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 2023, 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 1 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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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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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Scandic Hotels Group's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Scandic Hotels Group amounted to 34,551.3 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Scandic Hotels Group increased by 24.26%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Scandic Hotels Group's Scope 1 Emissions Over Time

2019202020212022202308001.6 k2.4 k3.2 ktCO2e-19%+45%+20%-15%
  • Total Scope 1
  • Year-over-Year Change

What are Scandic Hotels Group's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Scandic Hotels Group were 2,655 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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

Since 2019, Scandic Hotels Group's Scope 1 emissions have increased by 20.61%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Scandic Hotels Group's Scope 1 emissions decreased by 15.17%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are Scandic Hotels Group's Scope 2 emissions?

In 2023, Scandic Hotels Group reported Scope 2 greenhouse gas (GHG) emissions of 31,883.6 tCOâ‚‚e using the market-based method, and 31,896.3 tCOâ‚‚e using the location-based method.

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

In 2023, Scandic Hotels Group reported its Scope 2 emissions using the market-based method and using the location-based method.

Scandic Hotels Group's Scope 2 Emissions Over Time

2019202020212022202309 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 2023, Scandic Hotels Group reported 453.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Scandic Hotels Group includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Scandic Hotels Group's Scope 3 Emissions Over Time

201920202021202220230200400600800tCO2e-78%-42%+263%+50%
  • Total Scope 3
  • Year-over-Year Change

What are Scandic Hotels Group's Scope 3 emissions?

In 2023, Scandic Hotels Group reported total Scope 3 emissions of 453.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

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.

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

Since 2019, Scandic Hotels Group's Scope 3 emissions have decreased by 31.98%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Scandic Hotels Group's Scope 3 emissions increased by 49.69%, suggesting that the company faced challenges in reducing emissions across its value chain.

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

In 2023, Scandic Hotels Group reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

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 2023, the largest contributors to Scandic Hotels Group's Scope 3 emissions were:

  • Business Travel (Cat. 6): 453.4 tCOâ‚‚e (100%)

Scandic Hotels Group's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Scandic Hotels Group's Total Carbon Footprint

In 2023, Scandic Hotels Group reported a total carbon footprint of 35,004.7 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 24.54% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Scandic Hotels Group's total carbon footprint was Scope 2 emissions, accounting for 91.12% of the company's total carbon footprint, followed by Scope 1 emissions at 7.58%.