In 2024, Hufvudstaden 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).
Hufvudstaden has also provided a category-level breakdown for 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 |
|---|---|---|
Total Scope 1 | 291a | 106a |
Total Scope 2 | ||
Market-Based | 885a | N/A |
Location-Based | N/A | 853a |
Total Scope 3 | 5,118a | 4,617a |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 1.0087a | 0.3611a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Hufvudstaden amounted to 1,176 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 Hufvudstaden increased by 22.63%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Hufvudstaden were 291 metric tons of CO₂ equivalent (tCO₂e).a
Compared to the previous year (2023), Hufvudstaden's Scope 1 emissions increased by 174.53%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2024, Hufvudstaden reported Scope 2 greenhouse gas (GHG) emissions of 885 tCO₂e using the market-based method.a
In 2024, Hufvudstaden reported its Scope 2 emissions using the market-based method.a
In 2024, Hufvudstaden reported 5,118 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 Hufvudstaden includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Hufvudstaden reported total Scope 3 emissions of 5,118 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 84.44% of these emissions originated from upstream activities such as purchased goods and capital goods, while 15.56% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2023), Hufvudstaden's Scope 3 emissions increased by 10.85%, suggesting that the company faced challenges in reducing emissions across its value chain.a
In 2024, Hufvudstaden reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Hufvudstaden's Scope 3 emissions were:a
In 2024, Hufvudstaden reported Scope 1 greenhouse gas (GHG) emissions of 291 tCO₂e and total revenues of USD 288 millions. This translates into an emissions intensity of 1.01 tCO₂e per millions USD.a
In 2024, Hufvudstaden reported a Scope 1 emissions intensity of 1.01 tCO₂e per millions USD. Compared to the peer group median of 1.41, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Hufvudstaden ranked 8 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Hufvudstaden is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Hufvudstaden reported a total carbon footprint of 6,294 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 12.88% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Hufvudstaden's total carbon footprint was Scope 3 emissions, accounting for 81.32% of the company's total carbon footprint, followed by Scope 2 emissions at 14.06%.a