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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
Description
Scandic Hotels Group AB (publ) is a Sweden-based hotel operator managing a extensive network of hotels primarily in the Nordic region, including Sweden, Finland, Norway, and other European markets. Th...

Scandic Hotels Group's GHG Emissions Data Preview

In 2025, 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 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2025202420232022-2019
Total Scope 1
3,532a
4,190a
5,383a
Total Scope 2
Market-Based
19,126a
22,303a
31,770a
Location-Based
28,006a
33,823a
45,110a
Unspecified Calculation Method
N/AN/AN/A
Total Scope 3
173,241a
182,524a
189,146a
Total Scope 1 Revenue Intensity (tCO2e/$M)
1.4575a
2.1027a
2.4758a
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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.

a. Scandic Hotels Group's Annual Report 2025
b. Scandic Hotels Group's Annual Report 2024

Insights into Scandic Hotels Group's Operational Emissions

In 2025, the total operational greenhouse gas (GHG) emissions of Scandic Hotels Group amounted to 31,538 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 2024, the total operational greenhouse gas (GHG) emissions of Scandic Hotels Group decreased by 17.03%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Scandic Hotels Group's Scope 1 Emissions Over Time

201920202021202220232024202501.5 k3 k4.5 k6 ktCO2e-15%+54%+19%+81%-22%-16%
  • Total Scope 1
  • Year-over-Year Change

What are Scandic Hotels Group's Scope 1 emissions?

In 2025, the total Scope 1 emissions of Scandic Hotels Group were 3,532 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 85.71%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year (2024), Scandic Hotels Group's Scope 1 emissions decreased by 15.7%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Scandic Hotels Group's Scope 2 emissions?

In 2025, Scandic Hotels Group reported Scope 2 greenhouse gas (GHG) emissions of 19,126 tCO₂e using the market-based method and 28,006 tCO₂e using the location-based method.a

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

Compared to the previous year (2024), Scandic Hotels Group's Scope 2 emissions (Location-Based) fell by 17.2% in 2025, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.a

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

In 2025, Scandic Hotels Group reported its Scope 2 emissions using the market-based method and using the location-based method.a

Scandic Hotels Group's Scope 2 Emissions Over Time

2019202020212022202320242025015 k30 k45 k60 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 2025, Scandic Hotels Group reported 173,241 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 2025 disclosure of Scandic Hotels Group includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Scandic Hotels Group's Scope 3 Emissions Over Time

2019202020212022202320242025050 k100 k150 k200 ktCO2e-58%-23%+40%+30923%-4%-5%
  • Total Scope 3
  • Year-over-Year Change

What are Scandic Hotels Group's Scope 3 emissions?

In 2025, Scandic Hotels Group reported total Scope 3 emissions of 173,241 metric tons of CO₂ equivalent (tCO₂e).a

Approximately 97.75% of these emissions originated from upstream activities such as purchased goods and capital goods, while 2.25% 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 12,918.79%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2024), Scandic Hotels Group's Scope 3 emissions remained relatively stable, indicating that Scandic Hotels Group's emissions have plateaued with no significant change in its value chain footprint.a

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

In 2025, Scandic Hotels Group reported emissions for 8 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.

What are the main sources of Scandic Hotels Group's Scope 3 emissions?

In 2025, the largest contributors to Scandic Hotels Group's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 117,057 tCO₂e (67.57%)
  • Fuel- and Energy-Related Services (Cat. 3): 25,537 tCO₂e (14.74%)
  • Capital Goods (Cat. 2): 17,893 tCO₂e (10.33%)

Scandic Hotels Group's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(67.6%)Capital Goods(Cat. 2)(10.3%)Fuel- andEnergy-RelatedServices (Cat. 3)(14.7%)

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

In 2025, Scandic Hotels Group reported Scope 1 greenhouse gas (GHG) emissions of 3,532 tCO₂e and total revenues of USD 2,423 millions. This translates into an emissions intensity of 1.46 tCO₂e per millions USD.a

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

50010,000200,0005,000,000100,000,000Scope 1 Emissions (tCO2e)505002,00010,00050,000Revenues (Millions of USD)Mandarin Oriental InternationalYear: 2024Scope 1: 26,058 tCO2eRevenue: $M 526Scope 1 Intensity: 49.56 tCO2e/$MMinor InternationalYear: 2024Scope 1: 194,384 tCO2eRevenue: $M 4,699Scope 1 Intensity: 41.36 tCO2e/$MChoice Hotels InternationalYear: 2024Scope 1: 6,400 tCO2eRevenue: $M 1,585Scope 1 Intensity: 4.04 tCO2e/$MWhitbreadYear: 2025Scope 1: 58,469 tCO2eRevenue: $M 3,681Scope 1 Intensity: 15.88 tCO2e/$MHanjin KalYear: 2024Scope 1: 26,048,748 tCO2eRevenue: $M 199Scope 1 Intensity: 130,832.49 tCO2e/$MIndian HotelsYear: 2025Scope 1: 26,136 tCO2eRevenue: $M 975Scope 1 Intensity: 26.79 tCO2e/$MAccorYear: 2025Scope 1: 690,000 tCO2eRevenue: $M 6,630Scope 1 Intensity: 104.08 tCO2e/$MH World GroupYear: 2024Scope 1: 39,310 tCO2eRevenue: $M 3,274Scope 1 Intensity: 12.01 tCO2e/$MInterContinental Hotels GroupYear: 2025Scope 1: 412,325 tCO2eRevenue: $M 5,189Scope 1 Intensity: 79.46 tCO2e/$MHilton Worldwide HoldingsYear: 2024Scope 1: 442,406 tCO2eRevenue: $M 11,174Scope 1 Intensity: 39.59 tCO2e/$MMarriott InternationalYear: 2024Scope 1: 1,273,630 tCO2eRevenue: $M 25,100Scope 1 Intensity: 50.74 tCO2e/$MChalet HotelsYear: 2025Scope 1: 5,052 tCO2eRevenue: $M 201Scope 1 Intensity: 25.13 tCO2e/$MAsset WorldYear: 2024Scope 1: 11,426 tCO2eRevenue: $M 463Scope 1 Intensity: 24.67 tCO2e/$MEIHYear: 2025Scope 1: 44,778 tCO2eRevenue: $M 321Scope 1 Intensity: 139.47 tCO2e/$MOCT LimitedYear: 2023Scope 1: 8,967 tCO2eRevenue: $M 7,844Scope 1 Intensity: 1.14 tCO2e/$MPierre et VacancesYear: 2025Scope 1: 103,593 tCO2eRevenue: $M 2,190Scope 1 Intensity: 47.30 tCO2e/$MShanghai Jin Jiang International HotelsYear: 2024Scope 1: 45,837 tCO2eRevenue: $M 1,927Scope 1 Intensity: 23.79 tCO2e/$MAtour Lifestyle HoldingsYear: 2023Scope 1: 2,668 tCO2eRevenue: $M 657Scope 1 Intensity: 4.06 tCO2e/$MWyndham Hotels & ResortsYear: 2024Scope 1: 15,889 tCO2eRevenue: $M 1,408Scope 1 Intensity: 11.28 tCO2e/$MHyatt HotelsYear: 2024Scope 1: 447,184 tCO2eRevenue: $M 6,648Scope 1 Intensity: 67.27 tCO2e/$MSoho House & CoYear: 2024Scope 1: 10,273 tCO2eRevenue: $M 1,204Scope 1 Intensity: 8.53 tCO2e/$MShangri-La AsiaYear: 2024Scope 1: 150,000 tCO2eRevenue: $M 2,185Scope 1 Intensity: 68.64 tCO2e/$MMelia Hotels InternationalYear: 2025Scope 1: 27,091 tCO2eRevenue: $M 2,465Scope 1 Intensity: 10.99 tCO2e/$MMinor HotelsYear: 2024Scope 1: 46,150 tCO2eRevenue: $M 2,516Scope 1 Intensity: 18.34 tCO2e/$MScandic Hotels GroupYear: 2025Scope 1: 3,532 tCO2eRevenue: $M 2,423Scope 1 Intensity: 1.46 tCO2e/$M

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

In 2025, Scandic Hotels Group reported a Scope 1 emissions intensity of 1.46 tCO₂e per millions USD. Compared to the peer group median of 25.96, 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 2025, Scandic Hotels Group ranked 2 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Scandic Hotels Group among the top performers, with one of the lowest emissions intensities relative to peers.a

Insights into Scandic Hotels Group's Total Carbon Footprint

In 2025, Scandic Hotels Group reported a total carbon footprint of 204,779 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.15% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Scandic Hotels Group's total carbon footprint was Scope 3 emissions, accounting for 84.6% of the company's total carbon footprint, followed by Scope 2 emissions at 13.68%.a

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