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Scandic Hotels Group AB

Common Name
Scandic Hotels Group
Country
Sweden
Sector
Consumer Cyclical
Industry
Lodging
Employees
10,736
Ticker
SHOT
Exchange
NASDAQ STOCKHOLM AB
Description
Scandic Hotels Group AB is a leading hotel operator in the Nordic region, specializing in providing hospitality services across its extensive network of hotels. The primary function of Scandic Hotels ...

Scandic Hotels Group's GHG Emissions Data Preview

In 2024, Scandic Hotels Group 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).

Scandic Hotels Group has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)202420232022
2021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Scandic Hotels Group’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Scandic Hotels Group’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 Scandic Hotels Group’s data sources below and access millions more through our Disclosure Search.

a. Scandic Hotels Group's Annual Report 2024
b. Scandic Hotels Group's Annual Report 2023

Insights into Scandic Hotels Group's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Scandic Hotels Group amounted to 25,873.5 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 Scandic Hotels Group decreased by 24.86%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab

Scandic Hotels Group's Scope 1 Emissions Over Time

20192020202120222023202409001.8 k2.7 k3.6 ktCO2e-15%+54%+19%-15%+41%
  • Total Scope 1
  • Year-over-Year Change

What are Scandic Hotels Group's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Scandic Hotels Group were 3,591.1 metric tons of CO₂ equivalent (tCO₂e).a

Has Scandic Hotels Group reduced its Scope 1 emissions over time?

Since 2019, Scandic Hotels Group's Scope 1 emissions have increased by 88.82%, reflecting a rising long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2023), Scandic Hotels Group's Scope 1 emissions increased by 41.45%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Scandic Hotels Group's Scope 2 emissions?

In 2024, Scandic Hotels Group reported Scope 2 greenhouse gas (GHG) emissions of 22,282.4 tCO₂e without specifying the calculation method.a

Has Scandic Hotels Group reduced its Scope 2 emissions over time?

Since 2019, Scandic Hotels Group's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 35.58%, reflecting a declining long-term trend in Scope 2 emissions over time.a

What methodology does Scandic Hotels Group use for Scope 2 reporting?

In 2024, Scandic Hotels Group reported its Scope 2 emissions using an unspecified methodology.a

Scandic Hotels Group's Scope 2 Emissions Over Time

20192020202120222023202409 k18 k27 k36 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Scandic Hotels Group's Value Chain Emissions

In 2024, Scandic Hotels Group reported 7,924.7 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 Scandic Hotels Group includes a breakdown across 2 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

Scandic Hotels Group's Scope 3 Emissions Over Time

20192020202120222023202402 k4 k6 k8 ktCO2e-58%-23%+40%+12%+1058%
  • Total Scope 3
  • Year-over-Year Change

What are Scandic Hotels Group's Scope 3 emissions?

In 2024, Scandic Hotels Group reported total Scope 3 emissions of 7,924.7 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 14.17% of these emissions originated from upstream activities such as purchased goods and capital goods, while 85.83% came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Scandic Hotels Group reduced its Scope 3 emissions over time?

Since 2019, Scandic Hotels Group's Scope 3 emissions have increased by 495.53%, reflecting a rising long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Scandic Hotels Group's Scope 3 emissions increased by 1,057.57%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Scandic Hotels Group disclose?

In 2024, Scandic Hotels Group reported emissions for 2 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 Scandic Hotels Group's Scope 3 emissions?

In 2024, the largest contributors to Scandic Hotels Group's Scope 3 emissions were:a

  • Franchises (Cat. 14): 6,801.8 tCO₂e (85.83%)
  • Business Travel (Cat. 6): 1,122.9 tCO₂e (14.17%)

Scandic Hotels Group's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(14.2%)Franchises (Cat. 14)(85.8%)

Insights into Scandic Hotels Group’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Scandic Hotels Group reported Scope 1 greenhouse gas (GHG) emissions of 3,591.1 tCO₂e and total revenues of USD 1,993 millions. This translates into an emissions intensity of 1.8 tCO₂e per millions USD.a

Scandic Hotels Group's Scope 1 Emissions Intensity Compared to Peers

101,00050,0002,000,000100,000,000Scope 1 Emissions (tCO2e)505002,00020,000100,000Revenues (Millions of USD)HBSWhitbreadYear: 2025Scope 1: 58,469 tCO2eRevenue: $M 3,681Scope 1 Intensity: 15.88 tCO2e/$MJMYear: 2024Scope 1: 2,072 tCO2eRevenue: $M 1,295Scope 1 Intensity: 1.60 tCO2e/$MMekoYear: 2024Scope 1: 14,184 tCO2eRevenue: $M 1,683Scope 1 Intensity: 8.43 tCO2e/$MDometic GroupYear: 2024Scope 1: 7,896 tCO2eRevenue: $M 2,234Scope 1 Intensity: 3.53 tCO2e/$MShangri-La AsiaYear: 2024Scope 1: 150,000 tCO2eRevenue: $M 17,065Scope 1 Intensity: 8.79 tCO2e/$MHHH World GroupYear: 2024Scope 1: 39,310 tCO2eRevenue: $M 3,564Scope 1 Intensity: 11.03 tCO2e/$MVolvo CarYear: 2024Scope 1: 59,000 tCO2eRevenue: $M 36,319Scope 1 Intensity: 1.62 tCO2e/$MClas OhlsonYear: 2024Scope 1: 85 tCO2eRevenue: $M 928Scope 1 Intensity: 0.09 tCO2e/$MInterContinental Hotels GroupYear: 2024Scope 1: 359,349 tCO2eRevenue: $M 4,923Scope 1 Intensity: 72.99 tCO2e/$MAsmodee GroupYear: 2025Scope 1: 945 tCO2eRevenue: $M 16,209Scope 1 Intensity: 0.06 tCO2e/$MHanjin KalYear: 2024Scope 1: 26,048,748 tCO2eRevenue: $M 199Scope 1 Intensity: 130,832.49 tCO2e/$MMinor InternationalYear: 2024Scope 1: 194,384 tCO2eRevenue: $M 4,699Scope 1 Intensity: 41.36 tCO2e/$MMelia Hotels InternationalYear: 2024Scope 1: 286,028 tCO2eRevenue: $M 2,087Scope 1 Intensity: 137.06 tCO2e/$MHyatt HotelsYear: 2024Scope 1: 447,184 tCO2eRevenue: $M 6,648Scope 1 Intensity: 67.27 tCO2e/$MIndian HotelsYear: 2025Scope 1: 26,136 tCO2eRevenue: $M 941Scope 1 Intensity: 27.77 tCO2e/$MNew Wave GroupYear: 2024Scope 1: 3,409 tCO2eRevenue: $M 865Scope 1 Intensity: 3.94 tCO2e/$MWyndham Hotels & ResortsYear: 2024Scope 1: 15,889 tCO2eRevenue: $M 1,408Scope 1 Intensity: 11.28 tCO2e/$MAutolivYear: 2024Scope 1: 75,000 tCO2eRevenue: $M 10,390Scope 1 Intensity: 7.22 tCO2e/$MBBBokusgruppenYear: 2024Scope 1: 28 tCO2eRevenue: $M 181Scope 1 Intensity: 0.16 tCO2e/$MByggmax GroupYear: 2024Scope 1: 500 tCO2eRevenue: $M 543Scope 1 Intensity: 0.92 tCO2e/$MAtour Lifestyle HoldingsYear: 2023Scope 1: 2,668 tCO2eRevenue: $M 657Scope 1 Intensity: 4.06 tCO2e/$MSSSoho House & CoYear: 2024Scope 1: 10,273 tCO2eRevenue: $M 1,204Scope 1 Intensity: 8.53 tCO2e/$MPierre et VacancesYear: 2024Scope 1: 101,966 tCO2eRevenue: $M 2,031Scope 1 Intensity: 50.21 tCO2e/$MHilton Worldwide HoldingsYear: 2024Scope 1: 442,406 tCO2eRevenue: $M 11,174Scope 1 Intensity: 39.59 tCO2e/$MAccorYear: 2024Scope 1: 612,000 tCO2eRevenue: $M 5,834Scope 1 Intensity: 104.91 tCO2e/$MScandic Hotels GroupYear: 2024Scope 1: 3,591 tCO2eRevenue: $M 1,993Scope 1 Intensity: 1.80 tCO2e/$M

How does Scandic Hotels Group's GHG emissions intensity compare to its peers?

In 2024, Scandic Hotels Group reported a Scope 1 emissions intensity of 1.8 tCO₂e per millions USD. Compared to the peer group median of 8.79, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Scandic Hotels Group rank on GHG emissions intensity within its industry?

In 2024, Scandic Hotels Group ranked 7 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

Scandic Hotels Group is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Scandic Hotels Group's Total Carbon Footprint

In 2024, Scandic Hotels Group reported a total carbon footprint of 33,798.2 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.76% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab

The largest contributor to Scandic Hotels Group's total carbon footprint was Scope 2 emissions, accounting for 65.93% of the company's total carbon footprint, followed by Scope 3 emissions at 23.45%.a

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