's Total Carbon Footprint

In 2024, Evolution reported a total carbon footprint of 8,708 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18.11% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a b

The largest contributor to Evolution's total carbon footprint was Scope 2 emissions, accounting for 53.59% of the company's total carbon footprint, followed by Scope 3 emissions at 46.41%. a

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